proposed tanzanian legislative changes, … the infill drilling program targeted areas predominantly...

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ASX RELEASE: 30 June 2017 ASX CODE: ORR BOARD: Craig Williams Non-Executive Chairman Matthew Yates CEO & Managing Director Alastair Morrison Non-Executive Director Michael Klessens Non-Executive Director Robert Rigo Non-Executive Director Luke Watson CFO & Company Secretary ISSUED CAPITAL: Shares: 216.4 million Unlisted Options: 9.8 million ABOUT ORECORP: OreCorp Limited is a Western Australian based mineral company focused on the Nyanzaga Gold Project in Tanzania & the Akjoujt South Nickel Copper Project in Mauritania. ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE PROPOSED TANZANIAN LEGISLATIVE CHANGES, INFILL DRILLING RESULTS AND PROJECT UPDATE AT NYANZAGA Proposed Tanzanian Legislative Changes OreCorp Limited (OreCorp or the Company) notes the publication of draft legislation which recommends changes to the legal framework governing the natural resources sector in Tanzania. We understand that this legislation is to be debated by the Parliament in an extended Parliamentary session. In addition, Parliament has approved the new Finance Act, which will impose a 1% clearing fee on the value of all minerals exported from the country from 1 July 2017. OreCorp will seek advice on the proposed changes and will provide further updates as appropriate. A general Project update is also provided herein. Infill Drilling Results OreCorp is pleased to announce that all infill drilling results for the Nyanzaga deposit (Deposit) in Tanzania have now been received and confirm the outstanding potential of the Project. The drilling infilled the main resource area, which hosts a Mineral Resource Estimate (MRE) of 3.3 million ounces @ 3.48 g/t gold, to potentially upgrade the resource classification of predominantly Open Pit (OP) mineralisation within the MRE. The drilling program consisted of 74 infill holes for 13,742m. Results for the first 27 holes were reported on 11 May 2017 with the remainder reported herein. Better intercepts from the remaining holes include: Hole ID Gold Intercept NYZRC0647 51m @ 4.61g/t from 1m (Incl. 7m @ 14.76g/t from 37m) NYZRC0649 28m @ 3.64g/t from 59m NYZRC0650 18m @ 3.19g/t from surface, 12m @ 3.65g/t from 37m, 10m @ 4.23g/t from 53m and 3m @ 3.71g/t from 94m NYZRC0654 16m @ 3.49g/t from 61m (Incl. 1m @ 24.10g/t from 75m) NYZRC0664 27m @ 4.34g/t from 66m (Incl. 3m @ 11.47g/t from 66m) and 20m @ 4.84g/t from 165m (Incl. 2m @ 30.50g/t from 176m) NYZRC0666 24m @ 3.72g/t from 40m NYZRC0668 36m @ 2.62g/t from 55m (Incl. 1m @ 20.70g/t from 87m) NYZRC0670 34m @ 3.04g/t from 95m NYZRC0675 33m @ 3.16g/t from 70m NYZRCDD0648 23m @ 8.23g/t from 287m (Incl. 2m @ 73.70g/t from 290m) and 70m @ 4.51g/t from 322m (Incl. 1m @ 125g/t from 329m) NYZRCDD0652 12m @ 5.49g/t from 199m (Incl. 1m @ 45.40g/t from 199m), 22m @ 1.76g/t from 214 and 19m @ 2.16g/t from 251m

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ASX RELEASE: 30 June 2017 ASX CODE: ORR BOARD: Craig Williams Non-Executive Chairman

Matthew Yates CEO & Managing Director

Alastair Morrison Non-Executive Director

Michael Klessens Non-Executive Director

Robert Rigo Non-Executive Director

Luke Watson CFO & Company Secretary ISSUED CAPITAL: Shares: 216.4 million Unlisted Options: 9.8 million ABOUT ORECORP: OreCorp Limited is a Western Australian based mineral company focused on the Nyanzaga Gold Project in Tanzania & the Akjoujt South Nickel – Copper Project in Mauritania.

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE

PROPOSED TANZANIAN LEGISLATIVE CHANGES, INFILL DRILLING RESULTS AND PROJECT UPDATE AT NYANZAGA

Proposed Tanzanian Legislative Changes OreCorp Limited (OreCorp or the Company) notes the publication of draft legislation which recommends changes to the legal framework governing the natural resources sector in Tanzania. We understand that this legislation is to be debated by the Parliament in an extended Parliamentary session. In addition, Parliament has approved the new Finance Act, which will impose a 1% clearing fee on the value of all minerals exported from the country from 1 July 2017. OreCorp will seek advice on the proposed changes and will provide further updates as appropriate. A general Project update is also provided herein. Infill Drilling Results OreCorp is pleased to announce that all infill drilling results for the Nyanzaga deposit (Deposit) in Tanzania have now been received and confirm the outstanding potential of the Project. The drilling infilled the main resource area, which hosts a Mineral Resource Estimate (MRE) of 3.3 million ounces @ 3.48 g/t gold, to potentially upgrade the resource classification of predominantly Open Pit (OP) mineralisation within the MRE. The drilling program consisted of 74 infill holes for 13,742m. Results for the first 27 holes were reported on 11 May 2017 with the remainder reported herein. Better intercepts from the remaining holes include:

Hole ID Gold Intercept NYZRC0647 51m @ 4.61g/t from 1m (Incl. 7m @ 14.76g/t from 37m) NYZRC0649 28m @ 3.64g/t from 59m NYZRC0650 18m @ 3.19g/t from surface, 12m @ 3.65g/t from 37m, 10m @ 4.23g/t

from 53m and 3m @ 3.71g/t from 94m NYZRC0654 16m @ 3.49g/t from 61m (Incl. 1m @ 24.10g/t from 75m) NYZRC0664 27m @ 4.34g/t from 66m (Incl. 3m @ 11.47g/t from 66m) and 20m @

4.84g/t from 165m (Incl. 2m @ 30.50g/t from 176m) NYZRC0666 24m @ 3.72g/t from 40m NYZRC0668 36m @ 2.62g/t from 55m (Incl. 1m @ 20.70g/t from 87m) NYZRC0670 34m @ 3.04g/t from 95m NYZRC0675 33m @ 3.16g/t from 70m NYZRCDD0648 23m @ 8.23g/t from 287m (Incl. 2m @ 73.70g/t from 290m) and 70m

@ 4.51g/t from 322m (Incl. 1m @ 125g/t from 329m) NYZRCDD0652 12m @ 5.49g/t from 199m (Incl. 1m @ 45.40g/t from 199m), 22m @

1.76g/t from 214 and 19m @ 2.16g/t from 251m

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The infill drilling program targeted areas predominantly within the proposed OP area, where the existing data density

was not sufficient for the JORC classification of the current MRE to the Indicated and Measured categories. The program also targeted the potential for further shallow OP mineralisation and additional mineralisation that currently lies outside the Pre-Feasibility Study (PFS) OP shell. These results will be integrated into the existing data and it is currently anticipated that a revised MRE will be completed in Q3 2017. This will form an integral part of the Definitive Feasibility Study (DFS) that is currently in progress. For further information please contact: Matthew Yates Office: +61 (8) 9381 9997 Mobile: +61 (0) 413 845 467 CEO & Managing Director

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Introduction The Nyanzaga Project is the subject of an earn-in and joint venture agreement (JVA) with Acacia Mining plc (Acacia) and under terms of the JVA, OreCorp may earn up to a 51% interest. OreCorp is the operator of the Project and is currently completing a DFS on the Deposit. Nyanzaga is situated in the Archean Sukumaland Greenstone Belt, part of the Lake Victoria Goldfields (LVG) of the Tanzanian Craton. The greenstone belts of the LVG host a suite of large gold mines (Figure 1). The Geita Gold Mine lies approximately 60km to the west of the Project along the strike of the greenstone belt and the Bulyanhulu Gold Mine is located 36km to the southwest of the Project.

Figure 1: Lake Victoria Goldfields, Tanzania – Existing Resources Current Mineral Resource Estimate As part of the PFS, the MRE was updated as at 13 March 2017 and is reported in Table 1 in accordance with the JORC Code 2012.

OreCorp Limited – Nyanzaga Gold Project – Tanzania

Mineral Resource Estimate (MRE) as at 13 March, 2017

JORC 2012 Classification Tonnes (Mt) Gold Grade (g/t) Gold Metal (Moz)

Measured 3.08 3.75 0.371

Indicated 21.63 3.44 2.390

Sub-Total M & I 24.71 3.49 2.761

Inferred 5.07 3.48 0.568

Total 29.78 3.48 3.330

Reported at a 1.5g/t gold cut-off grade and a US$1,250 gold price. MRE defined by 3D wireframe interpretation with subcell block modelling. Gold grade estimated using Ordinary Kriging using a 10 x 10 x 10m estimation panel and Uniform Conditioning followed by Localisation to simulate 2.5 x 2.5 x 5m selectivity. Totals may not add up due to appropriate rounding of the MRE.

Table 1: Nyanzaga Gold Project – Updated Mineral Resource Estimate

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Infill Drilling Program An infill program comprising 74 holes totalling 13,742m of diamond and reverse circulation (RC) drilling has been completed (Figure 2 – yellow circles). The infill drilling focussed specifically on the area proposed to be mined in the early years of OP production, with the intention of converting JORC defined Inferred material to the Indicated and Measured categories. The overall spacing within this area of infill drilling is now approximately 20m x 20m.

Figure 2: Nyanzaga Infill, Sterilisation, Geotechnical, Hydrological and Historical Drilling

In particular the program focused on the high grade breccia zones associated with the Far Eastern, Eastern, Central and Axial Fault Zones in order to improve confidence in both the geometry and grade distribution of these higher-grade domains.

It is currently anticipated that a revised MRE incorporating this additional information will be completed during Q3 2017 as part of the DFS to be used in further mine design and planning.

Results Assay results have now been received for all the RC, Diamond and RC-Diamond drill holes. The first 27 holes were reported previously (see ASX Announcement dated 11 May 2017). The significant results for the remaining 47 holes are summarised in Table 2. Refer to Appendix 1 for further information and Appendix 2 for all assay results.

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Table 2: Nyanzaga Infill Drilling Significant Intercepts

Note: Mineralised Intercepts reported using a 1g/t gold lower cut, minimum width of 2m and a maximum consecutive internal dilution of no more than 2m

From To Interval Au g/t

NYZRC0646 467592.4 9672623.2 1260.2 110 -60.0 270.6 91 96 5 2.66

NYZRC0647 467543.6 9672621.7 1265.4 100 -60.0 270.6 1 52 51 4.61

(incl. 37 44 7 14.76)

NYZRC0649 467596.6 9672602.2 1260.8 96 -60.0 225.6 59 87 28 3.64

NYZRC0650 467558.4 9672622.1 1263.4 105 -60.0 270.6 0 18 18 3.19

21 33 12 1.97

37 49 12 3.65

53 63 10 4.23

94 97 3 3.71

NYZRC0654 467578.5 9672507.7 1286.0 140 -60.0 270.6 61 77 16 3.49

(incl. 75 76 1 24.1)

92 108 16 1.96

NYZRC0655 467615.6 9672281.2 1315.0 270 -60.0 270.6 250 270 20 3.12

(incl. 269 270 1 30.2)

NYZRC0664 467629.0 9672481.3 1279.1 210 -55.0 255.6 66 93 27 4.34

(incl. 66 69 3 11.47)

165 185 20 4.84

(incl. 176 178 2 30.5)

NYZRC0666 467628.0 9672504.4 1276.2 145 -45.0 280.6 40 64 24 3.72

NYZRC0668 467619.8 9672541.7 1269.2 140 -57.0 270.6 55 91 36 2.62

(incl. 87 88 1 20.7)

NYZRC0669 467655.5 9672565.5 1255.8 133 -58.0 270.6 89 133 44 3.82

(incl. 101 102 1 23.0)

NYZRC0670 467622.7 9672605.2 1257.3 132 -60.0 270.6 95 129 34 3.04

NYZRC0675 467621.8 9672414.4 1296.6 170 -60.0 270.6 70 103 33 3.16

106 129 23 1.41

NYZRC0679 467583.0 9672490.0 1292.1 90 -69.9 90.6 0 27 27 1.66

NYZRC0681 467543.0 9672446.0 1316.5 80 -60.7 90.6 34 37 3 7.67

61 80 19 3.7

(incl. 72 73 1 28.8)

NYZRCDD0632 467510.9 9672248.1 1363.7 146 -70.0 270.6 124 141 17 2.61

NYZRCDD0639 467557.0 9672502.0 1293.4 302.6 -60.6 270.6 33 58 25 1.88

185 215 30 1.97

NYZRCDD0648 467641.0 9672365.7 1297.5 392.04 -57.2 274.6 103 107 4 3.54

127 154 27 1.51

157 161 4 3.04

249 256 7 3.22

263 266 3 5.11

287 310 23 8.23

(incl. 290 292 2 73.7)

322 392 70 4.51

(incl. 329 330 1 125.0)

NYZRCDD0652 467566.1 9672523.0 1284.4 270.7 -61.5 270.6 199 211 12 5.49

(incl. 199 200 1 45.4)

214 236 22 1.76

239 247 8 1.82

251 270 19 2.16

Azimuth >1g/t Au (2m min width)HoleID Easting Northing RL Total

Depth

Dip

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The infill drilling has confirmed mineralisation (>0.5g/t gold) from surface in 16 of the 74 holes with a further 10 holes intersecting mineralisation less than 10m downhole from surface. The drilling also highlighted the strong, down-dip continuity development of both oxide and primary related mineralisation (Figures 3 and 4) in the top 250m of the sub-vertical Axial, Far East and East Fault zones within the OP area.

Figure 3: Nyanzaga Diagrammatic Section 9,672,620mN

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Figure 4: Nyanzaga Diagrammatic Section 9,672,560mN

Project Update Definitive Feasibility Study In addition to the infill drilling hydrogeological drilling and field investigations have been completed to confirm the mine dewatering requirements. A large geotechnical drilling campaign for both the mining (OP, surface box-cut and decline) and site infrastructure (process plant and tailings storage facility) has also been completed and the remainder of the waste dump and mine infrastructure sterilisation drilling concluded. No further drilling is currently planned for the remainder of 2017 on or around the immediate environment of the Nyanzaga Deposit. An update to the MRE work has commenced with the integration of the new geological and assay data into the original model. Geologists from OreCorp and resource consultant CSA Global have been on site over the past month to incorporate all the data and to refine the geological model. It is currently anticipated that the MRE work will be concluded and announced in Q3 2017. The recent concentrate export ban (announced by the Tanzanian Ministry of Energy and Minerals (MEM) on 3 March 2017) has ultimately led to delays in samples being exported for analysis. This has affected numerous

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samples destined for various international laboratories and may impact the timing for completion of the DFS. The MEM recently communicated a procedure which authorises the exportation of analytical samples and this may resolve the matter. Further metallurgical testwork has been completed with results confirming those announced in the PFS. Consultants Outotec Pty Ltd completed the Phase 1 DFS paste-fill testwork program with positive results in line with expectations. Paste filling is a method used to dispose of mine tailings underground to backfill underground mine stopes. The Phase 2 paste-fill optimisation work has commenced. Permitting The Project was registered with the National Environment Management Council (NEMC) in May 2016 with baseline surveys being completed during the remainder of 2016 and H1 2017. These surveys set the Scope of Works and Terms of Reference for the Environmental Impact Assessment (EIA) which were approved by NEMC on 3 January 2017. The EIA, carried out by MTL Consulting Tanzania with the guidance and supervision of PaulSam Geo-Engineering, was completed in May 2017. The reporting of the EIA activities and the baseline studies over the 2016-17 dry and the wet seasons will form the basis of the Environmental Impact Statement (EIS). The EIS is nearing completion and will be lodged with NEMC imminently. The EIS will be reviewed by NEMC and upon approval, should result in the issuance of an Environmental Certificate (EC). Pursuant to the current legislation, an EC is a condition for the grant of a Special Mining Licence (SML). The Company currently plans to lodge an SML application ahead of the expiry of the key Prospecting Licence (PL4830/2007) in November 2017. The SML approval process is expected to take several months and OreCorp’s Tanzanian legal advisers (ENS Attorneys) have advised that tenure remains secure whilst the SML application is being processed. The grant of the SML will be required before any form of financing for the construction of the Project can be concluded. The Company has also commenced a Relocation Action Plan (RAP) study during May and conducted consultations on regional, district, ward and village levels. Socio-economic, cultural and land asset surveys of people and infrastructure potentially affected by the development of the Project has also been completed. The RAP study was undertaken by Tanzanian consultants PaulSam Geo-Engineering. Feedback on the RAP work has been positive, including from the local community, the MEM and NEMC. This work also forms an integral part of the permitting process. Project Licences The Company has lodged two new applications, one on the west and one on the east of the Project area (Figure 5). The Company has been advised that one of these applications (PLA11559/2016) has been recommended for grant. Licence PL 4450/2007 expired during the quarter. The Company has also entered into an earn-in agreement for licence PL 9720/2014, a small narrow licence 7kms southeast of the proposed Nyanzaga pit (Figure 5), with Moonstan Gemstone Mining Company Limited (Moonstan). The agreement is currently being registered with the MEM. Under the terms of the agreement, OreCorp paid US$15,000 upon the lodgement of the transfer documents for the licence. Once the transfer is complete the Company will pay a further US$15,000 to hold a 51% interest in the licence. The Company may then expend US$50,000 to advance to 70% and a further expenditure of US$50,000 to 85%, at which point Moonstan will be free carried to a decision to mine any mineralisation discovered on the Moonstan licence PL 9720/2014.

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Figure 5: Nyanzaga Joint Venture Licence Status

The Company has an interest in the following projects and exploration licences: Mining Tenements Held

Project Licence Number Expiry Date Status Period Current Interest

Tanzania PL 9591/2014 13/03/2018 Pending Surrender Initial 100%

PL10911/2016 22/09/2020 Granted Initial 100%

PL10877/2016 06/10/2020 Granted Initial 100%

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Mining Tenements Acquired/Disposed

Project Licence Number Expiry Date Status Period Current Interest

Acquired Nil Disposed

Nil Beneficial Percentage Interests Held in Farm-In or Farm-Out Agreements

Project Licence Number

Expiry Date Status Period Current Interest

Tanzania PL 4830/2007 08/11/2017 Granted Extension 15%

Nyanzaga Project 1 PL 5069/2008 20/07/2018 Granted Extension 15%

PL 6493/2010 12/08/2018 Granted Second Renewal 15%

PL 6922/2011 27/02/2018 Granted First Renewal 15%

PL 7129/2011 02/08/2018 Granted First Renewal 15%

PL 7476/2011 18/12/2018 Granted First Renewal 15%

PL 8592/2012 23/12/2016 Under Renewal First Renewal Pending 15%

PL 8635/2012 23/12/2016 Under Renewal First Renewal Pending 15%

PL 9016/2013 26/03/2017 Under Renewal First Renewal Pending 15%

PL 9065/2013 26/03/2017 Under Renewal First Renewal Pending 15%

PL 9236/2013 30/06/2017 Under Renewal First Renewal Pending 15%

PL 9237/2013 30/06/2017 Under Renewal First Renewal Pending 15%

PL 9446/2013 31/10/2017 Granted Initial 15%

PL 9656/2014 31/03/2018 Granted Initial 15%

PL 9661/2014 31/03/2018 Granted Initial 15%

PL 9662/2014 31/03/2018 Granted Initial 15%

PL 9663/2014 31/03/2018 Granted Initial 15%

PL 9664/2014 31/03/2018 Granted Initial 15%

PL 9770/2014 04/06/2018 Granted Initial 15%

PL 9919/2014 07/07/2018 Granted Initial 15%

PL 4730/2007 19/09/2015 Under Extension Extension Pending 9%

PL 7120/2011 05/07/2018 Granted First Renewal 9%

PL 7121/2011 05/07/2018 Granted First Renewal 9%

PL 9673/2014 23/04/2018 Granted Initial 15%

Notes: 1) Pursuant to a whole of company earn-in agreement with Acacia Mining plc, under which the Company has

contractual rights to earn beneficial interests in the tenements and, upon completion of a DFS, acquire shares in the direct holding company of the tenements.

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Beneficial Percentage Interests Held in Farm-In or Farm-Out Agreements Acquired or Disposed

Project Licence Number Expiry Date Status Period Current Interest

Acquired

PL 9720/2014 1 11/05/2018 Granted (transfer pending) Initial 0%

Disposed

PL 4450/2007 23/05/2017 Expired N/A 0%

Notes: 1) Pursuant to an earn-in agreement with Moonstan Gemstone Mining Company Limited, under which the Company

has contractual rights to earn an interest in the tenement. Whilst the PL is granted, its transfer to OreCorp is pending.

Other than as disclosed above, no other tenements were acquired or disposed during the quarter (including beneficial interests in joint venture projects), nor were there any further changes to the beneficial interest in any tenements.

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About OreCorp Limited

OreCorp Limited is a Western Australian based mineral company with gold and base metal projects in Tanzania and Mauritania. OreCorp is listed on the Australian Securities Exchange (ASX) under the code ‘ORR’. The Company is well funded with no debt. OreCorp’s key projects are the Nyanzaga Gold Project in northwest Tanzania and the Akjoujt South Nickel-Copper Project in Mauritania. On 13 March 2017, the Company announced that it had completed the third stage of its earn-in and JVA with Acacia Mining plc to earn up to a 51% interest in the Nyanzaga Project in the Lake Victoria Goldfields of Tanzania. The Project currently hosts a JORC 2012 MRE of 3.3Mozs at 3.48g/t gold. JORC 2012 Compliance Statements

The information in this release that relates to “exploration results” is based on information compiled or reviewed by Mr Jim Brigden. Mr Brigden is a Consultant to OreCorp Limited and is a member of the Australasian Institute of Geoscientists. Mr Brigden has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking 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 Bridgen consents to the inclusion in this release of the exploration results in the form and context in which they appear. Forward Looking Statements

This release contains ‘forward-looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to pre-feasibility and definitive feasibility studies, the Company’s business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this news release are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Company’s Prospectus dated January 2013. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intent or obligations to update or revise any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law.

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APPENDIX 1 - Table 1 Appendix 5A ASX Listing Rules (JORC Code)

Section 1: Sampling Techniques and Data, Nyanzaga Project

Criteria Explanation Comments

Sampling techniques

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.

Surface, Rock Chip and Trench Sampling. Samples are taken as point samples, of between 1-2kg. RAB and Aircore Drilling. Details of the historical sampling technique of Rotary Air Blast (RAB) and Aircore (AC) drilling are largely not detailed. Recent RAB and AC samples were collected as composite sample over 3 metres with selective samples re-sampled over 1 metre. RAB drilling is open hole while AC drilling uses a face sampling blade. Reverse Circulation (RC) drill samples were collected through a cyclone at 1m intervals for the entire length of the hole. Diamond (DD) drilling core samples were collected in trays. Core samples were assayed nominally at 1m intervals. During the recent resource infill drill program at the Nyanzaga Deposit a total of 74 holes for 13,742m of diamond and reverse circulation has been undertaken. A total of 7,008 samples have been analysed. RAB and AC drilling are not used in the MRE. Other Drilling. Sterilisation RAB / AC / RC Drilling. During the recent resource infill drill program at Nyanzaga Deposit a total of 377 combined RAB / AC / RC sterilisation drilling holes for 17821m were drilled. Hydrology / Water Monitoring Drilling. During the recent resource infill drill program at Nyanzaga Deposit a total of 6 hydrology holes for 1089m were drilled, bringing to a total 11 hydrology holes for 1867.3 metres in the project area. Geotech Drilling. During the recent resource infill drill program at Nyanzaga Deposit a total of 10 geotechnical holes for 3956.65m were drilled, bringing to a total of 23 geotechnical holes for 10866.2 metres in the project area. The total drilling over the last 20 years of recent exploration at the Nyanzaga Project (including Regional Prospects) 2,665 drill holes (Diamond, RC, RAB and AC) for 276,911m drilled and 259,474 drill assays of all types.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Documented sampling procedures, including appropriate standards, blanks and duplicates for all RC, DD and QA/QC were used for all work carried out since 2004. No documentation of QAQC procedures or sample representivity was evident for work carried out pre-2004. Spacing is variable with the overall drill spacing within this area of infill drilling approximately 20m x 20m, to 50x50m in the MRE drilled area.

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

Documentation for work pre-2004 is not available, practices are assumed to have followed industry standards. 2004 – 2006 RC Drilling - Samples were collected at 1m intervals in plastic bags and their weight (25-35kg) was recorded. Wet samples were collected in polythene bags and allowed to air dry before splitting. Prior to September 05, the samples were combined into 3m composites by

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to obtain 1 m samples from which 3 kg was pulverised to produce a 30g 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.

taking a 300gm scoop from 10-15kg 1m interval, then mixing it with 300gm scoops from each of two adjacent samples. The 1kg composite sample was then submitted to SGS for preparation and analysis. The individual 1m samples were stored for gold assaying if positive results were obtained from the 3m composite. After September 2005, 1m split samples of 1kg weight were submitted directly to SGS for analysis and the remaining sample of approximately 15-20kg was stored on site. Samples were placed in plastic bags, labeled and stacked on plastic sheets. Samples were catalogued in a register so that samples could be retrieved, and sample stacks were covered with plastics and secured. Diamond Drilling - Core is correctly fitted in the core boxes prior to sampling to ensure that only one side of the core is consistently sampled. The core was split using a diamond saw and sampled with QA/QC samples inserted accordingly. Sample length vary between 0.5-1.0m with half of the cut core sent to lab, the remaining half is marked with a sample number and stored in racks at Nyanzaga site. 2007 Documentation for drilling completed in 2007 is not available, practices are assumed to have followed industry standards. 2009 RC Drilling - Bulk samples for every 1m interval were collected via a cyclone into a plastic bucket which was then weighed prior to sampling using a triple tier riffle splitter. Diamond Drilling - Diamond core was cut using a simple brick saw into equal halves; one half of the core was collected for each 1m interval. No sample interval was less than 20cm or exceeded 1.5m. 2010 onwards RC Drilling - All RC drill holes were sampled at 1m intervals for the entire length of the hole, where possible. Each sample was collected into a plastic bag large enough to hold approximately 40kg of cuttings, which was held below the cyclone spigot by a drill helper. To avoid sample contamination after a drill run was completed, blow-backs were carried out at the end of each of the 6.0m runs by the driller whereby the percussion bit was lifted off the bottom of the hole and the hole blown clean. If water was encountered in the hole, the driller was directed to dry out the hole by increasing air pressure into the hole and lifting and lowering the rods prior to continuing the drilling. The sample cuttings for each meter were weighed and recorded. The sample contents from the bag are disgorged into a Gilson riffle splitter. A sample is collected on one side of the splitter as a reject. The material collected in the residue bags on the other side of the splitter are poured back into the splitter and a 4 to 5kg sample is collected from the second split in a pre-labeled and tagged plastic bag for dispatch to the assay laboratory. Diamond Drilling - Diamond core was extracted using standard wire line methods. Core runs and core blocks were placed in boxes by the drillers and verified by the geologists at the drilling rigs. The cores were transported from drilling site to camp core shed every day.

Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard

Drilling methods employed over the Deposit have included RAB, AC, RC and DD drilling. The RAB and AC drilling was undertaken with depths ranging from 15m to 87m, with an average depth of 65.4m

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tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

The 2004-2006 RC drilling was undertaken using a 6” diameter hammer with the cyclone cleaned before the start of each hole. The 2010-2012 drilling used a standard 5 ½“ face sampling hammer leading a 4 ½” 6m rod string. The RC drill hole depths range from 15m to 288m, with an average depth of 130.9m. The RC drilling was undertaken using a 5 ½“ face sampling hammer leading a 4 ½” 6m rod string. The cyclone was cleaned before the start of each hole. The RC drill hole depths range from 30m to 270m down hole, with an average depth of 151.6m down hole. Reverse Circulation and Diamond Drilling methods where used during the recent drill program. DD core sizes range from HQ to NQ with the majority of the core being NQ. DD drill hole depths range from 75m to 1147.8m, with an average depth of 455.5m. During the latest MRE drilling DD tail core sizes range from HQ3 to PQ3 with most the core being HQ3 drill hole depths range from 123.8m to 450.8m down hole, with an average depth of 300.1m down hole. A variety of core orientation devices have been used. These include Reflex act, Easy Mark, Spear or Ball Mark. The diamond drill core orientations were marked and measured at the drill site by the driller and subsequently checked by the geologists who then drew orientation lines on the core.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

RAB / AC Drilling. No record is evident of the quality of sample recovery in RAB or AC drilling within the supplied database; RC Drilling. Total recovered sample weights for each individual meter sample of RC material was weighed and recorded. Sample recoveries are recorded in the database and are generally >90%. Recovery estimated quantitatively and issues also noted qualitatively. DD Drilling All diamond core was orientated and the recovered core lengths recorded against the reported drill interval. Core recovery is generally high (above 90% - 95%) in the mineralised areas though recoveries within narrow zones at the base of the regolith dropped to as low as 40%.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Drilling. Recovery estimated quantitatively and issues also noted qualitatively. Cyclone, splitters and sample buckets cleaned regularly. Protocols for sample collection, sample preparation, assaying generally meet industry standard practice for this type of gold deposit. All analytical data are verified by geological staff prior to entry into the database. Certified Reference Materials (CRMs) were utilised at a frequency of no greater than 1 in 20 samples. Prior to dispatch to the preparation laboratory collected field samples are stored in a secure facility at the field base camp. Pulp and coarse rejects duplicates and other non-assayed materials are stored at this facility.

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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 apparent relationship has yet been recognised or documented between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

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.

Drilling logs digitally entered into standard templates which use file structures, lookup tables and logging codes consistent with the Azeva.XDB SQL-based exploration database developed by Azeva Group. The drill hole data is compiled, validated and loaded by independent Data Management company, Geobase Australia Pty Ltd.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography

All DD and RC drill holes were logged in 1m intervals using visual inspection of washed drill cuttings in chip trays and drill core. Qualitative logging of lithology, oxidation, alteration, colour, texture and grain size was carried out. Quantitative logging of sulphide mineralogy, quartz veining, structure, density, RQD and magnetic susceptibility was carried out. All core was oriented with Alpha and Beta angles of fabrics recorded at point depths. Orientated and marked up diamond core in trays was photographed, wet and dry, using a camera mounted on a framed structure to ensure a constant angle and distance from the camera. Magnetic susceptibility readings were taken after every meter. For unconsolidated cores this is measured in situ and results recorded in SI units (Kappa) in the assay log sheets.

The total length and percentage of the relevant intersections logged.

All drill holes have been logged in full.

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

For the diamond core a line is drawn 90 degrees clockwise from the orientation line along the length of the core to indicate where the core must be cut. This is to ensure that each half of the core will be a mirror image of the other. Where there is no orientation, a line is chosen at 90 degrees to the predominant structure so that each cut half of the core will be a mirror image. Core cutting by diamond saw was conducted in a dedicated core saw shed. Core is cut in half and a 1m half core is removed from the core box for assaying. Each sample interval is placed in a plastic bag with a sample ticket. The bag is labeled with the hole and sample numbers using a marker pen.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

Sample is collected from the cyclone by the drill crew in bags provided by the site geologist and the sample is presented to the geologist. Sampling is undertaken on a 1m interval with material being collected into plastic bags by the driller directly from the cyclone and presented to the geologist. As a general rule the sample bags are laid out in rows of 20 samples representing a 20m interval with a one sample bag gap between rows

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during the day of drilling. All sample material is collected at the end of the day and taken to the sample yard for preparation. No sample is left at the drill site. Samples are split and two sample numbers are allocated at the drill rig or if necessary at the bag farm in Nyanzaga Camp. A physical hand-written sample register is maintained filled out according to the printed template sequence for QAQC sample variation.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Orecorp continually reviews and, when necessary, modifies to improve sample integrity during the drilling program. Protocols for sample collection, sample preparation, assaying generally meet industry standard practice for this type of gold deposit. All analytical data are verified by geologic staff prior to entry into the database used for modeling and resource estimation. Certified Reference Materials (CRMs) were utilized. Prior to dispatch to the preparation laboratory collected field samples are stored in a secure facility at the field base camp. Pulp and coarse rejects duplicates and other non-assayed materials are stored at this facility.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Umpire quality control samples have been systematically submitted. QA/QC protocols and a review of blank, standard and duplicate quality control data conducted on a batch by batch basis. Laboratory introduced QAQC samples are assessed.

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.

Post 2010 field duplicates comprised of 1,520 RC samples and 1,128 diamond core sample which equates to about 1 duplicate for every 40 primary samples. Results for paired field duplicates were monitored by producing a series of charts, graphs, including scatter charts, relative difference graphs and Thompson-Howarth precision estimates. The precision of the duplicate field samples is quite poor attributed to a number of factors. For the latest MRE drill phase, a total of 346 field introduced Duplicate samples and 493 field introduced Standards (Certified Reference Material “CRM”) were submitted with the program.

Whether sample sizes are appropriate to the grain size of the material being sampled.

For RC and DD drilling, sample sizes of around 3 to 5kg are appropriate to the grain size of the material being sampled.

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

Core samples are submitted as half core to the preparation laboratory. The entire sample for both RC and core samples for resource drilling programs are crushed and pulverised to 85% passing 75µm (Genalysis Intertek lab code SP13). The chosen sample preparation lab for the first 27 holes of the infill program was Intertek Genalysis, Johannesburg. A 200g sub sample was dispatched for analysis by Intertek Genalysis (Perth). Resource Drilling samples for diamond core and reverse circulation are assayed for gold using a 50g lead collection fire-assay and read by ICP-OES (code FA50/OE04) with a 5ppb detection limit. The Tanzanian Government imposed a concentrate export ban on 3 March 2017. The remaining 47 holes of the infill resource program were prepared at ALS, Mwanza. These were crushed and pulverised to

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85% passing 75µm (ALS code PREP-31B). The samples were then analysed by SGS, Mwanza for gold using a 50g charge by fire-assay, AAS (code FAA505) with a 0.01ppm detection limit.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Magnetic susceptibility readings were taken every half meter and then averaged for the meter length using a KT9. For unconsolidated core this was measured in situ and results recorded in SI units (Kappa) in the assay log sheets. Regional surface sampling. In recent soil sampling of the Project undertaken by Orecorp, an XRF Niton instruments was used to determine any element concentrations (excluding Au)

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.

Standard CRM’s at a frequency of 1 in 20 samples. This should be of a known, consistent grade (and reflect the expected grade in the sample). A sample blank at the beginning and end of the drillhole, as the first and last sample in the sequence, and also at 50m intervals. A duplicate sample is inserted during sample preparation at a frequency of +/- 5% of the total samples done on a batch sequence. Laboratory QC measures include; grind checks (Crusher; report 85% passing 2mm and pulp; report 90% passing 75µ) a crusher (preparation), and pulp duplicate (AuR1) and a pulp repeat.

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The significant intersections have been verified by alternative company personnel and external consultants. Field duplicates and standards submitted with the relevant assay batches have been reviewed as well as the laboratory duplicates and laboratory QA/QC data supplied. The cuttings and sample ledgers from these intervals have also been inspected.

The use of twinned holes.

There do not appear to be any recorded specifically twinned holes at Nyanzaga. Drilling in a number of areas has drill holes within 2 to 10 metres of each other. These shows acceptable correlation with increased variability, as grade increases.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols

Procedures of historical pre-2004 primary data collection are not documented. Primary data was collected using paper and then subsequently direct electronic entry on to Toughbook recorders. Barrick entered all historical and their subsequent primary data into an acQuire® system of an electronic version of the same templates with look-up codes to ensure standard data entry. The supplied data was checked by Geobase Australia Pty Ltd for validation and compilation into a SQL (Structured Query Language) format on the database server Currently, primary data was collected on paper, then transferred electronically using a set of standard digital templates supplied. The drill hole data is compiled, validated and loaded by independent data management company, Geobase Australia Pty Ltd. The data is exported into appropriate formats for use by the company. The QAQC

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implemented for each assay batch has been interrogated using Azeva.X software with no issue identified.

Discuss any adjustment to assay data.

No adjustments have been made to the assay data.

Location of data points

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.

All drill hole collars have been surveyed by Nile Precision Surveys by DGPS techniques. Check surveying was carried out against previous DGPS surveys undertaken by Ramani Geosystems in July and September 2012. No issues were identified.

Specification of the grid system used.

The grid system is UTM Arc 1960, Zone 36S.

Quality and adequacy of topographic control.

All drill hole collars have been surveyed by Nile Precision Surveys by DGPS techniques in 2017.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Reconnaissance RAB and AC drilling was undertaken in widely spaced traverses, variably spaced along lines of 800 x 300/200/100m centres designed to cross and test soil and interpreted stratigraphic and structural targets. . The infill drilling focussed specifically on the early years of open pit production, with the intention of converting JORC categorised Inferred material to Indicated and Measured material. The overall drill spacing within this area of infill drilling is now approximately 20m x 20m.

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 classifications applied.

The drill sections at Nyanzaga give a high degree of confidence in the geological continuity. The style of the replacement mineralisation provides evidence of grade continuity over significant distances along strike and at depth.

Whether sample compositing has been applied.

No composite sampling occurred in surface geochemistry Sample compositing was applied in the RAB and AC drilling where samples were composited over 3m intervals. Composting also occurred in the MRE drilling in areas outside the projected mineralisation model. If composite grades were greater than nominally 0.5 g/t Au, then individual 1m samples coarse fractions were re-split and submitted for analyses. No compositing has been applied to the exploration results.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

The angled drilling is variable and was designed to intersect the interpreted mineralisation. The drill intercepts are at a moderate angle to the mineralisation. True mineralisation width is interpreted as approximately 50% to 70% of intersection length for most holes drilled dipping at 60o to 90o at 220o to 280o magnetic and intersecting the eastern limb of the folded mineralised sequences. True mineralisation width is interpreted as lower, at approximately 40% to 60% of intersection length for those

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holes drilled on easterly azimuths intersecting the western limb of the fold closure. In the northern end of the fault related mineralisation area, or in the immediate core of the fold, hinge zone true mineralisation width is interpreted as lower, at approximately 30% to 50% of intersection length for those holes.

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.

No sampling bias is considered to have been introduced.

Sample security

The measures taken to ensure sample security.

All samples were removed from the field at the end of each day’s work program. Drill samples were stored in a guarded sample farm before being dispatched to the laboratories in sealed and code locked containers.

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

Audit review of the various drill sampling techniques and assaying have been undertaken. The sampling methodology applied to data follow standard industry practices. A procedure of QAQC involving appropriate standards, duplicates, blanks and also internal laboratory checks is and has been routinely employed in all sample types.

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Section 2: Reporting of Exploration Results, Nyanzaga Project (Criteria listed in the preceding section also apply to this section.)

Criteria Explanation Comments Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The Project is in north-western Tanzania, approximately 60 kilometres south-south west of Mwanza in the Sengerema District. The Project is made up of 27 granted Licences covering 268.8km2 and two applications covering 21.73km2. The Nyanzaga Deposit lies within licence PL 4830/2007 covering 16.9 km2.

Holder Licence Number Expiry Date Status

NMCL PL 4830/2007 8/11/2017 Granted

NMCL PL 5069/2008 20/07/2018 Granted

NMCL PL 6493/2010 12/08/2018 Granted

NMCL PL 6922/2011 27/02/2018 Granted

NMCL PL 7129/2011 2/08/2018 Granted

NMCL PL 7476/2011 18/12/2018 Granted

NMCL PL 8592/2012 23/12/2016 Under Renewal

NMCL PL 8635/2012 23/12/2016 Under Renewal

NMCL PL 9016/2013 26/03/2017 Under Renewal

NMCL PL 9065/2013 26/03/2017 Under Renewal

NMCL PL 9236/2013 30/06/2017 Under Renewal

NMCL PL 9237/2013 30/06/2017 Under Renewal

NMCL PL 9446/2013 31/10/2017 Granted

NMCL PL 9656/2014 31/03/2018 Granted

NMCL PL 9661/2014 31/03/2018 Granted

NMCL PL 9662/2014 31/03/2018 Granted

NMCL PL 9663/2014 31/03/2018 Granted

NMCL PL 9664/2014 31/03/2018 Granted

NMCL PL 9770/2014 4/06/2018 Granted

NMCL PL 9919/2014 7/07/2018 Granted

PML PL 4730/2007 19/09/2015 Under Extension

PML PL 7120/2011 5/07/2018 Granted

PML PL 7121/2011 5/07/2018 Granted

PML PL 9673/2014 23/04/2018 Granted

OTL PL 10911/2016 22/09/2020 Granted

OTL PL 10877/2016 6/10/2020 Granted

MGM PL 9720/2014 11/5/2018 Granted

NMCL – Nyanzaga Mining Company Limited PML – Pangea Minerals Limited – Licences pending transfer to NMCL OTL – OreCorp Tanzania Limited MGM – Moonstan Gemstone Mining Company Limited – Pending transfer to OTL On 22 September 2015 the Company announced that it had entered into a binding agreement with Acacia Mining plc (formerly African Barrick plc) to earn an interest in the Nyanzaga Gold Project in northwest Tanzania. OreCorp subsequently made a cash payment of US$1M to Acacia in consideration for a 5% initial interest in the Project, and has commenced work on a staged earn-in programme to earn a 25% interest in the Project upon completion of a Definitive Feasibility Study. Please refer to the

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Company’s ASX Announcement dated 22 September 2015 for details of all earn-in, expenditure and payments pursuant to the JV. Statutory royalties of 4% are payable to the Tanzanian Government, based on the gross value method. There is provision in the Mining Act 2010 for a Government carried interest, albeit that it has never been exercised by the Tanzanian Government and no precedent exists. If this is exercised it will be absorbed by OreCorp and Acacia on a pro-rata basis. Chalice Gold Mines Limited is entitled to a payment of A$5M upon commercial production at Nyanzaga (PL 4830/2007). The Company has lodged two new applications, one on the west and one on the east of the Project area. The Company has been advised that one of these applications has been recommended for grant. PL 4450/2007 expired during the quarter. The Company has also entered into an earn-in agreement for licence PL 9720/2014 with Moonstan Gemstone Mining Company Limited (Moonstan). The agreement is currently being registered with the MEM. Under the terms of the agreement, OreCorp paid US$15,000 upon the lodgement of the transfer documents for the licence. Once the transfer is complete the Company will pay a further US$15,000 to hold a 51% interest in the licence. The Company may then expend US$50,000 to advance to 70% and a further expenditure of US$50,000 to 85%, at which point Moonstan will be free carried to a decision to mine any mineralisation discovered on the Moonstan licence PL 9720/2014.

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.

The Project was registered with the National Environment Management Council (NEMC) in May 2016 with baseline surveys being completed during the remainder of 2016 and H1 2017. These surveys set the Scope of Works and Terms of Reference for the EIA which were approved by NEMC on 3 January 2017. The Environmental Impact Assessment (EIA), carried out by MTL Consulting Tanzania with the guidance and supervision of PaulSam Geo-Engineering, was completed in May 2017. The reporting of the EIA activities and the baseline studies over the dry and the wet seasons will form the basis of the Environmental Impact Statement (EIS). The EIS is nearing completion and will be lodged with NEMC imminently. The EIS will be reviewed by NEMC and upon approval, should result in the issuance of an Environmental Certificate (EC). An EC is a condition for the grant of a Special Mining Licence (SML). The Company currently plans to lodge an SML application in Q3 2017, covering an area of approximately 22 square kilometres, ahead of the expiry of the key Prospecting Licence (PL4830/2007) in November 2017. The SML approval process is expected to take several months and OreCorp’s Tanzanian legal advisers (ENS Attorneys) have advised that tenure remains secure whilst the SML application is being processed. The grant of the SML will be required before any form of financing for the construction of the Project can be concluded.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

1996 – Maiden Gold JV with Sub Sahara Resources – Acquired aerial photography, Landsat imagery and airborne magnetic and radiometric survey data. Completed soil and rock chip sampling, geological mapping, a helicopter-borne magnetic and radiometric geophysical survey and a small RC drill program. 1997 to 1998 – AVGold (in JV with Sub Sahara) – Completed residual soil sampling, rock chip and trench sampling and a ground magnetic survey.

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1999 to 2001 – Anglovaal Mining Ltd (in JV with Sub Sahara) – Conducted further soil sampling, rock chip sampling, trenching, ground magnetic survey, IP and resisitivity survey and limited RC and Diamond drilling. 2002 – Placer Dome JV with Sub Sahara Resources – Completed trenching, structural mapping, petrographic studies, RAB/AC, RC and diamond drilling. 2003 – Sub Sahara Resources – Compilation of previous work including literature surveys, geological mapping, air photo and Landsat TM analysis, geophysical surveys, geological mapping, geochemical soil and rock chip surveys and various RAB, RC and DDH drilling programs. 2004 to 2009 – Barrick Exploration Africa Ltd (BEAL) JV with Sub Sahara Resources - Embarked on a detailed surface mapping, re-logging, analysis and interpretation to consolidate a geological model and acceptable interpretative map. They also carried out additional soil and rock chip sampling, petrographic analysis, geological field mapping as well as RAB, CBI, RC and diamond drilling. A high resolution airborne geophysical survey (included magnetic, IP and resistivity) was flown over the Nyanzaga project area totaling 400 square kilometres. In order to improve the resolution of the target delineation process, BEAL contracted Geotech Airborne Limited and completed a helicopter Versatile Time Domain Electromagnetic (VTEM) survey in August 2006. Metallurgical test work and an independent resource estimation was also completed (independent consultant). 2009 to 2010 – Western Metals/Indago Resources – Work focused on targeting and mitigating the identified risks in the resource estimation. The main objectives were to develop confidence in continuity of mineralisation in the Nyanzaga deposit to a level required for a feasibility study. The independent consultant was retained by Indago to undertake the more recent in-pit estimate of gold resources per JORC code for the Nyanzaga Project which was completed in May 2009. Drilling was completed on extensions and higher grade zones internal to the optimized pit shell. 2010 to 2014 – Acacia undertook an extensive step out and infill drilling program and updated the geological and resource models.

Geology

Deposit type, geological setting and style of mineralisation.

The Nyanzaga Project is located on the northeastern flank of the Sukumaland Archaean Greenstone Belt. It is hosted within Nyanzian greenstone volcanic rocks and sediments typical of greenstone belts of the Tanzanian craton. The Nyanzaga deposit occurs within a sequence of folded Nyanzian sedimentary and volcanic rocks. Current interpretation of the Nyanzaga deposit has recognised a sequence of mudstone, sandstone and chert that are interpreted to form a northerly plunging antiform. The Nyanzaga deposit is an orogenic gold deposit. It is hosted by a cyclical sequence of chemical and clastic sediments (chert/sandstone/siltstone) bound by footwall and hanging wall volcanoclastic units. Three key alteration assemblages have been identified; Stage 1, Crustiform carbonate Stockwork; Stage 2, Silica – sericite - dolomite breccia replacement overprint; and Stage 3, Silica-sulphide-gold veins. The distribution of the gold mineralisation is related to dilation associated with; 1) competency contrast near the sedimentary cycle boundaries resulting in stratabound mineralisation; and 2) sub-vertical faulting, fracturing and brecciation related to the folding and subsequent shearing along the NE limb of the fold.

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Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

• easting and northing of the drill hole collar

• elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

• dip and azimuth of the hole

• down hole length and interception depth

• hole length.

All drill hole collar locations (easting and northing given in UTM 1960, Zone 36N), collar elevations (m), dip (o) and azimuth (o Grid UTM ) of the drill holes, down hole length (m) and total hole length.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Information is included – see above. Not applicable.

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

As detailed in Appendix 2. Significant intercepts reported based on a minimum width of 2m, a maximum consecutive internal dilution of no more than 2m, no upper or lower cut, and at composited grades of 0.5, 1.0 and 10 g/t Au. All previous drill results were reported in the Company’s 22 September 2015 and 11 May 2017 ASX releases.

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

This is stated as a footnote in the appendices of the Company’s 22 September 2015 ASX release.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

Not applicable. Gold only is being reported.

Relationship between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of Exploration Results.

Geological interpretation, field mapping and the drill testing of both the regional and resource areas suggest that the gold mineralisation within the Nyanzaga deposit is related to dilation associated with: 1) competency contrast near the sedimentary cycle boundaries resulting in stratabound mineralisation; and 2) sub-vertical faulting, fracturing and brecciation related to the folding and subsequent shearing along the NE limb of the fold.

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If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

Drilling results are quoted as downhole intersections. True mineralisation width is interpreted as approximately 50% to 70% of intersection length for holes drilled dipping at 60o to 90o at 220o to 280o magnetic and intersecting the eastern limb of the folded mineralised sequences. True mineralisation width is interpreted as lower, at approximately 40% to 60% of intersection length for those holes drilled on easterly azimuths intersecting the western limb of the fold closure. In the far northern part of the drilled area, true mineralisation width is interpreted as lower, at approximately 30% to 50% of intersection length for those holes.

If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).

Not applicable. Stated above.

Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Suitable summary plans and type sections have been included in the body of the release.

Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All significant and non-significant intercepts have been tabled as per the appendices of this ASX release.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

Airborne and ground magnetics, radiometric, VTEM, gravity and IP geophysical survey work was carried out that defines the stratigraphy, structures possibly influencing mineralisation and chargeability signatures reflecting the extent of disseminated sulphide replacement at depth. Additionally, satellite imagery (GeoImagery) and meta data images were procured. Bulk Density was carried out on over 52,219 core samples for the Nyanzaga MRE project area.

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Further work

The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling)

A Definitive Feasibility Study (DFS) has commenced, primarily focusing on optimisation of the process flow sheet to optimise gold recovery and reduce operating and capital costs. The DFS will also provide additional definition to the projects infrastructure requirements such as power and water supply and logistics. The Company aims to finalise the DFS by the end of 2017. OreCorp believes there is potential to further optimise the Project prior to implementation through optimising the metallurgical process, validation of the gold and silver recoveries and reagent optimisation. A revised MRE is currently anticipated to be completed by Q3 2017.

Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Diagrams are within the body of the text

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/t

NYZRC0638 RC 467481.7 9672584.2 1274.5 110 -60.0 90.6 1 33 32 1.63 2 4 2 1.7

9 31 22 1.99

45 48 3 0.54

51 58 7 1.56 52 55 3 2.77

61 110 49 1.47 77 79 2 1.05

92 94 2 1.18

97 110 13 3.82

NYZRC0640 RC 467655.8 9672501.7 1266.5 240 -60.0 270.6 131 135 4 0.7

146 148 2 1.39

155 161 6 1.02 158 160 2 1.86

174 186 12 0.81

190 240 50 1.01 191 195 4 3.42

202 207 5 1.03

232 236 4 1.42

NYZRC0641 RC 467530.5 9672602.2 1269.6 100 -60.0 270.6 0 2 2 0.63

5 14 9 0.79

17 19 2 0.97

22 24 2 0.72

37 58 21 0.66

62 68 6 0.82

72 91 19 1.1 73 75 2 1.1

78 91 13 1.26

94 100 6 1.85 94 99 5 2.03

NYZRC0642 RC 467477.2 9672683.3 1257.3 140 -60.0 270.6

NYZRC0643 RC 467545.7 9672643.7 1261.3 142 -60.0 270.6 1 4 3 0.6

64 67 3 0.58

79 141 62 1.11 80 92 12 1.4

104 117 13 1.22

121 140 19 1.49

NYZRC0644 RC 467586.3 9672523.3 1281.8 140 -61.0 270.6 17 25 8 0.8

35 41 6 1.01

44 54 10 1.3 46 52 6 1.69

60 76 16 0.85 60 63 3 1.15

73 75 2 1.31

91 108 17 0.83 94 98 4 1.24

119 124 5 0.54

NYZRC0645 RC 467418.3 9672424.4 1318.2 250 -61.0 90.6 126 128 2 0.95

131 206 75 1.22 138 154 16 1.47

157 170 13 1.6

173 176 3 1.88

179 191 12 1.83

209 214 5 0.65

230 249 19 0.81 235 237 2 1.28

240 244 4 1.47

NYZRC0646 RC 467592.4 9672623.2 1260.2 110 -60.0 270.6 28 32 4 0.84

36 44 8 1.25

89 102 13 1.37 91 96 5 2.66

106 109 3 0.87

NYZRC0647 RC 467543.6 9672621.7 1265.4 100 -60.0 270.6 0 69 69 3.69 1 52 51 4.61 37 44 7 14.76

55 61 6 1.72

86 89 3 0.72

93 100 7 1.13 93 99 6 1.23

NYZRC0649 RC 467596.6 9672602.2 1260.8 96 -60.0 225.6 57 96 39 2.88 59 87 28 3.64

90 96 6 1.36

NYZRC0650 RC 467558.4 9672622.1 1263.4 105 -60.0 270.6 0 18 18 3.19 0 18 18 3.19

21 49 28 2.5 21 33 12 1.97

37 49 12 3.65

52 63 11 3.91 53 63 10 4.23

67 104 37 1.27 71 85 14 1.32

94 97 3 3.71

100 104 4 1.83

NYZRC0651 RC 467564.0 9672523.2 1284.5 150 -50.0 266.6 0 54 54 1.65 1 30 29 1.87

35 40 5 2.24

43 50 7 2.26

62 68 6 3.07 62 67 5 3.59

73 79 6 2.65

106 150 44 1.15 106 110 4 1.02

112 136 24 1.36

140 147 7 1.03

NYZRC0653 RC 467612.9 9672617.4 1257.2 120 -60.0 225.6 4 8 4 0.55

68 119 51 1.67 68 90 22 2.18

93 106 13 1.77

112 114 2 1.23

NYZRC0654 RC 467578.5 9672507.7 1286.0 140 -60.0 270.6 0 3 3 1.1 0 3 3 1.1

12 23 11 1.75 13 18 5 2.31

Azimuth

No Significant Intercept

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

21 23 2 2.8

28 30 2 1.32

34 136 102 1.46 37 54 17 1.27

61 77 16 3.49 75 76 1 24.1

80 89 9 1.05

92 108 16 1.96

133 136 3 1.08

NYZRC0655 RC 467615.6 9672281.2 1315.0 270 -60.0 270.6 152 161 9 0.9 152 157 5 1.14

167 216 49 1.98 168 181 13 1.42

189 214 25 2.73

241 270 29 2.33 250 270 20 3.12 269 270 1 30.2

NYZRC0656 RC 467612.1 9672680.3 1254.0 40 -60.0 270.6 0 2 2 0.62

18 25 7 3.08 19 25 6 3.45

35 39 4 1.31 35 39 4 1.31

NYZRC0657 RC 467659.8 9672581.7 1253.1 130 -60.0 270.6 4 8 4 1.11 4 8 4 1.11

115 130 15 1.75 115 129 14 1.83

NYZRC0658 RC 467557.1 9672662.0 1258.9 85 -60.0 270.6 0 4 4 0.74

8 12 4 0.65

16 28 12 0.85 24 28 4 1.05

40 44 4 0.51

48 60 12 0.66

64 76 12 0.53

80 85 5 0.8

NYZRC0659 RC 467589.7 9672700.4 1255.2 30 -60.0 270.6 1 6 5 0.7

9 24 15 2 13 15 2 4.96

18 23 5 2.64

NYZRC0660 RC 467631.0 9672305.7 1306.4 80 -60.0 270.6

NYZRC0661 RC 467611.9 9672663.6 1254.6 160 -60.0 275.7 20 26 6 0.74 20 22 2 1.43

29 39 10 0.7 32 36 4 1.07

90 101 11 0.58

NYZRC0662 RC 467655.5 9672280.9 1298.4 80 -60.0 270.6 33 49 16 1.08 35 41 6 1.44

46 49 3 1.66

NYZRC0663 RC 467630.0 9672483.4 1279.0 200 -60.0 270.6 44 71 27 1.54 45 62 17 1.93

74 77 3 0.71

80 100 20 2.21 86 99 13 2.9

103 127 24 1.03 105 108 3 1.86

116 122 6 1.82

131 148 17 0.76 137 140 3 1.24

155 163 8 0.65

168 182 14 1.1 169 178 9 1.4

185 195 10 1.28 190 193 3 2.66

NYZRC0664 RC 467629.0 9672481.3 1279.1 210 -55.0 255.6 36 45 9 1.26 39 41 2 4.17

48 57 9 1.08 49 56 7 1.15

66 189 123 2.33 66 93 27 4.34 66 69 3 11.47

96 98 2 1.43

118 125 7 1.07

138 141 3 1.06

144 159 15 1.57

165 185 20 4.84 176 178 2 30.5

193 210 17 0.74 201 203 2 1.12

NYZRC0665 RC 467628.1 9672632.0 1254.1 150 -60.0 225.6 84 106 22 0.89 88 90 2 1.76

99 106 7 1.42

109 111 2 0.67

115 149 34 2.07 117 149 32 2.16

NYZRC0666 RC 467628.0 9672504.4 1276.2 145 -45.0 280.6 28 32 4 0.5

36 68 32 2.95 40 64 24 3.72

72 80 8 0.81 72 76 4 1.07

93 103 10 1.97 93 103 10 1.97

106 131 25 1.08 106 109 3 1.45

113 122 9 1.49

139 145 6 1.26 139 141 2 2.3

NYZRC0667 RC 467629.9 9672503.0 1276.2 140 -55.0 261.8 51 76 25 1.72 51 76 25 1.72

81 91 10 1.44 81 91 10 1.44

94 140 46 1.78 94 117 23 2.49

120 126 6 1.47

134 140 6 1.27

NYZRC0668 RC 467619.8 9672541.7 1269.2 140 -57.0 270.6 12 24 12 1 12 16 4 1.15

20 24 4 1.21

41 43 2 0.52

47 49 2 1.9 47 49 2 1.9

52 93 41 2.36 55 91 36 2.62 87 88 1 20.7

98 108 10 0.82 99 102 3 1.49

115 126 11 1.08 115 120 5 1.69

130 132 2 0.57

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

135 140 5 1.14 138 140 2 2.11

NYZRC0669 RC 467655.5 9672565.5 1255.8 133 -58.0 270.6 89 133 44 3.82 89 133 44 3.82 101 102 1 23

NYZRC0670 RC 467622.7 9672605.2 1257.3 132 -60.0 270.6 0 4 4 2.29 0 4 4 2.29

95 131 36 2.89 95 129 34 3.04

NYZRC0671 RC 467663.1 9672641.9 1249.9 180 -60.0 270.6

NYZRC0672 RC 467547.1 9672662.1 1259.3 125 -60.0 270.6 0 11 11 0.95 0 2 2 1.22

5 7 2 1.61

16 20 4 0.83

23 32 9 0.95 23 28 5 1.19

38 43 5 0.62

62 76 14 1.11 63 71 8 1.49

91 105 14 1.42 91 99 8 2.04

109 111 2 1.34

NYZRC0673 RC 467578.5 9672545.6 1277.3 110 -60.0 270.6 0 12 12 1.64 6 11 5 2.68

36 55 19 1.07 39 41 2 2.03

60 67 7 0.55

88 92 4 0.53

97 103 6 0.65

NYZRC0674 RC 467640.9 9672435.5 1285.4 160 -60.0 266.6 86 160 74 1.33 86 97 11 2.64

101 112 11 2.02

115 118 3 1.52

130 132 2 2.2

154 160 6 1.72

NYZRC0675 RC 467621.8 9672414.4 1296.6 170 -60.0 270.6 56 58 2 0.56

70 129 59 2.35 70 103 33 3.16

106 129 23 1.41

134 170 36 1.35 134 140 6 1.63

144 154 10 1.49

159 163 4 2.04

166 170 4 2

NYZRC0676 RC 467399.5 9672623.0 1262.3 190 -62.3 76.6 52 56 4 0.62

90 95 5 1.06 90 95 5 1.06

116 134 18 0.93 126 132 6 1.48

138 141 3 0.51

144 146 2 1.34

155 157 2 0.58

188 190 2 0.55

NYZRC0677 RC 467425.2 9672241.5 1366.1 161 -70.0 90.6 126 128 2 0.76

134 161 27 2.23 139 145 6 1.65

148 160 12 3.74

NYZRC0678 RC 467510.2 9672342.0 1352.2 260 -79.4 270.6 0 4 4 0.52

76 84 8 0.52

92 100 8 1.3 94 99 5 1.66

112 115 3 0.63

127 162 35 1.03 130 137 7 1.53

154 156 2 3.26

169 177 8 0.69

180 222 42 1 192 199 7 1.35

206 218 12 1.39

254 258 4 0.97 254 256 2 1.37

NYZRC0679 RC 467583.0 9672490.0 1292.1 90 -69.9 90.6 0 28 28 1.62 0 27 27 1.66

32 58 26 1.32 39 49 10 1.44

52 58 6 2.26

NYZRC0680 RC 467557.0 9672469.0 1306.3 120 -60.7 90.6 4 7 3 0.92

10 49 39 1.39 15 19 4 1.55

27 49 22 1.81

52 61 9 0.75

66 69 3 0.54

74 95 21 1.06 84 93 9 1.55

NYZRC0681 RC 467543.0 9672446.0 1316.5 80 -60.7 90.6 23 37 14 2.4 23 30 7 1.19

34 37 3 7.67

41 44 3 0.84

49 51 2 0.86

57 80 23 3.13 61 80 19 3.7 72 73 1 28.8

NYZRCDD0632 DD 467510.9 9672248.1 1363.7 146 -70.0 270.6 112 115 3 0.6

124 142 18 2.49 124 141 17 2.61

NYZRCDD0634 DD 467641.1 9672362.1 1297.6 380.3 -60.7 270.6 117 121 4 0.65

136 146 10 0.87 143 146 3 1.3

151 164 13 0.9 160 164 4 1.66

171 176 5 0.6

179 188 9 7.54 179 186 7 9.46 181 182 1 47.67

191 208 17 1.19 197 200 3 3.78

220 223 3 0.62

226 246 20 1.59 232 234 2 1.43

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

237 244 7 3.22

255 341 86 3.29 265 321 56 4.4 312 318 6 16

326 330 4 1.91

336 339 3 4.7

346 375 29 2.55 347 375 28 2.62

378 380 2.3 1.02

NYZRCDD0639 DD 467557.0 9672502.0 1293.4 302.6 -60.6 270.6 2 13 11 0.77 10 13 3 1.51

16 20 4 0.52

22 60 38 1.51 26 30 4 1.15

33 58 25 1.88

63 67 4 2.52 63 67 4 2.52

70 72 2 2.03 70 72 2 2.03

101 117 16 1.59 102 115 13 1.79

120 146 26 1.11 124 134 10 1.57

149 155 6 1.25 149 151 2 1.91

165 169 4 0.62

174 279 105 1.22 177 179 2 1.03

185 215 30 1.97

224 231 7 1.99

264 279 15 1.51

297 300 3 1.2 297 299 2 1.53

NYZRCDD0648 DD 467641.0 9672365.7 1297.5 392 -57.2 274.6 94 97 3 0.83

102 111 9 2.49 103 107 4 3.54

125 163 38 1.53 127 154 27 1.51

157 161 4 3.04

166 169 3 1.64 167 169 2 2.1

173 179 6 0.76

185 237 52 0.75 191 194 3 1.19

220 225 5 1.35

241 266 25 1.83 249 256 7 3.22

263 266 3 5.11

273 278 5 0.92 274 278 4 1.01

284 392 108.04 4.81 287 310 23 8.23 290 292 2 73.7

314 318 4 1.85

322 392 70.04 4.51 329 330 1 125

NYZRCDD0652 DD 467566.1 9672523.0 1284.4 270.7 -61.5 270.6 1 5 4 1.8 1 5 4 1.8

8 29 21 1.33 8 16 8 2.03

23 28 5 1.36

33 59 26 1.66 35 47 12 2.58

50 52 2 1.41

55 57 2 1.56

65 110 45 0.92 70 74 4 1.71

82 86 4 1.95

91 96 5 1.37

114 116 2 0.63

122 124 2 0.6

141 144 3 1.39 141 144 3 1.39

152 173 21 1.02 153 160 7 1.4

164 166 2 1.42

177 181 4 1.03

185 270 85 2.1 199 211 12 5.49 199 200 1 45.4

214 236 22 1.76

239 247 8 1.82

251 270 19 2.16

HYDROGEOLOGICAL DRILLING

NYZRCHY0015 WB 467492.1 9672654.8 1260.8 127 -90.0 0.0 22 50 28 0.81 23 29 6 1.3

33 35 2 1.25

63 72 9 1.4 64 71 7 1.61

75 93 18 0.76 76 78 2 1.1

89 91 2 1.43

98 127 29 1.35 98 109 11 2.19

112 117 5 1.3

NYZRCHY0016 WB 467416.9 9672034.2 1336.1 198 -90.0 0.0

NYZRCHY0017 WB 467174.9 9672588.3 1237.2 180 -90.0 0.0

NYZRCHY0018 WB 467899.0 9672355.9 1230.1 250 -90.0 0.0

NYZRCHY0019 WB 467144.4 9672465.7 1242.3 250 -90.0 0.0

NYZRCHY0020 WB 467900.8 9672698.8 1244.0 84 -90.0 0.0

NYZRCW0011 WB 467907.0 9672695.0 1244.0 86 -90.0 0.0

NYZRCW0012 WB 467554.4 9670296.7 1159.7 70 -90.0 0.6

NYZRCW0013 WB 465785.5 9672540.1 1188.2 124 -90.0 0.6

NYZRCW0014 WB 465031.2 9671312.9 1154.6 92 -90.0 0.6

NYZRCW0015 WB 469283.2 9669727.4 1153.9 60 -90.0 0.6

GEOTECHNICAL DRILLING

NYZGT0015 DD 467230.6 9672677.4 1236.8 710.2 -50.0 135.0

NYZGT0016 DD 467520.1 9672363.5 1346.2 500.2 -65.0 175.0 No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYZGT0017 DD 467817.6 9672506.4 1237.4 610.2 -55.0 255.0

NYZGT0018 DD 467761.8 9672276.1 1261.2 605.6 -60.0 285.0

NYZGT0019 DD 467595.2 9672520.7 1280.8 353 -65.0 45.0

NYZGT0020 DD 467906.3 9671880.5 1206.3 50 -60.0 270.0

NYZGT0021 DD 467788.4 9671893.1 1222.9 90.17 -70.0 10.0

NYZGT0022 DD 467711.1 9671880.8 1240.1 140.9 -60.0 310.0

NYZGT0023 DD 467308.4 9672113.4 1345.6 520.6 -55.0 30.0

NYZGT0024 DD 467378.7 9672407.5 1317.1 375.8 -64.3 225.6

STERILISATION DRILLING

NYGAC0965 AC 468310.0 9672302.0 1222.1 42 -60.0 90.6

NYGAC0966 AC 468332.0 9672304.0 1222.9 94 -60.0 90.6

NYGAC0967 AC 468379.0 9672302.0 1223.4 71 -60.0 90.6

NYGAC0968 AC 468416.0 9672302.0 1224.7 89 -60.0 90.6

NYGAC0969 AC 468460.0 9672302.0 1226.9 59 -60.0 90.6

NYGAC0970 AC 468489.0 9672302.0 1228.7 60 -60.0 90.6

NYGAC0971 AC 468519.0 9672302.0 1230.1 65 -60.0 90.6

NYGAC0972 AC 468549.0 9672303.0 1231.4 89 -60.0 90.6

NYGAC0973 AC 468594.0 9672303.0 1233.2 34 -60.0 90.6

NYGAC0974 AC 468611.0 9672303.0 1233.9 83 -60.0 90.6

NYGAC0975 AC 468656.0 9672303.0 1235.5 87 -60.0 90.6

NYGAC0976 AC 468700.0 9672301.0 1236.4 89 -60.0 90.6

NYGAC0977 AC 468072.0 9672101.0 1208.7 71 -60.0 90.6

NYGAC0978 AC 468107.0 9672101.0 1208.1 58 -60.0 90.6

NYGAC0979 AC 468136.0 9672102.0 1207.7 65 -60.0 90.6

NYGAC0980 AC 468169.0 9672100.0 1207.0 71 -60.0 90.6

NYGAC0981 AC 468204.0 9672100.0 1206.6 71 -60.0 90.6

NYGAC0982 AC 468241.0 9672100.0 1206.6 73 -60.0 90.6

NYGAC0983 AC 468278.0 9672100.0 1206.8 67 -60.0 90.6

NYGAC0984 AC 468312.0 9672100.0 1207.0 72 -60.0 90.6

NYGAC0985 AC 468348.0 9672100.0 1207.2 92 -60.0 90.6

NYGAC0986 AC 468394.0 9672102.0 1207.7 69 -60.0 90.6

NYGAC0987 AC 468429.0 9672102.0 1208.3 70 -60.0 90.6

NYGAC0988 AC 468464.0 9672103.0 1208.9 79 -60.0 90.6

NYGAC0989 AC 468504.0 9672102.0 1210.7 80 -60.0 90.6

NYGAC0990 AC 468544.0 9672103.0 1211.3 55 -60.0 90.6

NYGAC0991 AC 468572.0 9672102.0 1212.6 69 -60.0 90.6

NYGAC0992 AC 468607.0 9672102.0 1213.6 73 -60.0 90.6

NYGAC0993 AC 468644.0 9672102.0 1214.7 64 -60.0 90.6

NYGAC0994 AC 468676.0 9672102.0 1215.3 62 -60.0 90.6

NYGAC0995 AC 468707.0 9672102.0 1216.1 56 -60.0 90.6

NYGAC0996 AC 468735.0 9672100.0 1216.3 56 -60.0 90.6

NYGAC0997 AC 468763.0 9672101.0 1217.1 64 -60.0 90.6

NYGAC0998 AC 468795.0 9672101.0 1218.0 61 -60.0 90.6

NYGAC0999 AC 468826.0 9672100.0 1219.2 57 -60.0 90.6

NYGAC1000 AC 468855.0 9672050.0 1217.0 59 -60.0 90.6

NYGAC1001 AC 468885.0 9672050.0 1218.4 71 -60.0 90.6

NYGAC1002 AC 468909.0 9672052.0 1219.9 57 -60.0 90.6

NYGAC1003 AC 468962.0 9672049.0 1222.2 25 -60.0 270.6

NYGAC1004 AC 468966.0 9672050.0 1222.5 47 -60.0 90.6

NYGAC1005 AC 468990.0 9672050.0 1224.7 83 -60.0 90.6

NYGAC1006 AC 469032.0 9672050.0 1229.4 90 -60.0 90.6

NYGAC1007 AC 468979.0 9671900.0 1216.9 83 -60.0 270.6

NYGAC1008 AC 468935.0 9671903.0 1214.8 71 -60.0 270.6

NYGAC1009 AC 468901.0 9671901.0 1212.3 67 -60.0 270.6

NYGAC1010 AC 468864.0 9671899.0 1210.4 71 -60.0 270.6

NYGAC1011 AC 468828.0 9671900.0 1207.4 63 -60.0 270.6

NYGAC1012 AC 468796.0 9671902.0 1206.0 76 -60.0 270.6

NYGAC1013 AC 468758.0 9671900.0 1204.6 75 -60.0 270.6

NYGAC1014 AC 468722.0 9671901.0 1203.4 64 -60.0 270.6

NYGAC1015 AC 468690.0 9671900.0 1202.2 65 -60.0 270.6

NYGAC1016 AC 468657.0 9671901.0 1201.2 64 -60.0 270.6

NYGAC1017 AC 468624.0 9671902.0 1200.0 77 -60.0 270.6

NYGAC1018 AC 468583.0 9671900.0 1198.3 79 -60.0 270.6

NYGAC1019 AC 468542.0 9671900.0 1197.1 80 -60.0 270.6

NYGAC1020 AC 468501.0 9671902.0 1195.7 72 -60.0 270.6

NYGAC1021 AC 468468.0 9671902.0 1195.7 65 -60.0 270.6

NYGAC1022 AC 468426.0 9671898.0 1194.7 63 -60.0 270.6

NYGAC1023 AC 468389.0 9671926.0 1197.3 64 -64.0 270.6

NYGAC1024 AC 468351.0 9671898.0 1195.9 55 -60.0 270.6

NYGAC1025 AC 468322.0 9671899.0 1196.6 65 -60.0 270.6

NYGAC1026 AC 468286.0 9671899.0 1197.2 60 -60.0 270.6

NYGAC1027 AC 468255.0 9671899.0 1197.4 61 -60.0 270.6

NYGAC1028 AC 468222.0 9671899.0 1196.7 59 -60.0 270.6

NYGAC1029 AC 468184.0 9671897.0 1198.2 51 -60.0 270.6

NYGAC1030 AC 468156.0 9671898.0 1198.9 55 -60.0 270.6

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYGAC1031 AC 468126.0 9671899.0 1198.9 61 -60.0 270.6

NYGAC1032 AC 468096.0 9671899.0 1198.8 56 -60.0 270.6

NYGAC1033 AC 468063.0 9671903.0 1199.4 61 -60.0 270.6

NYGAC1034 AC 468036.0 9671901.0 1200.3 62 -60.0 270.6

NYGAC1035 AC 468003.0 9671940.0 1203.5 75 -60.0 270.6

NYGAC1036 AC 467966.0 9671937.0 1204.9 68 -60.0 270.6

NYGAC1037 AC 467930.0 9671939.0 1207.2 61 -60.0 270.6

NYGAC1038 AC 467897.0 9671938.0 1209.9 57 -60.0 270.6

NYGAC1039 AC 467868.0 9671940.0 1213.8 83 -60.0 270.6

NYGAC1040 AC 468756.0 9670700.0 1182.8 56 -60.0 270.6

NYGAC1041 AC 468728.0 9670702.0 1182.1 60 -60.0 270.6

NYGAC1042 AC 468698.0 9670698.0 1181.0 43 -60.0 270.6

NYGAC1043 AC 468676.0 9670701.0 1180.4 48 -60.0 270.6

NYGAC1044 AC 468652.0 9670703.0 1179.6 42 -60.0 270.6

NYGAC1045 AC 468629.0 9670703.0 1179.0 78 -60.0 270.6

NYGAC1046 AC 468589.0 9670700.0 1177.9 72 -60.0 270.6

NYGAC1047 AC 468550.0 9670696.0 1176.6 72 -60.0 270.6

NYGAC1048 AC 468516.0 9670700.0 1175.4 60 -60.0 270.6

NYGAC1049 AC 468488.0 9670698.0 1174.4 63 -60.0 270.6

NYGAC1050 AC 468454.0 9670698.0 1172.9 60 -60.0 270.6

NYGAC1051 AC 468420.0 9670701.0 1171.7 60 -60.0 270.6

NYGAC1052 AC 468389.0 9670700.0 1170.7 53 -60.0 270.6

NYGAC1053 AC 468363.0 9670699.0 1170.1 60 -60.0 270.6

NYGAC1054 AC 468333.0 9670700.0 1169.4 36 -60.0 270.6

NYGAC1055 AC 468312.0 9670700.0 1169.0 40 -60.0 270.6

NYGAC1056 AC 468291.0 9670700.0 1168.6 41 -60.0 270.6

NYGAC1057 AC 468269.0 9670700.0 1168.4 44 -60.0 270.6

NYGAC1058 AC 468247.0 9670701.0 1168.1 41 -60.0 270.6

NYGAC1059 AC 468224.0 9670701.0 1167.8 38 -60.0 270.6

NYGAC1060 AC 468206.0 9670700.0 1167.6 28 -60.0 270.6

NYGAC1061 AC 468190.0 9670700.0 1167.3 25 -60.0 270.6

NYGAC1062 AC 468175.0 9670701.0 1167.2 21 -60.0 270.6

NYGAC1063 AC 468164.0 9670702.0 1167.1 32 -60.0 270.6

NYGAC1064 AC 468146.0 9670701.0 1166.8 21 -60.0 270.6

NYGAC1065 AC 468135.0 9670700.0 1166.6 23 -60.0 270.6

NYGAC1066 AC 468123.0 9670701.0 1166.5 46 -60.0 270.6

NYGAC1067 AC 468099.0 9670701.0 1166.3 27 -60.0 270.6

NYGAC1068 AC 468081.0 9670700.0 1166.2 30 -60.0 270.6

NYGAC1069 AC 468065.0 9670701.0 1166.0 28 -60.0 270.6

NYGAC1070 AC 468052.0 9670702.0 1165.9 33 -60.0 270.6

NYGAC1071 AC 468556.0 9671100.0 1179.6 30 -60.0 270.6

NYGAC1072 AC 468540.0 9671100.0 1177.6 33 -60.0 270.6

NYGAC1073 AC 468514.0 9671098.0 1175.4 32 -60.0 270.6

NYGAC1074 AC 468498.0 9671099.0 1174.8 40 -60.0 270.6

NYGAC1075 AC 468477.0 9671097.0 1174.5 24 -60.0 270.6

NYGAC1076 AC 468466.0 9671099.0 1174.4 26 -60.0 270.6

NYGAC1077 AC 468450.0 9671099.0 1174.2 28 -60.0 270.6

NYGAC1078 AC 468437.0 9671099.0 1174.1 46 -60.0 270.6

NYGAC1079 AC 468413.0 9671100.0 1174.0 50 -60.0 270.6

NYGAC1080 AC 468387.0 9671103.0 1173.7 43 -60.0 270.6

NYGAC1081 AC 468364.0 9671102.0 1173.4 42 -60.0 270.6

NYGAC1082 AC 468342.0 9671100.0 1173.0 48 -60.0 270.6

NYGAC1083 AC 468317.0 9671101.0 1172.4 51 -60.0 270.6

NYGAC1084 AC 468166.0 9671099.0 1175.1 43 -60.0 270.6

NYGAC1085 AC 467885.0 9670702.0 1164.5 40 -60.0 270.6

NYGAC1086 AC 467844.0 9670702.0 1164.6 30 -60.0 270.6

NYGAC1087 AC 467829.0 9670702.0 1164.7 30 -60.0 270.6

NYGAC1088 AC 467813.0 9670700.0 1164.6 15 -60.0 270.6

NYGAC1089 AC 467803.0 9670700.0 1164.6 30 -60.0 270.6

NYGAC1090 AC 467778.0 9670701.0 1164.8 25 -60.0 270.6

NYGAC1091 AC 467756.0 9670701.0 1164.6 29 -60.0 270.6

NYGAC1092 AC 467729.0 9670702.0 1164.6 30 -60.0 270.6

NYGAC1093 AC 467691.0 9670700.0 1164.7 31 -60.0 270.6

NYGAC1094 AC 467670.0 9670698.0 1165.1 23 -60.0 270.6

NYGAC1095 AC 467642.0 9670699.0 1165.5 24 -60.0 270.6

NYGAC1096 AC 467630.0 9670700.0 1165.9 21 -60.0 270.6

NYGAC1097 AC 467617.0 9670701.0 1166.3 25 -60.0 270.6

NYGAC1098 AC 467604.0 9670701.0 1166.6 25 -60.0 270.6

NYGAC1099 AC 467591.0 9670701.0 1166.8 31 -60.0 270.6

NYGAC1100 AC 467575.0 9670700.0 1167.2 31 -60.0 270.6

NYGAC1101 AC 467561.0 9670700.0 1167.6 26 -60.0 270.6

NYGAC1102 AC 467548.0 9670700.0 1167.7 25 -60.0 270.6

NYGAC1103 AC 467534.0 9670701.0 1168.0 31 -60.0 270.6

NYGAC1104 AC 467520.0 9670701.0 1168.5 31 -60.0 270.6

NYGAC1105 AC 467502.0 9670702.0 1168.9 31 -60.0 270.6

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYGAC1106 AC 467487.0 9670701.0 1169.4 28 -60.0 270.6

NYGAC1107 AC 468827.0 9671500.0 1195.4 56 -60.0 270.6

NYGAC1108 AC 468800.0 9671502.0 1193.1 77 -60.0 270.6

NYGAC1109 AC 468763.0 9671501.0 1190.1 71 -60.0 270.6

NYGAC1110 AC 468728.0 9671500.0 1188.0 57 -60.0 270.6

NYGAC1111 AC 468699.0 9671501.0 1187.1 56 -60.0 270.6

NYGAC1112 AC 468671.0 9671502.0 1186.0 64 -60.0 270.6

NYGAC1113 AC 468642.0 9671500.0 1185.0 53 -60.0 270.6

NYGAC1114 AC 468615.0 9671501.0 1184.1 87 -60.0 270.6

NYGAC1115 AC 468572.0 9671499.0 1183.0 47 -60.0 270.6

NYGAC1116 AC 468551.0 9671501.0 1182.7 37 -60.0 270.6

NYGAC1117 AC 468532.0 9671501.0 1182.6 54 -60.0 270.6

NYGAC1118 AC 468506.0 9671501.0 1182.1 63 -60.0 270.6

NYGAC1119 AC 468476.0 9671500.0 1181.3 57 -60.0 270.6

NYGAC1200 AC 468449.0 9671500.0 1180.6 60 -60.0 270.6

NYGAC1201 AC 468417.0 9671500.0 1180.7 65 -60.0 270.6

NYGAC1202 AC 468386.0 9671500.0 1181.1 53 -60.0 270.6

NYGAC1203 AC 468357.0 9671501.0 1181.4 57 -60.0 270.6

NYGAC1204 AC 468327.0 9671500.0 1181.7 42 -60.0 270.6

NYGAC1205 AC 468308.0 9671500.0 1181.9 56 -60.0 270.6

NYGAC1206 AC 468277.0 9671500.0 1182.5 65 -60.0 270.6

NYGAC1207 AC 468243.0 9671502.0 1182.8 66 -60.0 270.6

NYGAC1208 AC 468206.0 9671498.0 1183.9 52 -60.0 270.6

NYGAC1209 AC 468181.0 9671500.0 1184.3 52 -60.0 270.6

NYGAC1210 AC 468150.0 9671500.0 1184.9 57 -60.0 270.6

NYGAC1211 AC 468123.0 9671498.0 1185.4 45 -60.0 270.6

NYGAC1212 AC 468106.0 9671501.0 1185.9 52 -60.0 270.6

NYGAC1213 AC 468080.0 9671501.0 1186.8 52 -60.0 270.6

NYGAC1214 AC 468050.0 9671497.0 1188.5 43 -60.0 270.6

NYGAC1215 AC 468032.0 9671499.0 1189.7 36 -60.0 270.6

NYGAC1216 AC 468017.0 9671499.0 1190.5 24 -60.0 270.6

NYGAC1235 AC 467800.0 9671700.0 1202.3 45 -60.0 270.0

NYGAC1236 AC 467778.0 9671699.0 1203.4 41 -60.0 270.0

NYGAC1237 AC 467758.0 9671698.0 1204.7 35 -60.0 270.0

NYGAC1238 AC 467726.0 9671703.0 1207.1 30 -60.0 270.0

NYGAC1239 AC 467705.0 9671701.0 1209.0 50 -60.0 270.0

NYGAC1240 AC 467678.0 9671702.0 1211.1 42 -60.0 270.0

NYGAC1241 AC 467659.0 9671701.0 1213.0 25 -60.0 270.0

NYGAC1242 AC 467637.0 9671700.0 1215.2 21 -60.0 270.0

NYGAC1243 AC 467618.0 9671700.0 1216.8 23 -60.0 270.0

NYGAC1244 AC 467598.0 9671700.0 1218.6 14 -60.0 270.0

NYGAC1245 AC 467575.0 9671701.0 1220.5 22 -60.0 270.0

NYGAC1246 AC 467553.0 9671702.0 1222.0 40 -60.0 270.0

NYGAC1247 AC 467533.0 9671703.0 1223.7 61 -60.0 270.0

NYGAC1248 AC 467513.0 9671702.0 1224.7 66 -60.0 270.0

NYGAC1249 AC 467491.0 9671702.0 1226.1 64 -60.0 270.0

NYGAC1250 AC 467500.0 9671500.0 1220.1 52 -60.0 270.0

NYGAC1251 AC 467473.0 9671518.0 1221.1 60 -60.0 270.0

NYGAC1252 AC 467443.0 9671537.0 1221.6 57 -60.0 270.0

NYGAC1253 AC 467415.0 9671549.0 1222.3 57 -60.0 270.0

NYGAC1254 AC 467389.0 9671554.0 1223.0 54 -60.0 270.0

NYGAC1255 AC 467355.0 9671552.0 1222.3 46 -60.0 270.0

NYGAC1256 AC 467334.0 9671554.0 1222.0 51 -60.0 270.0

NYGAC1257 AC 467308.0 9671539.0 1221.1 24 -60.0 270.0

NYGAC1258 AC 467300.0 9671537.0 1220.8 9 -60.0 270.0

NYGAC1259 AC 467273.0 9671537.0 1220.0 42 -60.0 270.0

NYGAC1260 AC 467254.0 9671535.0 1219.5 43 -60.0 270.0

NYGAC1261 AC 467232.0 9671535.0 1218.9 26 -60.0 270.0

NYGAC1262 AC 467206.0 9671533.0 1217.5 25 -60.0 270.0

NYGAC1263 AC 467185.0 9671529.0 1216.3 61 -60.0 270.0

NYGAC1264 AC 467152.0 9671525.0 1214.6 63 -60.0 270.0

NYGAC1265 AC 467117.0 9671515.0 1213.0 60 -60.0 270.0

NYGAC1266 AC 467094.0 9671513.0 1211.8 60 -60.0 270.0

NYGAC1267 AC 467070.0 9671510.0 1210.4 69 -60.0 270.0

NYGAC1268 AC 467038.0 9671498.0 1208.4 60 -60.0 270.0

NYGAC1269 AC 467008.0 9671490.0 1206.6 60 -60.0 270.0

NYGAC1270 AC 466980.0 9671484.0 1204.8 63 -60.0 270.0

NYGAC1271 AC 466700.0 9672559.0 1213.3 41 60.0 180.0

NYGAC1272 AC 466700.0 9672536.0 1213.5 57 60.0 180.0

NYGAC1273 AC 466700.0 9672510.0 1213.2 54 60.0 180.0

NYGAC1274 AC 466701.0 9672484.0 1213.2 32 60.0 180.0

NYGAC1275 AC 466709.0 9672471.0 1213.3 45 60.0 180.0

NYGAC1276 AC 466700.0 9672448.0 1213.3 36 60.0 180.0

NYGAC1277 AC 466700.0 9672426.0 1213.7 32 60.0 180.0

NYGAC1278 AC 466690.0 9672413.0 1213.7 27 60.0 180.0

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYGAC1279 AC 466675.0 9672400.0 1213.4 30 60.0 180.0

NYGAC1280 AC 466671.0 9672387.0 1213.3 27 60.0 180.0

NYGAC1281 AC 466700.0 9672356.0 1215.2 58 60.0 180.0

NYGAC1282 AC 466700.0 9672327.0 1216.2 78 60.0 180.0

NYGAC1283 AC 466701.0 9672286.0 1217.9 96 60.0 180.0

NYGAC1284 AC 466732.0 9672732.0 1218.0 63 60.0 90.0

NYGAC1285 AC 466752.0 9672165.0 1224.7 49 60.0 90.0

NYGAC1286 AC 466770.0 9672150.0 1226.2 55 60.0 90.0

NYGAC1287 AC 466798.0 9672150.0 1229.4 48 60.0 90.0

NYGAC1288 AC 466700.0 9672225.0 1219.4 83 60.0 180.0

NYGAC1289 AC 466200.0 9673401.0 1210.2 84 60.0 180.0

NYGAC1290 AC 466200.0 9673358.0 1208.7 84 60.0 180.0

NYGAC1291 AC 466200.0 9673318.0 1207.2 96 60.0 180.0

NYGAC1292 AC 466200.0 9673268.0 1205.7 84 60.0 180.0

NYGAC1293 AC 466201.0 9673226.0 1205.1 96 60.0 180.0

NYGAC1294 AC 466200.0 9673178.0 1205.0 96 60.0 180.0

NYGAC1295 AC 466201.0 9673132.0 1205.1 67 60.0 180.0

NYGAC1296 AC 466201.0 9673097.0 1204.8 37 60.0 180.0

NYGAC1297 AC 466200.0 9673078.0 1204.7 69 60.0 180.0

NYGAC1298 AC 466199.0 9673042.0 1204.2 77 60.0 180.0

NYGAC1299 AC 466199.0 9673000.0 1203.9 84 60.0 180.0

NYGAC1300 AC 466202.0 9672961.0 1202.8 81 60.0 180.0

NYGAC1301 AC 466202.0 9672918.0 1201.9 54 60.0 180.0

NYGAC1302 AC 466200.0 9672888.0 1201.2 66 60.0 180.0

NYGAC1303 AC 466200.0 9672855.0 1200.5 84 60.0 180.0

NYGAC1304 AC 466199.0 9672814.0 1200.1 54 60.0 180.0

NYGAC1305 AC 466203.0 9672788.0 1199.9 82 60.0 180.0

NYGAC1306 AC 466198.0 9672742.0 1199.1 96 60.0 180.0

NYGAC1307 AC 466196.0 9672689.0 1198.5 96 60.0 180.0

NYGAC1308 AC 466198.0 9672644.0 1198.1 60 60.0 180.0

NYGAC1309 AC 466199.0 9672608.0 1198.3 30 60.0 180.0

NYGAC1310 AC 466200.0 9672596.0 1198.2 30 60.0 180.0

NYGAC1311 AC 466200.0 9672578.0 1198.0 28 60.0 180.0

NYGAC1312 AC 466200.0 9672555.0 1198.0 24 60.0 180.0

NYGAC1313 AC 466198.0 9672537.0 1198.0 30 60.0 180.0

NYGAC1314 AC 466199.0 9672514.0 1197.9 30 60.0 180.0

NYGAC1315 AC 466200.0 9672495.0 1197.7 35 60.0 180.0

NYGAC1316 AC 466200.0 9672473.0 1197.6 29 60.0 180.0

NYGAC1317 AC 466201.0 9672452.0 1197.4 21 60.0 180.0

NYGAC1318 AC 466201.0 9672427.0 1197.3 14 60.0 180.0

NYGAC1319 AC 466200.0 9672407.0 1197.0 27 60.0 180.0

NYGAC1320 AC 466198.0 9672386.0 1196.8 24 60.0 180.0

NYGAC1321 AC 466199.0 9672368.0 1196.6 24 60.0 180.0

NYGAC1322 AC 466201.0 9672346.0 1196.7 22 60.0 180.0

NYGAC1323 AC 466201.0 9672324.0 1197.1 30 60.0 180.0

NYGAC1324 AC 466200.0 9672303.0 1197.6 36 60.0 180.0

NYGAC1325 AC 466200.0 9672286.0 1198.1 51 60.0 180.0

NYGAC1326 AC 466199.0 9672258.0 1199.0 48 60.0 180.0

NYGAC1327 AC 466200.0 9672234.0 1201.0 41 60.0 180.0

NYGAC1328 AC 466200.0 9672203.0 1203.9 24 60.0 180.0

NYGAC1329 AC 466699.0 9672640.0 1215.0 48 60.0 180.0

NYGAC1330 AC 466700.0 9672615.0 1214.4 28 60.0 180.0

NYGAC1331 AC 466753.0 9672331.0 1219.9 29 60.0 90.0

NYGAC1332 AC 466777.0 9672333.0 1222.1 14 60.0 90.0

NYGAC1333 AC 466799.0 9672331.0 1224.1 24 60.0 90.0

NYGAC1334 AC 466820.0 9672331.0 1225.2 60 60.0 90.0

NYGAC1335 AC 466850.0 9672330.0 1226.9 24 60.0 90.0

NYGAC1336 AC 466870.0 9672328.0 1228.7 42 60.0 90.0

NYGAC1337 AC 466888.0 9672331.0 1230.0 11 60.0 90.0

NYGAC1338 AC 466910.0 9672330.0 1232.7 42 60.0 90.0

NYGAC1339 AC 466825.0 9672149.0 1233.4 31 60.0 90.0

NYGAC1340 AC 466846.0 9672149.0 1237.0 66 60.0 90.0

NYGAC1341 AC 466879.0 9672149.0 1242.9 66 60.0 90.0

NYGRAB1120 RB 468034.0 9670700.0 1165.5 34 -60.0 270.6

NYGRAB1121 RB 468014.0 9670702.0 1165.0 27 -60.0 270.6

NYGRAB1122 RB 468001.0 9670699.0 1165.0 36 -60.0 270.6

NYGRAB1123 RB 467983.0 9670700.0 1165.0 35 -60.0 270.6

NYGRAB1124 RB 467964.0 9670702.0 1164.7 38 -60.0 270.6

NYGRAB1125 RB 467944.0 9670699.0 1164.5 36 -60.0 270.6

NYGRAB1126 RB 467926.0 9670700.0 1164.5 39 -60.0 270.6

NYGRAB1127 RB 467904.0 9670700.0 1164.5 29 -60.0 270.6

NYGRAB1128 RB 467890.0 9670700.0 1164.5 12 -60.0 270.6

NYGRAB1129 RB 467883.0 9670700.0 1164.5 8 -60.0 270.6

NYGRAB1130 RB 467879.0 9670700.0 1164.4 9 -60.0 270.6

NYGRAB1131 RB 467873.0 9670699.0 1164.4 7 -60.0 270.6

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYGRAB1132 RB 467869.0 9670699.0 1164.4 6 -60.0 270.6

NYGRAB1133 RB 467865.0 9670699.0 1164.5 5 -60.0 270.6

NYGRAB1134 RB 467862.0 9670699.0 1164.5 7 -60.0 270.6

NYGRAB1135 RB 467811.0 9670700.0 1164.6 14 -60.0 270.6

NYGRAB1136 RB 467787.0 9670701.0 1164.7 14 -60.0 270.6

NYGRAB1137 RB 467762.0 9670701.0 1164.6 10 -60.0 270.6

NYGRAB1138 RB 467736.0 9670700.0 1164.5 18 -60.0 270.6

NYGRAB1139 RB 467712.0 9670701.0 1164.6 13 -60.0 270.6

NYGRAB1140 RB 467702.0 9670700.0 1164.7 16 -60.0 270.6

NYGRAB1141 RB 467679.0 9670700.0 1164.9 18 -60.0 270.6

NYGRAB1142 RB 467653.0 9670700.0 1165.6 21 -60.0 270.6

NYGRC1143 RC 468141.0 9671100.0 1176.2 79 -60.0 270.6

NYGRC1144 RC 468100.0 9671100.0 1178.0 49 -60.0 270.6

NYGRC1145 RC 468080.0 9671098.0 1178.7 61 -60.0 270.6

NYGRC1146 RC 468044.0 9671102.0 1181.5 51 -60.0 270.6

NYGRC1147 RC 468020.0 9671101.0 1183.2 40 -60.0 270.6

NYGRC1148 RC 468001.0 9671101.0 1184.0 40 -60.0 270.6

NYGRC1149 RC 467900.0 9671501.0 1196.6 34 -60.0 270.6

NYGRC1150 RC 467883.0 9671502.0 1197.7 36 -60.0 270.6

NYGRC1151 RC 467865.0 9671502.0 1198.6 34 -60.0 270.6

NYGRC1152 RC 467848.0 9671501.0 1199.9 42 -60.0 270.6

NYGRC1153 RC 467827.0 9671500.0 1201.3 46 -60.0 270.6

NYGRC1154 RC 467802.0 9671500.0 1202.5 42 -60.0 270.6

NYGRC1155 RC 467783.0 9671501.0 1203.7 44 -60.0 270.6

NYGRC1156 RC 467761.0 9671501.0 1205.1 32 -60.0 270.6

NYGRC1157 RC 467745.0 9671500.0 1206.1 40 -60.0 270.6

NYGRC1158 RC 467727.0 9671500.0 1207.1 40 -60.0 270.6

NYGRC1159 RC 467706.0 9671500.0 1208.5 40 -60.0 270.6

NYGRC1160 RC 467685.0 9671499.0 1209.8 35 -60.0 270.6

NYGRC1161 RC 467668.0 9671501.0 1210.7 40 -60.0 270.6

NYGRC1162 RC 467651.0 9671501.0 1211.8 40 -60.0 270.6

NYGRC1163 RC 467628.0 9671501.0 1213.1 40 -60.0 270.6

NYGRC1164 RC 467608.0 9671501.0 1214.1 43 -60.0 270.6

NYGRC1165 RC 467588.0 9671501.0 1215.2 50 -60.0 270.6

NYGRC1166 RC 467563.0 9671501.0 1216.6 40 -60.0 270.6

NYGRC1167 RC 467543.0 9671501.0 1217.7 44 -60.0 270.6

NYGRC1168 RC 467522.0 9671501.0 1219.0 40 -60.0 270.6

NYGRC1169 RC 467503.0 9671501.0 1220.0 58 -60.0 270.6

NYGRC1170 RC 468000.0 9671501.0 1191.4 52 -60.0 270.6

NYGRC1171 RC 467975.0 9671500.0 1192.9 52 -60.0 270.6

NYGRC1172 RC 467950.0 9671500.0 1194.1 50 -60.0 270.6

NYGRC1173 RC 467925.0 9671501.0 1195.1 34 -60.0 270.6

NYGRC1174 RC 468935.0 9670701.0 1195.9 40 -60.0 270.6

NYGRC1175 RC 468915.0 9670702.0 1193.4 51 -60.0 270.6

NYGRC1176 RC 468886.0 9670697.0 1189.7 51 -60.0 270.6

NYGRC1177 RC 468855.0 9670728.0 1189.9 51 -60.0 270.6

NYGRC1178 RC 468830.0 9670726.0 1187.8 40 -60.0 270.6

NYGRC1179 RC 468807.0 9670724.0 1185.9 51 -60.0 270.6

NYGRC1180 RC 468782.0 9670715.0 1184.3 51 -60.0 270.6

NYGRC1181 RC 468786.0 9670335.0 1171.4 48 -60.0 270.6

NYGRC1182 RC 468760.0 9670335.0 1172.2 52 -60.0 270.6

NYGRC1183 RC 468735.0 9670335.0 1173.0 50 -60.0 270.6

NYGRC1184 RC 468710.0 9670335.0 1173.9 50 -60.0 270.6

NYGRC1185 RC 468685.0 9670334.0 1175.0 50 -60.0 270.6

NYGRC1186 RC 468660.0 9670334.0 1175.8 50 -60.0 270.6

NYGRC1187 RC 468635.0 9670335.0 1176.5 39 -60.0 270.6

NYGRC1188 RC 468616.0 9670315.0 1178.0 46 -60.0 270.6

NYGRC1189 RC 468595.0 9670317.0 1178.6 50 -60.0 270.6

NYGRC1190 RC 468568.0 9670317.0 1179.1 40 -60.0 270.6

NYGRC1191 RC 468549.0 9670317.0 1179.4 30 -60.0 270.6

NYGRC1192 RC 468534.0 9670321.0 1179.4 30 -60.0 270.6

NYGRC1193 RC 468515.0 9670319.0 1179.7 30 -60.0 270.6

NYGRC1194 RC 468503.0 9670320.0 1179.7 30 -60.0 270.6

NYGRC1195 RC 468486.0 9670300.0 1181.2 30 -60.0 270.6

NYGRC1196 RC 468471.0 9670300.0 1181.5 30 -60.0 270.6

NYGRC1197 RC 468457.0 9670300.0 1181.8 30 -60.0 270.6

NYGRC1198 RC 468441.0 9670300.0 1181.9 30 -60.0 270.6

NYGRC1199 RC 468425.0 9670300.0 1182.0 30 -60.0 270.6

NYGRC1217 RC 468410.0 9670300.0 1182.1 30 -60.0 270.6

NYGRC1218 RC 468395.0 9670300.0 1182.1 30 -60.0 270.6

NYGRC1219 RC 468380.0 9670300.0 1182.3 30 -60.0 270.6

NYGRC1220 RC 468365.0 9670300.0 1182.3 30 -60.0 270.6

NYGRC1221 RC 468350.0 9670300.0 1182.4 30 -60.0 270.6

NYGRC1222 RC 468335.0 9670300.0 1182.6 30 -60.0 270.6

NYGRC1223 RC 468320.0 9670300.0 1182.8 30 -60.0 270.6

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

APPENDIX 2 – Nyanzaga Infill Drilling Significant Intercepts

From To Interval Au g/t From To Interval Au g/t From To IntervalAu g/tAzimuth

>0.5g/t Au (2m min width) >1g/t Au (2m min width) >10g/t Au (2m min width)HoleID

Drill

TypeEast North RL

Total

DepthDip

NYGRC1224 RC 468305.0 9670301.0 1182.9 30 -60.0 270.6

NYGRC1225 RC 468291.0 9670299.0 1183.1 30 -60.0 270.6

NYGRC1226 RC 468272.0 9670299.0 1183.3 30 -60.0 270.6

NYGRC1227 RC 468253.0 9670298.0 1183.6 30 -60.0 270.6

NYGRC1228 RC 468235.0 9670299.0 1183.6 30 -60.0 270.6

NYGRC1229 RC 468215.0 9670300.0 1183.5 34 -60.0 270.6

NYGRC1230 RC 468198.0 9670300.0 1183.6 28 -60.0 270.6

NYGRC1231 RC 468183.0 9670301.0 1183.5 16 -60.0 270.6

NYGRC1232 RC 468165.0 9670300.0 1183.5 30 -60.0 270.6

NYGRC1233 RC 468150.0 9670301.0 1183.4 34 -60.0 270.6

NYGRC1234 RC 468134.0 9670299.0 1183.4 34 -60.0 270.6

NOTE:

1. Coordinates are in UTM Arc 1960 Zone 36S

2. East, North, RL, Depth, Azimuth and Dip have been rounded to one decimal place

3. Dips and azimuth at start of hole, variation may occur downhole

4. East, North, RL and Total Depth are recorded in metres

5. No upper cut applied. Where composited intercepts averaged >10g/t Au subsets using 10g/t lower cut, no upper cut and 2m internal dilution were applied for grades >1g/t

5.Composited intercepts <2m not tabled

6. All intercepts reported as downhole. True width may vary depending on angle of intersection

7. Type: RC - Reverrse Circulation, DD - Diamond, RCDD - Diamond with RC precollar

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept

No Significant Intercept