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To: LoneClone who wrote (169127)12/15/2022 1:54:05 PM
From: LoneClone  Read Replies (1) | Respond to of 192884
 
Novo Resources: Significant Copper, Nickel and Gold Results From Karratha District

Novo Resources Corp.
Fri, December 9, 2022 at 5:29 a.m.·24 min read

Figure 1



Novo’s Pilbara tenements and project location.
Figure 2



Prospect location at Purdy's North and the Maitland/Dingo intrusive areas(3).
Figure 3



Hole KD902 at approximately 103.52 m, showing disseminated and stringer sulphides. Spot assays of sulphide with pXRF yielded 0.79% Ni and 0.21% Cu.
Figure 4



RC drill rig at the Morto Lago Prospect, in the Karratha District.
Figure 5



Novo geologists logging diamond core at the NRV06 Prospect.

HIGHLIGHTS

  • Diamond drilling at NRV06 successfully intersected zones over several metres of disseminated to stringer style Ni and Cu sulphide (pentlandite and chalcopyrite) in the Andover Intrusion (assays pending), with spot assaying using a pXRF of up to 0.95% Ni and 0.25% Cu.

  • Drilling at the Morto Lago target delivered key intercepts (0.3 g/t Au cut-off) of:

  • 3 m @ 3.35 g/t Au from 9 m in KC329;

  • 4 m @ 6.74 g/t Au from 8 m (4 m composite) in KC365; and

  • 5 m @ 1.73 g/t Au from 15 m including 2 m @ 4.06 g/t Au from 18 m in KC369.

  • Results from drilling at the Milburn FLEM anomaly, interpreted up dip of the Artemis Chapman Prospect1, include:

  • 13 m @ 0.39% Cu, 0.19% Ni and 0.013% Co from 92 m (KC354), including 3 m @ 0.59% Cu, 0.34% Ni and 0.021% Co from 94 m;

  • 18 m @ 0.34% Cu, 0.24% Ni and 0.015% Co from 67 m (KC355), including 6 m @ 0.46% Cu, 0.32% Ni and 0.016% Co from 67 m;

  • 5 m @ 0.65% Cu, 0.40% Ni and 0.02% Co from 12 m (KC356); and

  • 19 m @ 0.35% Cu, 0.18% Ni and 0.012% Co from 60 m (KC360), including 8 m @ 0.48% Cu, 0.24% Ni and 0.014% Co from 70 m.

  • These promising assay results are reported from Novo’s drilling program in the Karratha District, where Novo is exploring for high-grade Au (Cu-Co) adjacent to Artemis Resources Limited’s (“Artemis”) (ASX:ARV) Carlow Castle Au (Cu-Co) discovery (“Carlow Castle”) and Ni-Cu-Co adjacent to Azure Minerals Limited’s (“Azure”) (ASX:AZS) Andover Ni-Cu-Co discovery (“Andover”).

  • Novo is currently conducting downhole EM (“DHEM”) on Ni-Cu-Co targets at the Southcourt, NRV06, and Milburn Prospects.





  • Commenting on the precious and base metal results generated in the Karratha District, Mr. Mike Spreadborough, Novo’s Executive Co-Chairman, Director, and acting Chief Executive Officer said,

    “This set of assays from our widespread drill program in the Karratha District has generated exciting results. We are fortunate to control a dominant landholding in the Pilbara, which comprises a strong pipeline of exploration targets and we are committed to investing in the drill bit as we strive to deliver discovery success and build long-term shareholder value.”

    “The high-grade results from the Morto Lago area and positive results from the Milburn area provide us with a compelling platform to continue our aggressive approach to exploration in 2023. We await the next set of assays from 47k and 48K, Sullam, NRV06, Southcourt and Morto Lago North and will also complete downhole EM surveys which will generate the next set of drill targets.”

    VANCOUVER, British Columbia, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an exploration update on the Company’s drilling program in the Karratha District, located within Novo’s 10,500 sq km Pilbara exploration portfolio (Figure 1).

    Figure 1: Novo’s Pilbara tenements and project location.
    globenewswire.com

    A key focus of Novo’s gold and battery metals exploration strategy2 is the systematic and rapid progression of drilling advanced targets in the Karratha District, particularly within the Purdy’s North area (Figure 2), located adjacent to Azure’s Andover discovery and Artemis’s Carlow Castle discovery.

    Novo has completed a first-pass exploration drilling program in the Karratha District, focused on testing numerous prospects for structurally controlled high-grade Au (Cu-Co) mineralization, and magmatic Ni-Cu-Co mineralization in the Andover Intrusion and associated mafic-ultramafic intrusions. Results referred to in this news release are not necessarily representative of mineralization throughout the Purdy’s North project.

    101 RC drill holes (KC312 to 407) for 12,408 m and 3 diamond drill holes for 556.2 m (KD902 to 904) have been completed. Drilling tested the following key prospects:

  • Au targets at Morto Lago, 47K and 48K; and

  • Ni-Cu-Co targets at Southcourt, NRV06, Milburn and Sullam.

  • Diamond drilling successfully intersected zones over several metres of disseminated to stringer style Ni and Cu sulphides, in ultramafic rocks of the Andover Intrusion at NRV06, with assays pending. Portable XRF assaying (pXRF) indicated that pentlandite and chalcopyrite are present, with spot assays of up to 0.95% Ni and 0.25% Cu.

    Figure 2: Prospect location at Purdy's North and the Maitland/Dingo intrusive areas3.
    globenewswire.com

    Figure 3: Hole KD902 at approximately 103.52 m, showing disseminated and stringer sulphides. Spot assays of sulphide with pXRF yielded 0.79% Ni and 0.21% Cu.
    globenewswire.com

    Drilling at Morto Lago (Figure 2) included sectional traverses at 160 m spacings and holes 40 m apart. Elsewhere, reconnaissance style drilling included single hole tests or a few sections with 1 to 3 drill holes. Nineteen drill holes have been cased with 40 mm poly pipe in order to conduct DHEM with 11 loops planned, in order to test a number of targets for massive to sub-massive Ni sulphide bodies adjacent to holes already drilled. This high-priority geophysical survey is currently in progress.

    Results have been received for drill holes up to KC381, with results pending for a number of areas including 47k and 48K, Sullam, NRV06 and parts of Southcourt and Morto Lago.

    Results from the Morto Lago area include best intercepts (0.3 g/t Au cut-off) of:

  • 3 m @ 3.35 g/t Au from 9 m KC329;

  • 4 m @ 6.74 g/t Au from 8 m (4 m composite) in KC365; and

  • 5 m @ 1.73 g/t Au from 15 m including 2 m @ 4.06 g/t Au from 18 m in KC369

  • The true width of these intercepts is unknown as the target is covered by clay overburden. Refer to Table 1 in Appendix 1 below for a listing of drill results.

    Results from the Milburn FLEM anomaly, interpreted to be the up dip of the Artemis Chapman Prospect1, include:

  • 13 m @ 0.39% Cu, 0.19% Ni and 0.013% Co from 92 m (KC354), including 3 m @ 0.59% Cu, 0.34% Ni and 0.021% Co from 94 m;

  • 18 m @ 0.34% Cu, 0.24% Ni and 0.015% Co from 67 m (KC355), including 6 m @ 0.46% Cu, 0.32% Ni and 0.016% Co from 67 m;

  • 5 m @ 0.65% Cu, 0.40% Ni and 0.02% Co from 12 m (KC356); and

  • 19 m @ 0.35% Cu, 0.18% Ni and 0.012% Co from 60 m (KC360), including 8 m @ 0.48% Cu, 0.24% Ni and 0.014% Co from 70 m.

  • These results are interpreted to be >80% true width. Refer to Table 2 and 3 in Appendix below for a listing of significant drill results.

    True width intersections may reduce for gold targets once geological setting is fully understood, however current widths for nickel-copper targets are predicted to be true widths.

    Figure 4: RC drill rig at the Morto Lago Prospect, in the Karratha District.
    globenewswire.com

    Figure 5: Novo geologists logging diamond core at the NRV06 Prospect.
    globenewswire.com

    ANALYTIC METHODOLOGY

    Drill holes targeting gold

    RC drilling was sampled as either 4 m composite samples using a spear, or if visual parameters such as percentage of quartz veins or sulphide mineralization, or alteration intensity were deemed to warrant, as 1 m cone splits directly off the drill rig. Any 4 m composite samples that contain > 0.1 g/t Au mineralization on receival of results were re-submitted as 1 m cone split samples. Thus, all samples containing gold mineralization in 4 m composites, or any intervals with significant signs of potential mineralization, were assayed as cone splits. All RC chips as 1 to 4 kg samples were sent to Intertek Genalysis (“Intertek”) in Perth, Western Australia with the entire sample smart crushed to -3 mm (NVO02 prep code), with a 500 g split sample analyzed for gold using PhotonAssayTM (PHXR/AU01). QAQC protocols included insertion of a certified blank approximately every 50 samples (2 per hundred 500g coarse blank CRMS) certified standards for PhotonAssayTM Au at approximately every 50 samples and duplicate sampling (split of 4 m composite) at the rate of 4 per hundred. Further to this, Intertek inserts customized Chrysos certified standards at the rate of 2 per hundred.

    Drill holes targeting Ni-Cu-Co

    RC drilling was sampled as either 4 metre composite samples using a spear, or if visual parameters such as sulphide mineralization were deemed to warrant, as 1 m cone splits directly off the drill rig. All RC chips as 1 to 4 kg samples were sent to Intertek in Perth, Western Australia and were crushed and pulverized and assayed for Au, Pt and Pd by four acid digest and 50 g charge fire assay (FA50/MS) and for 48 multielement using four acid digest – MS finish (4A/MS). QAQC protocols included insertion of a certified blank approximately every 25 samples (4 per hundred, 2 of which are 500 g coarse blank CRMS and two of which are 60 g pulverised -80# CRMs), certified standards for Ni, Cu and Co approximately every 25 samples and duplicate sampling (split of 4 m composite) at the rate of 4 per hundred.

    pXRF

    The pXRF assay technique utilized a Niton XL5 handheld XRF machine. The Niton XL5 is calibrated daily, with 4 QAQC standards (fit for purpose including certified Ni, Cu and Co values) run concurrently, with an additional 2 standards checked per 100 readings and 4 QAQC standard assayed before the machine is shut down. pXRF is utilized as a preliminary exploration technique for base metals. Drill core samples are point analysed for 90 seconds using 4 machine filters. The pXRF is a spot reading device and has diminished precision due to grainsize effect, especially on rock samples where peak results represent a window of < 10 mm field of view. The pXRF usage on core as stated in this release, is not representative of the entire interval, rather representative of a small area of certain sulphide minerals or clusters of sulphide minerals and related wall rocks.

    There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by reviewing analytical procedures undertaken by Intertek.

    QP STATEMENT

    Mr. Iain Groves (MAIG), is the qualified person, as defined under NI 43-101, responsible for, and having reviewed and approved, the technical information contained in this news release. Mr. Groves is Novo’s Exploration Manger – West Pilbara.

    ABOUT NOVO

    Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, including the Beatons Creek gold project, along with two joint ventures in the Bendigo region of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

    On Behalf of the Board of Directors,

    Novo Resources Corp.

    Michael Spreadborough

    Michael Spreadborough

    Executive Co-Chairman and Acting CEO

    Forward-looking information

    Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, planned exploration activities across the Purdy’s North project. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s management’s discussion and analysis for the nine-month period ended September 30, 2022, which is available under Novo’s profile on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

    APPENDIX:
    Table 1: Karratha Area – RC and DD drilling data - hole locations.

    HOLE ID

    COORDSYS

    EASTING

    NORTHING

    RL

    AZI GRID

    DIP

    TYPE

    DEPTH

    LEASE

    KC312

    MGA94_50

    509119.5

    7698400.2

    24.0

    180

    -55

    RC

    80

    E47/1745

    KC313

    MGA94_50

    509119.9

    7698799.3

    22.6

    360

    -55

    RC

    84

    E47/1745

    KC314

    MGA94_50

    509120.0

    7698807.8

    22.5

    180

    -55

    RC

    36

    E47/1745

    KC315

    MGA94_50

    509119.4

    7698599.4

    23.2

    180

    -55

    RC

    90

    E47/1745

    KC316

    MGA94_50

    509123.2

    7698639.4

    22.9

    180

    -55

    RC

    118

    E47/1745

    KC317

    MGA94_50

    509119.8

    7698557.0

    23.0

    360

    -55

    RC

    108

    E47/1745

    KC318

    MGA94_50

    509120.1

    7698519.5

    22.8

    360

    -55

    RC

    115

    E47/1745

    KC319

    MGA94_50

    509118.4

    7698598.8

    23.2

    360

    -55

    RC

    108

    E47/1745

    KC320

    MGA94_50

    509118.1

    7698681.8

    22.6

    360

    -55

    RC

    80

    E47/1745

    KC321

    MGA94_50

    509117.5

    7698721.1

    22.7

    360

    -55

    RC

    90

    E47/1745

    KC322

    MGA94_50

    509118.4

    7698762.0

    22.7

    360

    -55

    RC

    72

    E47/1745

    KC323

    MGA94_50

    509118.4

    7698481.0

    23.2

    360

    -55

    RC

    180

    E47/1745

    KC324

    MGA94_50

    509117.9

    7698439.9

    23.3

    360

    -55

    RC

    84

    E47/1745

    KC325

    MGA94_50

    509038.7

    7698600.5

    23.4

    360

    -55

    RC

    78

    E47/1745

    KC326

    MGA94_50

    509038.5

    7698560.5

    23.7

    360

    -55

    RC

    108

    E47/1745

    KC327

    MGA94_50

    509039.7

    7698519.9

    23.5

    360

    -55

    RC

    144

    E47/1745

    KC328

    MGA94_50

    509279.5

    7698720.0

    22.1

    360

    -55

    RC

    84

    E47/1745

    KC329

    MGA94_50

    509279.5

    7698680.3

    22.0

    360

    -55

    RC

    78

    E47/1745

    KC330

    MGA94_50

    509279.5

    7698641.4

    21.9

    360

    -55

    RC

    108

    E47/1745

    KC331

    MGA94_50

    509279.4

    7698597.8

    21.9

    360

    -55

    RC

    162

    E47/1745

    KC332

    MGA94_50

    509440.4

    7698719.8

    21.4

    360

    -55

    RC

    102

    E47/1745

    KC333

    MGA94_50

    509277.1

    7698561.2

    22.0

    360

    -55

    RC

    102

    E47/1745

    KC334

    MGA94_50

    509277.6

    7698511.8

    22.2

    360

    -55

    RC

    150

    E47/1745

    KC335

    MGA94_50

    509440.2

    7698680.0

    21.5

    360

    -55

    RC

    170

    E47/1745

    KC336

    MGA94_50

    509440.3

    7698762.6

    21.3

    360

    -55

    RC

    90

    E47/1745

    KC337

    MGA94_50

    509440.6

    7698801.3

    21.1

    360

    -55

    RC

    95

    E47/1745

    KC338

    MGA94_50

    509439.3

    7698841.4

    20.8

    360

    -55

    RC

    84

    E47/1745

    KC339

    MGA94_50

    509440.1

    7698638.5

    21.3

    360

    -55

    RC

    78

    E47/1745

    KC340

    MGA94_50

    509440.1

    7698599.9

    21.3

    360

    -55

    RC

    78

    E47/1745

    KC341

    MGA94_50

    509441.0

    7698558.7

    21.3

    360

    -55

    RC

    96

    E47/1745

    KC342

    MGA94_50

    509038.7

    7698481.8

    23.4

    360

    -55

    RC

    120

    E47/1745

    KC343

    MGA94_50

    508781.3

    7698826.9

    24.7

    320

    -55

    RC

    96

    E47/1745

    KC344

    MGA94_50

    508799.6

    7698921.0

    23.9

    360

    -55

    RC

    96

    E47/1745

    KC345

    MGA94_50

    508800.4

    7698881.6

    24.2

    360

    -55

    RC

    126

    E47/1745

    KC346

    MGA94_50

    508801.2

    7698841.2

    24.6

    360

    -55

    RC

    138

    E47/1745

    KC347

    MGA94_50

    508959.7

    7698961.8

    23.3

    360

    -55

    RC

    84

    E47/1745

    KC348

    MGA94_50

    508960.1

    7698920.9

    23.2

    360

    -55

    RC

    126

    E47/1745

    KC349

    MGA94_50

    508958.0

    7698878.7

    23.2

    360

    -55

    RC

    150

    E47/1745

    KC350

    MGA94_50

    508961.0

    7698921.1

    23.2

    180

    -55

    RC

    48

    E47/1745

    KC351

    MGA94_50

    508983.1

    7698406.2

    24.6

    70

    -55

    RC

    102

    E47/1745

    KC352

    MGA94_50

    508944.2

    7698390.5

    24.9

    70

    -55

    RC

    120

    E47/1745

    KC353

    MGA94_50

    508824.2

    7698351.2

    26.8

    70

    -55

    RC

    163

    E47/1745

    KC354

    MGA94_50

    508861.4

    7698292.5

    28.3

    70

    -55

    RC

    162

    E47/1745

    KC355

    MGA94_50

    508861.7

    7698184.7

    27.1

    70

    -55

    RC

    132

    E47/1745

    KC356

    MGA94_50

    508971.3

    7698213.4

    25.0

    70

    -55

    RC

    60

    E47/1745

    KC357

    MGA94_50

    509003.4

    7698223.6

    24.6

    70

    -55

    RC

    132

    E47/1745

    KC358

    MGA94_50

    509038.1

    7698059.8

    25.5

    70

    -55

    RC

    126

    E47/1745

    KC359

    MGA94_50

    509075.4

    7698081.3

    24.9

    70

    -55

    RC

    96

    E47/1745

    KC360

    MGA94_50

    508883.9

    7698209.8

    28.4

    70

    -55

    RC

    114

    E47/1745

    KC361

    MGA94_50

    509018.4

    7697876.8

    24.9

    145

    -55

    RC

    120

    E47/1745

    KC362

    MGA94_50

    509062.3

    7697807.5

    24.4

    145

    -55

    RC

    78

    E47/1745

    KC363

    MGA94_50

    509017.7

    7697878.1

    24.9

    325

    -55

    RC

    174

    E47/1745

    KC364

    MGA94_50

    508991.4

    7698042.7

    25.3

    70

    -55

    RC

    126

    E47/1745

    KC365

    MGA94_50

    508798.2

    7698963.4

    23.3

    360

    -55

    RC

    108

    E47/1745

    KC366

    MGA94_50

    508996.0

    7698915.8

    23.2

    270

    -55

    RC

    150

    E47/1745

    KC367

    MGA94_50

    509120.8

    7698960.1

    22.2

    360

    -55

    RC

    96

    E47/1745

    KC368

    MGA94_50

    509119.9

    7698922.1

    22.6

    360

    -55

    RC

    90

    E47/1745

    KC369

    MGA94_50

    509120.0

    7698880.0

    22.6

    360

    -55

    RC

    72

    E47/1745

    KC370

    MGA94_50

    509120.0

    7698840.1

    22.5

    360

    -55

    RC

    84

    E47/1745

    KC371

    MGA94_50

    508361.4

    7694962.7

    52.9

    180

    -55

    RC

    186

    E47/1745

    KC372

    MGA94_50

    508874.2

    7695032.6

    47.8

    270

    -55

    RC

    138

    E47/1745

    KC373

    MGA94_50

    508805.7

    7694810.4

    51.3

    110

    -55

    RC

    180

    E47/1745

    KC374

    MGA94_50

    486654.2

    7673820.8

    69.3

    239

    -60

    RC

    126

    E47/3443

    KC375

    MGA94_50

    486730.6

    7673778.0

    69.4

    239

    -60

    RC

    150

    E47/3443

    KC376

    MGA94_50

    486680.0

    7673933.0

    69.2

    240

    -55

    RC

    144

    E47/3443

    KC377

    MGA94_50

    509294.7

    7695000.2

    49.6

    175

    -50

    RC

    270

    E47/1745

    KC378

    MGA94_50

    507460.4

    7695044.8

    52.5

    345

    -55

    RC

    150

    E47/1745

    KC379

    MGA94_50

    507480.0

    7694997.6

    53.6

    345

    -55

    RC

    258

    E47/1745

    KC380

    MGA94_50

    507526.5

    7694972.9

    53.3

    195

    -55

    RC

    228

    E47/1745

    KC381

    MGA94_50

    509218.5

    7695030.3

    51.5

    209

    -50

    RC

    324

    E47/1745

    KC382

    MGA94_50

    508796.2

    7694801.9

    51.6

    180

    -55

    RC

    336

    E47/1745

    KC383

    MGA94_50

    508565.1

    7694948.0

    51.7

    150

    -55

    RC

    336

    E47/1745

    KC384

    MGA94_50

    491903.6

    7676161.3

    87.1

    325

    -55

    RC

    60

    E47/3443

    KC385

    MGA94_50

    491915.1

    7676143.8

    87.3

    325

    -55

    RC

    186

    E47/3443

    KC386

    MGA94_50

    491930.3

    7676121.7

    87.2

    325

    -55

    RC

    138

    E47/3443

    KC387

    MGA94_50

    491941.2

    7676094.9

    86.7

    325

    -55

    RC

    198

    E47/3443

    KC388

    MGA94_50

    491795.7

    7676315.6

    92.9

    60

    -55

    RC

    252

    E47/3443

    KC389

    MGA94_50

    491973.0

    7676711.9

    96.9

    155

    -55

    RC

    60

    E47/3443

    KC390

    MGA94_50

    492019.2

    7676656.1

    96.9

    330

    -55

    RC

    198

    E47/3443

    KC391

    MGA94_50

    492002.5

    7676679.4

    96.8

    330

    -50

    RC

    78

    E47/3443

    KC392

    MGA94_50

    491407.2

    7676346.4

    97.2

    150

    -50

    RC

    78

    E47/3443

    KC393

    MGA94_50

    492064.8

    7674733.7

    87.1

    325

    -55

    RC

    78

    E47/3443

    KC394

    MGA94_50

    492075.2

    7674695.5

    87.7

    325

    -55

    RC

    150

    E47/3443

    KC395

    MGA94_50

    491990.6

    7674696.4

    90.6

    330

    -55

    RC

    78

    E47/3443

    KC396

    MGA94_50

    501718.9

    7676317.2

    87.7

    300

    -55

    RC

    66

    P47/1847

    KC397

    MGA94_50

    501717.8

    7676317.8

    87.7

    300

    -70

    RC

    318

    P47/1847

    KC398

    MGA94_50

    501665.2

    7676190.9

    81.4

    300

    -70

    RC

    318

    P47/1847

    KD901A

    MGA94_50

    507391.7

    7695360.2

    76.1

    298

    -50

    RC

    3

    E47/1745

    KD901

    MGA94_50

    507391.7

    7695360.2

    76.1

    298

    -50

    RC

    122

    E47/1745

    KD902

    MGA94_50

    507550.0

    7695342.2

    73.3

    170

    -50

    RCDD

    316

    E47/1745

    KC399

    MGA94_50

    509280.6

    7698960.2

    22.3

    360

    -55

    RC

    78

    E47/1745

    KC400

    MGA94_50

    509279.9

    7698922.3

    21.6

    360

    -55

    RC

    78

    E47/1745

    KC401

    MGA94_50

    509280.6

    7698879.2

    21.3

    360

    -55

    RC

    78

    E47/1745

    KC402

    MGA94_50

    509280.8

    7698838.3

    22.0

    360

    -55

    RC

    78

    E47/1745

    KC403

    MGA94_50

    509280.8

    7698801.2

    22.0

    360

    -55

    RC

    78

    E47/1745

    KC404

    MGA94_50

    509280.2

    7698759.5

    22.1

    360

    -55

    RC

    42

    E47/1745

    KD903

    MGA94_50

    507533.4

    7695464.8

    59.4

    170

    -50

    RCDD

    198.1

    E47/1745

    KC405

    MGA94_50

    509760.4

    7698883.0

    21.2

    360

    -55

    RC

    72

    E47/1745

    KC406

    MGA94_50

    509760.3

    7698839.6

    21.0

    360

    -55

    RC

    78

    E47/1745

    KC407

    MGA94_50

    509763.2

    7698800.1

    20.1

    360

    -55

    RC

    78

    E47/1745

    KD904

    MGA94_50

    507517.8

    7695523.1

    57.9

    315

    -50

    RCDD

    242.1

    E47/1745


    Table 2: Karratha Area – Significant RC Au assay results >0.1 g/t Au, carried up to 2 m internal dilution

    Hole Id

    From m

    To m

    method

    Au ppm

    Co ppm

    Cu ppm

    Ni ppm

    Zn ppm

    Width

    gram metres

    KC317

    28

    33

    CONE

    0.242









    5

    1

    KC317

    65

    66

    CONE

    0.28









    1

    0

    KC318

    76

    80

    COMP

    0.73









    4

    3

    KC321

    66

    70

    COMP

    0.1









    4

    0

    KC323

    5

    6

    CONE

    1.01









    1

    1

    KC323

    18

    22

    COMP

    0.17









    4

    1

    KC323

    42

    46

    COMP

    0.37









    4

    1

    KC323

    164

    165

    CONE

    0.27









    1

    0

    KC324

    27

    28

    CONE

    0.14









    1

    0

    KC327

    15

    16

    CONE

    0.31









    1

    0

    KC329

    9

    13

    CONE

    2.56









    4

    10

    KC329

    17

    18

    CONE

    0.16









    1

    0

    KC330

    72

    75

    CONE

    0.253









    3

    1

    KC331

    82

    83

    CONE

    0.12









    1

    0

    KC331

    95

    97

    CONE

    0.67









    2

    1

    KC331

    146

    148

    CONE

    0.425









    2

    1

    KC333

    7

    8

    CONE

    1.39









    1

    1

    KC333

    31

    32

    CONE

    0.27









    1

    0

    KC333

    39

    41

    CONE

    0.205









    2

    0

    KC333

    59

    61

    CONE

    2









    2

    4

    KC333

    74

    78

    CONE

    0.453









    4

    2

    KC335

    90

    93

    CONE

    0.2









    3

    1

    KC335

    147

    150

    CONE

    0.37









    3

    1

    KC336

    40

    41

    CONE

    0.201

    17

    18

    10

    95

    1

    0

    KC338

    1

    4

    COMP

    0.127









    3

    0

    KC339

    48

    56

    COMP

    0.537









    8

    4

    KC340

    72

    76

    COMP

    0.185









    4

    1

    KC342

    22

    27

    CONE

    0.176









    5

    1

    KC342

    52

    56

    COMP

    0.147









    4

    1

    KC342

    68

    72

    CONE

    0.524









    4

    2

    KC343

    54

    58

    COMP

    0.291









    4

    1

    KC344

    72

    73

    CONE

    0.104

    21

    2127

    8

    60

    1

    0

    KC344

    74

    75

    CONE

    0.103

    15

    1544

    10

    51

    1

    0

    KC344

    86

    90

    CONE

    0.717

    25

    1992

    12

    112

    4

    3

    KC345

    90

    91

    CONE

    0.183

    34

    6761

    6

    272

    1

    0

    KC345

    94

    95

    CONE

    0.118

    20

    2442

    5

    132

    1

    0

    KC345

    97

    105

    CONE

    0.133

    19

    2167

    9

    103

    8

    1

    KC345

    115

    120

    CONE

    0.263

    35

    1747

    29

    45

    5

    1

    KC347

    59

    60

    CONE

    0.42

    47

    1367

    162

    133

    1

    0

    KC348

    50

    54

    COMP

    0.26









    4

    1

    KC349

    82

    84

    CONE

    0.415

    9

    2867

    7

    103

    2

    1

    KC349

    134

    135

    CONE

    0.11

    25

    151

    5

    10

    1

    0

    KC349

    136

    137

    CONE

    0.128

    148

    914

    24

    27

    1

    0

    KC349

    144

    145

    CONE

    0.119

    11

    142

    6

    36

    1

    0

    KC351

    23

    24

    CONE

    0.108

    50

    4760

    286

    52

    1

    0

    KC351

    30

    31

    CONE

    0.137

    26

    1745

    95

    43

    1

    0

    KC351

    53

    54

    CONE

    0.251

    45

    88

    174

    110

    1

    0

    KC352

    44

    45

    CONE

    0.114

    27

    3237

    191

    47

    1

    0

    KC352

    96

    100

    COMP

    0.102

    51

    88

    128

    110

    4

    0

    KC354

    73

    74

    CONE

    0.222

    61

    1345

    1028

    83

    1

    0

    KC354

    105

    106

    CONE

    0.265

    147

    5232

    1617

    87

    1

    0

    KC354

    129

    130

    CONE

    0.399

    14

    57

    6

    51

    1

    0

    KC358

    12

    15

    CONE

    0.103

    158

    2310

    1942

    105

    3

    0

    KC358

    74

    75

    CONE

    0.123

    31

    804

    51

    84

    1

    0

    KC363

    20

    24

    COMP

    0.164

    325

    8757

    0

    2388

    4

    1

    KC364

    34

    36

    COMP

    0.251

    254

    1113

    2153

    94

    2

    1

    KC365

    8

    16

    COMP

    3.463









    8

    28

    KC365

    42

    49

    CONE

    0.101









    7

    1

    KC365

    55

    62

    CONE

    0.128









    7

    1

    KC365

    68

    73

    CONE

    0.126









    5

    1

    KC366

    0

    4

    COMP

    0.795









    4

    3

    KC367

    18

    22

    COMP

    0.305









    4

    1

    KC367

    42

    43

    CONE

    0.255









    1

    0

    KC368

    58

    59

    CONE

    0.105









    1

    0

    KC369

    8

    12

    COMP

    0.683









    4

    3

    KC369

    15

    20

    CONE

    1.735









    5

    9

    KC369

    30

    31

    CONE

    0.23









    1

    0

    KC369

    49

    50

    CONE

    0.106









    1

    0

    KC381

    216

    220

    COMP

    0.288

    129

    54

    1557

    80

    4

    1


    Table 3: Karratha Area – Significant RC Au assay results >1000 ppm Cu carried up to 2 m internal dilution

    Hole Id

    From m

    To m

    method

    Cu ppm

    Ni ppm

    Co ppm

    Au ppm

    Ag ppm

    Width

    KC360

    60

    79

    CONE

    3489

    1829

    121

    0.016

    2.1

    19

    KC355

    67

    87

    CONE

    3264

    2278

    142

    0.019

    2.0

    20

    KC358

    5

    32

    CONE

    2224

    1914

    133

    0.035

    1.1

    27

    KC354

    92

    109

    CONE

    3322

    1542

    110

    0.034

    1.8

    17

    KC356

    4

    17

    COMP

    3476

    2213

    129

    0.014

    1.9

    13

    KC359

    0

    16

    COMP

    2744

    1486

    105

    0.03

    1.0

    16

    KC363

    20

    24

    COMP

    8757

    0

    325

    0.164

    9.7

    4

    KC364

    62

    72

    CONE

    2161

    2023

    120

    0.014

    1.1

    10

    KC351

    21

    31

    CONE

    2115

    165

    33

    0.056

    1.4

    10

    KC364

    30

    46

    COMP

    1311

    1646

    140

    0.053

    0.7

    16

    KC345

    97

    105

    CONE

    2167

    9

    19

    0.133

    2.4

    8

    KC358

    45

    50

    CONE

    3071

    2375

    115

    0.021

    1.4

    5

    KC345

    90

    95

    CONE

    2810

    5

    33

    0.089

    4.5

    5

    KC352

    42

    46

    CONE

    2724

    155

    27

    0.065

    2.2

    4

    KC344

    70

    76

    CONE

    1719

    10

    20

    0.073

    1.6

    6

    KC353

    126

    127

    CONE

    10229

    185

    46

    0.081

    7.5

    1

    KC353

    104

    109

    CONE

    2003

    1403

    114

    0.017

    0.7

    5

    KC345

    115

    120

    CONE

    1747

    29

    35

    0.263

    1.6

    5

    KC344

    88

    89

    CONE

    7088

    15

    34

    0.999

    4.0

    1

    KC360

    52

    56

    COMP

    1739

    903

    82

    0.004

    1.0

    4

    KC361

    10

    15

    CONE

    1328

    2095

    146

    0.006

    0.2

    5

    KC349

    82

    84

    CONE

    2867

    7

    9

    0.415

    3.0

    2

    KC352

    37

    38

    CONE

    2421

    1513

    142

    0.012

    1.0

    1

    KC353

    94

    95

    CONE

    1673

    1260

    70

    0.01

    0.7

    1

    KC359

    37

    38

    CONE

    1431

    844

    65

    0.008

    0.6

    1

    KC347

    59

    60

    CONE

    1367

    162

    47

    0.42

    12.5

    1

    KC354

    73

    74

    CONE

    1345

    1028

    61

    0.222

    0.4

    1

    KC352

    73

    74

    CONE

    1330

    209

    60

    0.031

    1.2

    1

    KC353

    91

    92

    CONE

    1226

    1400

    113

    0.007

    0.5

    1

    KC363

    51

    52

    CONE

    1106

    1098

    111

    0.006

    0.8

    1

    KC353

    89

    90

    CONE

    1106

    310

    53

    0.01

    0.4

    1

    KC345

    84

    85

    CONE

    1100

    17

    18

    0.025

    1.0

    1

    KC352

    19

    20

    CONE

    1048

    1035

    62

    0.013

    0.1

    1


    _______________________________________________________

    1 Refer to Artemis’ public disclosure record
    2 Refer to the Company’s news release dated August 2, 2022.
    3 Refer to Artemis’ and Azure’s public disclosure records.