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Kasiya Resource Infill Drilling Results

30 Jan 2023 08:07

RNS Number : 2293O
Sovereign Metals Limited
30 January 2023
 

SOVEREIGN METALS LIMITED

 

NEWS RELEASE I 30 JANUARY 2023

KASIYA RESOURCE INFILL DRILLING RESULTS

· Drilling results from the Company's targeted deep infill air-core (AC) and push tube (PT) core drilling program confirms consistency of high-grade rutile and graphite mineralisation at depth

· AC results include:

- 31m @ 1.14% rutile & 1.9% graphite

- 27m @ 1.08% rutile & 2.1% graphite

- 29m @ 1.14% rutile & 1.7% graphite

- 24m @ 1.14% rutile & 1.8% graphite

- 21m @ 1.28% rutile & 1.9% graphite

- 25m @ 1.18% rutile & 2.0% graphite

- 25m @ 1.08% rutile & 5.2% graphite

- 26m @ 1.16% rutile & 1.5% graphite

- 26m @ 1.07% rutile & 1.4% graphite

- 24m @ 1.13% rutile & 4.0% graphite

· Infill core PT drilling of numerous Inferred category pits and potential pit extensions is expected to add new blocks of Indicated material to the upcoming Mineral Resource Estimate (MRE) update targeted for Q1 2023

· Kasiya's pre-feasibility study (PFS) and Environmental and Social baseline workstreams are progressing on schedule with the targeted completion of the PFS during H1 2023

 

Sovereign Metals Limited (ASX:SVM; AIM:SVML) (Sovereign or the Company) is pleased to report further results for 98 AC holes and 247 PT holes from the Kasiya Rutile Project (Kasiya), the world's largest rutile deposit.

Sovereign's Managing Director Dr Julian Stephens commented: "We are pleased with the consistency of the high-grade rutile results from the 2022 Kasiya infill resource drilling program. These results will all now feed into a revised resource estimate planned for Q1 2023 as part of the Company's forthcoming PFS".

 

ENQUIRIES

Dr Julian Stephens (Perth)Managing Director

+61(8) 9322 6322

Sam Cordin (Perth)+61(8) 9322 6322

Sapan Ghai (London)+44 207 478 3900

 

 

Nominated Adviser on AIM

 

RFC Ambrian

 

Bhavesh Patel / Andrew Thomson

+44 20 3440 6800

 

 

Joint Brokers

 

Berenberg

+44 20 3207 7800

Matthew Armitt

 

Jennifer Lee

 

 

 

Optiva Securities

+44 20 3137 1902

Daniel Ingram

 

Mariela Jaho

 

Christian Dennis

 

 

KASIYA AIR CORE DRILLING

A 191-hole AC drilling program was completed at the Kasiya rutile deposit. The final batch of the remaining 98 AC holes for 2,548m are reported in this announcement.

This drilling phase targeted the early-scheduled mining pit shells in the southern and central areas of the MRE footprint. As previously reported (ASX Announcement released 26 October 2022) the drilling has revealed that rutile and graphite mineralisation is commonly pervasive throughout the saprolite zone and beyond the base of the current modelled pit shells. However, it is not expected the revised MRE incorporating these results will materially impact the mine plan to be included in the PFS.

 

KASIYA PUSH TUBE CORE DRILLING

Results for the 247-hole PT (core) drilling program are reported in this announcement. The core program objectives were to target high grade Inferred mining pits and potential areas of pit extensions to bring into the Indicated category to facilitate conversion to Ore Reserves in the upcoming PFS. Overall, results are as expected and continue to confirm laterally extensive and consistent rutile and graphite mineralisation at Kasiya.

PT results include:

- 11m @ 1.70% inc. 3m @ 2.13% rutile

- 12m @ 1.36% inc. 7m @ 1.63% rutile

- 11m @ 1.27% inc. 9m @ 1.40% rutile

- 7m @ 1.67% inc. 6m @ 1.79% rutile

- 11m @ 1.20% inc. 4m @ 1.72% rutile

- 9m @ 1.28% inc. 4m @ 1.68% rutile

- 13m @ 1.19% inc. 1m @ 2.29% rutile

- 13m @ 1.26% inc. 9m @ 1.45% rutile

- 14m @ 1.15% inc. 2m @ 2.02% rutile

- 15m @ 1.03% inc. 2m @ 2.16% rutile

- 11m @ 1.11% inc. 6m @ 1.43% rutile

- 14m @ 1.11% inc. 2m @ 1.84% rutile

On completion of the PFS resource drilling programs the rigs continued to execute additional PFS work programs including water bore exploration drilling, water monitoring holes, geotechnical drilling of the water dam wall, geotechnical mining pit hole drilling and community borehole drilling until November 2022.

Four "deep" stratigraphic geology holes were also completed to benefit the geological interpretation of the mineralisation at Kasiya. Drilling and logging revealed, as expected, Kasiya is underlain by a rutile and graphite rich paragneiss parent host rock.

These stratigraphic holes were suitable as pit geotechnical test work holes where standard penetration testing was completed and as observation water bores which will be monitored over the coming years. The Company was also able to drill new community water bores as well as refurbish several existing ones.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Samuel Moyle, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy (AusIMM). Mr Moyle is the Exploration Manager of Sovereign Metals Limited and a holder of ordinary shares and unlisted performance rights in Sovereign Metals Limited. Mr Moyle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Moyle consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to the Mineral Resource Estimate is extracted from the announcement dated 5 April 2022. The announcement is available to view on www.sovereignmetals.com.au. Sovereign confirms that a) it is not aware of any new information or data that materially affects the information included in the announcement; b) all material assumptions included in the announcement continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons' findings are presented in this report have not been materially changed from the announcement.

Table 1: Kasiya Mineral Resource Estimate at 0.7% Rutile Cut-off

 

 

Mineral Resource Category

Material Tonnes (millions)

Rutile(%)

Rutile Tonnes (millions)

Total Contained Graphite (TGC) (%)

TGC Tonnes (millions)

RutEq. Grade* (%)

Indicated

662

1.05%

6.9

1.43%

9.5

1.76%

Inferred

1,113

0.99%

11.0

1.26%

14.0

1.61%

Total

1,775

1.01%

18.0

1.32%

23.4

1.67%

* RutEq. Formula: Rutile Grade x Recovery (98%) x Rutile Price (US$1,308/t) + Graphite Grade x Recovery (62%) x Graphite Price (US$1,085/t) / Rutile Price (US$1,308/t). All assumptions are taken from this Study ** Any minor summation inconsistencies are due to rounding

Qualified Person

Data disclosed in this press release have been reviewed and verified by Sovereign's Qualified Person, Dr Julian Stephens (B.Sc (Hons), PhD, MAIG), Managing Director, for the purposes of the AIM Rules for Companies.

Forward Looking Statement

This release may include forward-looking statements, which may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These forward-looking statements are based on Sovereign's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.

To view the announcement in full, including all illustrations and figures, please refer to the announcement at http://sovereignmetals.com.au/announcements/

Appendix I - DRILL RESULTS - Table 2

Rutile and graphite drilling results from Kasiya are shown below in Table 2.

Hole ID

Interval Thickness

Rutile %

TGC %

From (m) Downhole

Hole Type

KYAC0094

22.0

0.98

2.1

0.0

AC

incl

15.0

1.07

2.5

5.0

KYAC0095

10.0

0.76

2.0

0.0

AC

KYAC0096

NSR

AC

KYAC0097

20.0

0.81

1.7

0.0

AC

incl

5.0

1.53

0.6

2.0

KYAC0098

32.0

0.92

2.0

0.0

AC

incl

2.0

1.83

0.8

0.0

KYAC0099

20.0

0.94

1.3

0.0

AC

incl

6.0

1.09

0.4

0.0

KYAC0100

27.0

1.02

1.6

0.0

AC

incl

2.0

2.35

0.5

0.0

KYAC0101

20.0

0.90

1.4

0.0

AC

incl

4.0

1.63

0.5

0.0

KYAC0102

27.0

0.99

2.0

0.0

AC

incl

16.0

1.09

2.1

0.0

KYAC0103

27.0

1.08

2.1

0.0

AC TWIN

incl

16.0

1.11

2.1

0.0

KYAC0104

25.0

0.80

1.9

0.0

AC

incl

2.0

1.89

0.3

0.0

KYAC0105

25.0

0.93

1.6

0.0

AC

incl

2.0

1.85

0.3

0.0

KYAC0106

24.0

1.07

1.9

0.0

AC

incl

20.0

1.15

1.9

0.0

KYAC0107

17.0

0.93

1.7

0.0

AC

incl

2.0

1.85

0.6

0.0

KYAC0108

4.0

0.86

0.4

0.0

AC

KYAC0109

21.0

0.81

1.9

0.0

AC

incl

2.0

2.10

0.2

0.0

KYAC0110

26.0

0.82

2.1

0.0

AC

incl

4.0

1.28

0.2

0.0

KYAC0111

28.0

0.90

2.9

0.0

AC

incl

4.0

1.59

0.5

0.0

KYAC0112

24.0

1.01

1.6

0.0

AC

incl

12.0

1.27

1.6

0.0

KYAC0113

18.0

1.29

1.6

0.0

AC

KYAC0114

14.0

1.02

2.5

0.0

AC

incl

2.0

1.84

0.2

0.0

KYAC0115

31.0

1.14

1.9

0.0

AC

incl

4.0

1.67

0.4

0.0

incl

10.0

1.25

2.2

19.0

KYAC0116

24.0

0.92

1.6

0.0

AC

incl

8.0

1.08

2.2

8.0

KYAC0117

14.0

0.98

1.7

0.0

AC

incl

2.0

2.31

0.3

0.0

KYAC0118

22.0

1.13

1.8

0.0

AC

incl

9.0

1.17

2.2

10.0

KYAC0119

26.0

0.76

1.6

0.0

AC

KYAC0120

21.0

1.00

1.1

0.0

AC

incl

2.0

2.28

0.4

0.0

KYAC0121

24.0

1.09

2.1

0.0

AC

incl

3.0

1.65

0.2

0.0

KYAC0122

29.0

1.14

1.7

0.0

AC

incl

21.0

1.25

1.6

0.0

KYAC0123

29.0

1.16

1.8

0.0

AC TWIN

incl

4.0

1.72

0.5

0.0

KYAC0124

23.0

1.03

1.2

0.0

AC

incl

4.0

1.63

0.1

0.0

KYAC0125

23.0

0.95

2.0

0.0

AC

incl

6.0

1.20

2.5

4.0

KYAC0126

27.0

0.73

1.1

0.0

AC

incl

4.0

1.14

1.7

6.0

KYAC0127

17.0

0.91

1.2

0.0

AC

incl

2.0

2.18

0.2

0.0

KYAC0128

21.0

1.00

1.7

0.0

AC

incl

11.0

1.10

2.2

6.0

KYAC0129

4.0

1.14

0.2

0.0

AC

incl

2.0

1.52

0.2

0.0

KYAC0130

24.0

0.98

1.5

0.0

AC

incl

2.0

2.12

0.3

0.0

KYAC0131

34.0

0.86

1.8

0.0

AC

incl

3.0

2.06

0.3

0.0

KYAC0132

32.0

0.73

1.7

0.0

AC

incl

6.0

1.06

2.4

6.0

KYAC0133

33.0

0.81

1.9

0.0

AC

incl

2.0

1.40

0.2

0.0

KYAC0134

24.0

0.84

3.1

0.0

AC

incl

2.0

1.48

0.3

0.0

KYAC0135

2.0

2.44

0.2

0.0

AC

KYAC0136

19.0

0.90

2.4

0.0

AC

incl

2.0

1.03

0.2

0.0

KYAC0137

23.0

1.05

1.9

0.0

AC

incl

3.0

1.90

0.2

0.0

KYAC0138

15.0

1.01

1.5

0.0

AC

incl

3.0

1.32

0.2

0.0

KYAC0139

25.0

1.18

2.0

0.0

AC

incl

15.0

1.27

1.9

0.0

KYAC0140

25.0

0.93

1.6

0.0

AC

incl

5.0

1.41

1.2

0.0

KYAC0141

23.0

0.94

1.7

0.0

AC

incl

2.0

1.96

0.3

0.0

KYAC0142

23.0

1.03

2.2

0.0

AC

incl

6.0

1.51

1.0

0.0

KYAC0143

23.0

0.99

2.2

0.0

AC TWIN

incl

4.0

1.87

0.5

0.0

KYAC0144

24.0

1.14

1.8

0.0

AC

incl

14.0

1.37

1.5

0.0

KYAC0145

20.0

1.25

2.1

0.0

AC

incl

10.0

1.50

0.9

0.0

incl

18.0

1.29

2.0

0.0

KYAC0146

25.0

0.92

2.5

0.0

AC

incl

2.0

1.38

0.4

0.0

KYAC0147

20.0

0.85

1.6

0.0

AC

incl

2.0

1.37

0.4

0.0

KYAC0148

20.0

1.08

1.7

0.0

AC

incl

4.0

1.81

0.3

0.0

KYAC0149

24.0

0.97

2.3

0.0

AC

incl

4.0

1.58

0.3

0.0

KYAC0150

16.0

0.96

1.7

0.0

AC

incl

2.0

1.05

0.3

0.0

KYAC0151

22.0

0.82

2.3

0.0

AC

incl

2.0

1.14

0.4

0.0

KYAC0152

27.0

1.01

2.0

0.0

AC

incl

4.0

1.56

0.4

0.0

KYAC0153

21.0

1.28

1.9

0.0

AC

incl

17.0

1.40

1.6

0.0

KYAC0154

19.0

1.19

1.6

0.0

AC

incl

5.0

2.00

0.4

0.0

KYAC0155

24.0

1.13

4.0

0.0

AC

incl

4.0

1.71

1.4

0.0

KYAC0156

22.0

1.09

1.7

0.0

AC

incl

2.0

2.25

0.2

0.0

KYAC0157

26.0

1.07

1.4

0.0

AC

incl

4.0

1.93

0.2

0.0

KYAC0158

6.0

0.95

0.3

0.0

AC

incl

2.0

1.54

0.2

0.0

KYAC0159

21.0

1.06

1.5

0.0

AC

incl

2.0

1.53

0.2

0.0

KYAC0160

33.0

0.80

1.5

0.0

AC

incl

2.0

1.67

0.3

0.0

KYAC0161

28.0

0.86

2.5

0.0

AC

incl

2.0

2.22

0.3

0.0

KYAC0162

5.0

1.29

0.1

0.0

AC

incl

2.0

1.97

0.0

0.0

KYAC0163

5.0

1.16

0.3

0.0

AC TWIN

incl

3.0

1.42

0.3

0.0

KYAC0164

20.0

1.07

2.3

0.0

AC

incl

4.0

1.78

0.4

0.0

KYAC0165

26.0

1.16

1.5

0.0

AC

incl

6.0

1.73

0.6

0.0

incl

20.0

1.27

1.5

0.0

KYAC0166

25.0

1.14

1.6

0.0

AC

incl

5.0

1.73

0.2

0.0

KYAC0167

23.0

1.15

2.0

0.0

AC

incl

13.0

1.43

1.4

0.0

KYAC0168

21.0

1.04

1.5

0.0

AC

incl

3.0

1.83

0.2

0.0

KYAC0169

18.0

0.99

1.3

0.0

AC

incl

2.0

2.26

0.3

0.0

KYAC0170

26.0

0.67

1.1

0.0

AC

incl

2.0

1.01

2.0

14.0

KYAC0171

28.0

0.95

1.4

0.0

AC

incl

2.0

1.86

0.3

0.0

KYAC0172

17.0

0.81

1.7

0.0

AC

incl

1.0

1.46

0.3

0.0

KYAC0173

23.0

0.82

1.3

0.0

AC

KYAC0174

3.0

0.76

0.8

0.0

AC

KYAC0175

17.0

0.92

4.9

0.0

AC

incl

3.0

1.61

0.6

0.0

KYAC0176

23.0

0.99

6.4

0.0

AC

incl

11.0

1.19

6.1

0.0

KYAC0177

14.0

2.23

9.6

0.0

AC

incl

8.0

2.27

13.9

6.0

KYAC0178

20.0

1.07

3.4

0.0

AC

incl

6.0

1.43

1.7

0.0

KYAC0179

22.0

1.05

5.2

0.0

AC

incl

6.0

1.56

3.3

0.0

KYAC0180

13.0

1.06

5.4

0.0

AC

incl

5.0

1.43

3.2

0.0

KYAC0181

26.0

0.91

5.0

0.0

AC

incl

4.0

1.57

1.0

0.0

KYAC0182

11.0

0.91

2.2

0.0

AC

incl

2.0

1.56

0.7

0.0

KYAC0183

15.0

0.84

3.0

0.0

AC TWIN

incl

2.0

1.24

0.0

0.0

KYAC0184

4.0

0.83

0.2

0.0

AC

incl

2.0

1.06

0.0

0.0

KYAC0185

4.0

0.97

0.3

0.0

AC

incl

2.0

1.08

0.2

0.0

KYAC0186

27.0

1.02

3.5

0.0

AC

incl

12.0

1.20

4.6

0.0

KYAC0187

25.0

0.95

4.1

0.0

AC

incl

5.0

1.39

2.4

0.0

KYAC0188

9.0

0.90

0.4

0.0

AC

incl

4.0

1.15

0.3

0.0

KYAC0189

21.0

1.08

4.6

0.0

AC

incl

12.0

1.34

4.2

0.0

KYAC0190

16.0

1.01

3.9

0.0

AC

incl

5.0

1.47

2.1

0.0

KYAC0191

25.0

1.08

5.2

0.0

AC

incl

5.0

1.88

1.2

0.0

KYPT0222

6.0

1.33

0.3

0.0

PT

incl

2.0

2.30

0.3

0.0

KYPT0223

7.0

1.06

0.1

0.0

PT

incl

2.0

2.07

0.2

0.0

KYPT0224

6.0

1.34

0.7

0.0

PT

incl

3.0

1.75

0.4

0.0

KYPT0225

3.0

1.28

0.0

0.0

PT

KYPT0226

2.0

0.82

0.1

0.0

PT

incl

0.5

1.58

0.0

0.0

KYPT0227

4.0

1.51

0.3

0.0

PT

incl

3.0

1.77

0.3

0.0

KYPT0228

6.0

1.24

0.4

0.0

PT

incl

2.0

1.98

0.2

0.0

KYPT0229

11.0

1.02

2.4

0.0

PT

incl

2.0

1.74

0.6

0.0

KYPT0230

7.0

0.93

0.6

0.0

PT

incl

1.0

2.02

0.3

0.0

KYPT0231

8.0

0.98

0.4

0.0

PT

incl

4.0

1.39

0.2

0.0

KYPT0232

2.0

1.02

0.2

0.0

PT

KYPT0233

11.0

1.70

1.4

0.0

PT

incl

3.0

2.13

0.3

0.0

KYPT0234

9.0

1.16

0.7

0.0

PT

incl

4.0

1.74

0.2

0.0

KYPT0235

7.0

1.67

0.5

0.0

PT

incl

6.0

1.79

0.4

0.0

KYPT0236

2.0

2.16

0.2

0.0

PT

KYPT0237

1.0

1.21

0.2

0.0

PT

KYPT0238

3.0

1.49

0.8

0.0

PT

incl

2.0

1.80

0.6

0.0

KYPT0239

5.0

1.11

0.5

0.0

PT

incl

1.0

2.50

0.2

0.0

KYPT0240

1.0

1.72

0.4

0.0

PT

KYPT0241

2.0

1.30

0.1

0.0

PT

incl

1.0

1.71

0.0

0.0

KYPT0242

10.0

0.92

1.2

0.0

PT

incl

1.0

2.32

0.0

0.0

KYPT0243

0.4

1.04

3.8

0.0

PT

KYPT0244

3.0

0.63

0.0

0.0

PT

KYPT0245

4.0

1.45

0.3

0.0

PT

KYPT0246

7.0

1.19

0.3

0.0

PT

incl

2.0

2.29

0.2

0.0

KYPT0247

7.0

1.17

0.8

0.0

PT

incl

2.0

2.01

0.2

0.0

KYPT0248

2.0

1.57

0.2

0.0

PT

KYPT0249

2.0

0.95

0.0

0.0

PT

KYPT0250

3.0

1.19

0.2

0.0

PT

KYPT0251

8.0

0.79

0.7

0.0

PT

incl

1.0

1.69

0.0

0.0

KYPT0252

7.0

0.89

0.6

0.0

PT

incl

1.0

2.11

0.0

0.0

KYPT0253

2.0

1.67

1.3

0.0

PT

KYPT0254

7.0

1.11

1.1

0.0

PT

incl

2.0

1.70

0.3

0.0

KYPT0255

12.0

1.13

1.0

0.0

PT

incl

2.0

1.59

0.3

0.0

KYPT0256

12.0

1.00

0.8

0.0

PT TWIN

incl

2.0

1.68

0.3

0.0

KYPT0257

5.0

1.45

0.2

0.0

PT

incl

2.0

2.10

0.2

0.0

KYPT0258

10.0

1.02

1.2

0.0

PT

incl

3.0

1.86

0.4

0.0

KYPT0259

12.0

1.36

0.7

0.0

PT

incl

7.0

1.63

0.3

0.0

KYPT0260

5.0

0.84

0.1

0.0

PT

incl

2.0

1.19

0.1

0.0

KYPT0261

3.0

1.13

0.5

0.0

PT

incl

2.0

1.29

0.5

0.0

KYPT0262

0.2

1.02

0.0

0.0

PT

KYPT0263

3.0

1.69

0.2

0.0

PT

incl

2.0

2.08

0.3

0.0

KYPT0264

3.0

1.77

0.3

0.0

PT

incl

2.0

2.18

0.4

0.0

KYPT0265

6.0

0.74

0.7

0.0

PT

incl

1.0

1.41

0.1

0.0

KYPT0266

4.0

0.76

0.0

0.0

PT

incl

1.0

1.43

0.2

0.0

KYPT0267

NSR

PT

KYPT0268

3.0

0.95

0.2

0.0

PT

incl

1.0

1.69

0.2

0.0

KYPT0269

2.0

0.69

0.6

0.0

PT

KYPT0270

9.0

0.84

2.3

0.0

PT

incl

2.0

1.54

0.5

0.0

KYPT0271

2.0

0.61

0.2

0.0

PT

KYPT0272

2.0

1.43

0.3

0.0

PT

KYPT0273

2.0

1.41

0.3

0.0

PT

KYPT0274

3.0

1.30

0.2

0.0

PT

KYPT0275

3.0

0.99

0.2

0.0

PT

incl

1.0

1.88

0.3

0.0

KYPT0276

3.0

1.03

0.1

0.0

PT

incl

1.0

1.39

0.2

0.0

KYPT0277

4.0

0.86

0.2

0.0

PT

incl

2.0

1.15

0.2

0.0

KYPT0278

10.5

1.03

1.7

0.0

PT

incl

1.0

2.07

0.5

0.0

KYPT0279

3.0

1.03

0.2

0.0

PT

incl

1.0

1.35

0.3

0.0

KYPT0280

3.0

1.04

0.2

0.0

PT

KYPT0281

4.6

0.84

0.9

0.0

PT

KYPT0282

7.9

0.95

0.6

0.0

PT

incl

1.0

2.04

0.4

0.0

KYPT0283

3.8

1.74

0.1

0.0

PT

KYPT0284

1.0

0.91

0.2

0.0

PT

KYPT0285

3.0

2.01

0.1

0.0

PT

KYPT0286

2.0

1.18

0.2

0.0

PT

KYPT0287

6.1

0.90

1.2

0.0

PT

incl

1.0

2.26

0.0

0.0

KYPT0288

6.0

1.16

0.6

0.0

PT

incl

1.0

3.13

0.4

0.0

KYPT0289

4.0

0.66

0.3

0.0

PT

KYPT0290

2.0

0.68

0.0

0.0

PT

KYPT0291

2.0

0.77

0.0

0.0

PT

KYPT0292

4.0

0.73

0.2

0.0

PT

KYPT0293

1.0

1.45

0.0

0.0

PT

KYPT0294

2.0

0.74

0.2

0.0

PT

KYPT0295

5.0

0.92

0.2

0.0

PT

incl

1.0

1.94

0.2

0.0

KYPT0296

2.0

1.66

0.1

0.0

PT

KYPT0297

9.0

1.11

1.0

0.0

PT

incl

2.0

1.97

0.1

0.0

KYPT0298

4.0

0.75

0.0

0.0

PT

incl

1.0

1.42

0.0

0.0

KYPT0299

3.0

0.95

0.1

0.0

PT

incl

1.0

1.41

0.2

0.0

KYPT0300

4.0

0.97

0.0

0.0

PT

incl

2.0

1.21

0.0

0.0

KYPT0301

3.0

1.48

0.2

0.0

PT

incl

2.0

1.90

0.3

0.0

KYPT0302

8.0

1.13

0.4

0.0

PT

incl

3.0

1.67

0.0

0.0

KYPT0303

4.0

0.70

1.4

0.0

PT

KYPT0304

4.0

1.04

0.9

0.0

PT TWIN

incl

1.0

2.06

0.6

0.0

KYPT0305

5.9

1.11

0.0

0.0

PT

incl

3.0

1.42

0.0

0.0

KYPT0306

2.6

1.53

0.2

0.0

PT

incl

1.0

2.87

0.2

0.0

KYPT0307

10.0

0.91

3.3

0.0

PT

incl

3.0

1.39

0.5

0.0

KYPT0308

1.0

1.10

0.3

0.0

PT

KYPT0309

9.0

0.81

0.7

0.0

PT

KYPT0310

3.0

0.89

0.1

0.0

PT

incl

2.0

1.00

0.2

0.0

KYPT0311

3.0

1.62

0.2

0.0

PT

KYPT0312

3.0

1.08

0.4

0.0

PT

KYPT0313

3.0

1.26

0.2

0.0

PT

incl

2.0

1.43

0.2

0.0

KYPT0314

3.8

1.37

1.1

0.0

PT

incl

2.0

1.78

0.5

0.0

KYPT0315

3.0

0.97

0.4

0.0

PT

incl

2.0

1.16

0.4

0.0

KYPT0316

5.0

1.05

1.0

0.0

PT

incl

1.7

1.92

0.6

0.0

KYPT0317

2.0

0.77

0.4

0.0

PT

KYPT0318

4.2

1.35

0.2

0.0

PT

KYPT0319

4.1

1.05

0.2

0.0

PT

incl

2.0

1.40

0.3

0.0

KYPT0320

5.0

0.84

0.3

0.0

PT

incl

1.5

1.36

0.2

0.0

KYPT0321

11.0

0.86

1.0

0.0

PT

incl

2.4

1.58

0.2

0.0

KYPT0322

1.0

1.42

0.3

0.0

PT

KYPT0323

1.8

1.09

0.4

0.0

PT

KYPT0324

3.0

1.41

0.5

0.0

PT

incl

1.7

1.95

0.5

0.0

KYPT0325

4.1

1.02

0.1

0.0

PT

incl

2.0

1.42

0.2

0.0

KYPT0326

4.2

1.02

0.1

0.0

PT TWIN

incl

2.0

1.46

0.2

0.0

KYPT0327

3.0

1.12

0.0

0.0

PT

incl

1.0

1.99

0.0

0.0

KYPT0328

8.0

1.00

1.5

0.0

PT

incl

1.0

1.18

1.9

0.0

KYPT0329

2.0

0.65

0.4

0.0

PT

KYPT0330

7.0

1.14

0.4

0.0

PT TWIN

incl

3.0

1.82

0.3

0.0

KYPT0331

4.2

0.83

0.1

0.0

PT

incl

2.0

1.13

0.2

0.0

KYPT0332

1.0

0.63

0.2

0.0

PT

KYPT0333

8.6

0.98

1.0

0.0

PT

incl

1.4

1.51

0.3

0.0

KYPT0334

2.0

0.60

0.2

0.0

PT

KYPT0335

3.7

0.67

0.8

0.0

PT

KYPT0336

2.0

1.62

0.1

0.0

PT

KYPT0337

14.2

0.80

3.4

0.0

PT

incl

1.0

1.28

0.6

0.0

KYPT0338

5.5

1.25

0.8

0.0

PT

incl

1.0

2.38

0.4

0.0

KYPT0339

4.0

1.50

0.7

0.0

PT

incl

2.4

1.93

0.4

0.0

KYPT0340

6.0

0.98

4.0

0.0

PT

KYPT0341

14.6

1.05

1.2

0.0

PT

incl

2.9

1.53

0.4

0.0

KYPT0342

6.0

1.30

2.9

0.0

PT

incl

4.7

1.40

3.6

1.3

KYPT0343

7.0

1.11

0.9

0.0

PT

incl

1.0

2.33

0.5

0.0

KYPT0344

7.0

1.01

1.4

0.0

PT

incl

1.4

1.29

0.3

0.0

KYPT0345

3.4

0.99

0.4

0.0

PT

incl

2.0

1.32

0.5

0.0

KYPT0346

2.0

1.70

0.5

0.0

PT

KYPT0347

10.0

0.88

2.3

0.0

PT

incl

1.9

1.82

4.4

0.0

KYPT0348

6.0

1.00

0.7

0.0

PT

incl

2.0

1.55

0.2

0.0

KYPT0349

4.0

0.83

5.0

4.5

PT

KYPT0350

10.0

0.82

3.0

0.0

PT

incl

1.0

1.83

0.5

0.0

KYPT0351

3.8

1.20

0.5

0.0

PT

incl

2.0

1.49

0.5

0.0

KYPT0352

5.0

1.41

0.3

0.0

PT

KYPT0353

12.2

0.94

3.6

0.0

PT

incl

4.6

1.31

1.0

0.0

KYPT0354

13.0

0.90

1.5

0.0

PT

incl

3.7

1.15

0.2

0.0

KYPT0355

7.0

0.99

2.0

0.0

PT

incl

1.8

1.75

0.5

0.0

KYPT0356

5.0

0.83

0.2

0.0

PT

incl

2.0

1.18

0.2

0.0

KYPT0357

4.0

0.87

0.1

0.0

PT TWIN

incl

1.0

1.44

0.2

0.0

KYPT0358

13.0

1.12

2.0

0.0

PT

incl

2.5

2.06

0.2

0.0

KYPT0359

11.0

1.20

2.6

0.0

PT

incl

4.0

1.72

0.7

0.0

KYPT0360

11.0

1.27

1.7

0.0

PT

incl

9.0

1.40

1.6

0.0

KYPT0361

5.2

0.95

0.1

0.0

PT

incl

2.0

1.45

0.2

0.0

KYPT0362

5.0

1.27

0.3

0.0

PT

incl

2.0

2.06

0.2

0.0

KYPT0363

13.4

0.90

2.7

0.0

PT

incl

1.3

1.60

0.0

0.0

KYPT0364

7.0

1.26

2.5

0.0

PT

incl

3.0

1.80

1.1

0.0

KYPT0365

7.0

0.76

1.3

0.0

PT

KYPT0366

4.0

0.77

0.8

0.0

PT

KYPT0367

10.6

0.95

2.0

0.0

PT

incl

2.0

1.97

0.3

0.0

KYPT0368

8.3

0.79

0.6

0.0

PT

incl

3.0

1.19

0.2

0.0

KYPT0369

8.0

0.95

3.2

0.0

PT

incl

2.6

1.39

0.5

0.0

KYPT0370

1.5

1.84

0.1

0.0

PT

incl

1.5

1.84

0.1

0.0

KYPT0371

12.5

0.92

1.5

0.0

PT

incl

2.0

1.90

0.4

0.0

KYPT0372

15.0

0.55

4.4

0.0

PT

incl

0.7

1.18

1.5

0.0

KYPT0373

13.3

1.19

2.4

0.0

PT

incl

1.0

2.29

0.4

0.0

KYPT0374

5.4

1.17

1.6

0.0

PT

incl

1.2

2.32

0.3

0.0

KYPT0375

9.0

1.08

1.1

0.0

PT

incl

2.5

1.66

0.4

0.0

KYPT0376

7.0

1.22

0.7

0.0

PT

incl

2.9

1.79

0.2

0.0

KYPT0377

2.0

1.70

0.3

0.0

PT

KYPT0378

4.1

1.31

0.2

0.0

PT TWIN

incl

2.0

1.80

0.1

0.0

KYPT0379

9.0

1.28

1.3

0.0

PT

incl

4.0

1.68

1.7

5.0

KYPT0380

2.0

1.30

0.5

0.0

PT

KYPT0381

8.0

1.09

2.5

0.0

PT

KYPT0382

3.8

1.80

0.2

0.0

PT

incl

2.0

2.31

0.2

0.0

KYPT0383

8.0

0.91

3.5

0.0

PT

incl

1.6

1.76

0.7

0.0

KYPT0384

1.8

1.62

0.4

0.0

PT

incl

1.0

2.35

0.4

0.0

KYPT0385

3.2

0.67

0.3

0.9

PT

KYPT0386

8.3

0.85

1.1

0.0

PT

incl

1.6

1.61

0.0

0.0

KYPT0387

6.0

0.87

0.6

0.0

PT

incl

1.6

1.36

0.4

0.0

KYPT0388

14.0

1.09

1.3

0.0

PT

incl

4.0

1.57

0.1

0.0

KYPT0389

10.7

1.04

3.4

0.0

PT

incl

2.0

1.94

0.3

0.0

KYPT0390

11.5

0.97

4.4

0.0

PT

incl

2.0

2.06

0.5

0.0

KYPT0391

15.0

1.03

6.4

0.0

PT

incl

1.7

2.16

0.6

0.0

KYPT0392

8.0

1.17

2.9

0.0

PT

incl

2.4

1.70

0.5

0.0

KYPT0393

12.8

1.26

4.2

0.0

PT

incl

9.0

1.45

2.5

0.0

KYPT0394

4.0

0.98

0.2

0.0

PT

incl

2.0

1.20

0.2

0.0

KYPT0395

11.0

1.00

2.6

0.0

PT

incl

5.0

1.42

2.2

0.0

KYPT0396

5.8

0.91

0.1

0.0

PT

incl

2.7

1.35

0.0

0.0

KYPT0397

2.8

1.84

0.2

0.0

PT

KYPT0398

1.0

0.89

1.7

5.0

PT

KYPT0399

6.0

0.97

0.2

0.0

PT

incl

2.0

1.34

0.2

0.0

KYPT0400

8.0

0.62

1.9

2.0

PT

KYPT0401

3.0

0.86

0.0

0.0

PT

incl

0.9

1.57

0.2

0.0

KYPT0402

2.8

2.26

0.0

0.0

PT

KYPT0403

4.5

0.93

0.0

0.0

PT

incl

3.0

1.09

0.0

0.0

KYPT0404

4.3

0.94

0.0

0.0

PT TWIN

incl

3.0

1.09

0.0

0.0

KYPT0405

6.3

1.17

0.7

0.0

PT

incl

2.8

1.73

0.3

0.0

KYPT0406

10.0

0.78

1.4

0.0

PT

KYPT0407

11.7

1.12

2.4

0.0

PT

incl

7.0

1.35

2.0

0.0

KYPT0408

7.0

0.99

0.1

0.0

PT

incl

4.5

1.17

0.1

0.0

KYPT0409

1.0

2.74

0.3

0.0

PT

KYPT0410

6.0

0.93

0.1

0.0

PT

incl

2.0

1.22

0.1

0.0

KYPT0411

5.0

1.00

0.6

0.0

PT

incl

2.0

1.49

0.3

0.0

KYPT0412

1.0

0.94

0.4

0.0

PT

incl

1.0

1.06

2.8

9.0

KYPT0413

8.0

0.90

3.7

0.0

PT

incl

1.0

1.53

0.4

0.0

KYPT0414

3.0

0.68

0.1

0.0

PT

incl

1.0

1.01

0.2

0.0

KYPT0415

11.0

1.09

0.7

0.0

PT

incl

3.4

1.83

0.2

0.0

KYPT0416

5.0

1.08

0.2

0.0

PT

incl

2.0

1.55

0.2

0.0

KYPT0417

8.3

0.90

0.7

0.0

PT

incl

1.4

2.06

0.2

0.0

KYPT0418

13.6

1.15

2.3

0.0

PT

incl

2.0

2.02

0.3

0.0

KYPT0419

2.8

1.15

0.2

0.0

PT

incl

1.0

1.50

0.3

0.0

KYPT0420

6.0

0.98

0.0

0.0

PT

incl

3.0

1.39

0.0

0.0

KYPT0421

11.0

1.00

3.3

0.0

PT

incl

4.0

1.39

1.4

0.0

KYPT0422

6.0

1.10

0.4

0.0

PT

incl

4.7

1.23

0.3

0.0

KYPT0423

4.0

0.90

0.1

0.0

PT

incl

1.0

1.44

0.2

0.0

KYPT0424

10.8

1.11

1.5

0.0

PT

incl

6.0

1.43

0.8

0.0

KYPT0425

14.0

1.11

1.5

0.0

PT

incl

2.0

1.84

0.3

0.0

KYPT0426

2.0

0.70

0.2

0.0

PT

KYPT0427

5.5

1.05

0.0

0.0

incl

2.9

1.51

0.0

0.0

KYPT0428

3.6

1.21

0.2

0.0

PT

KYPT0429

1.7

1.35

0.2

0.0

PT

KYPT0430

3.8

1.03

0.2

0.0

PT

incl

2.0

1.45

0.2

0.0

KYPT0431

3.5

1.15

0.3

0.0

PT TWIN

incl

2.0

1.48

0.3

0.0

KYPT0432

6.0

0.76

1.1

0.0

PT

incl

0.5

2.77

0.0

0.0

KYPT0433

1.0

2.40

0.3

0.0

PT

KYPT0434

4.0

1.92

0.1

0.0

PT

incl

1.0

2.40

0.3

0.0

KYPT0435

10.0

1.06

0.7

0.0

PT

incl

4.7

1.52

0.1

0.0

KYPT0436

9.0

1.17

0.9

0.0

PT

incl

3.4

1.85

0.2

0.0

KYPT0437

2.4

0.91

0.1

2.0

PT

KYPT0438

6.0

1.26

0.7

0.0

PT

incl

4.0

1.55

0.3

0.0

KYPT0439

2.0

1.01

0.3

0.0

PT

KYPT0440

5.4

0.75

1.0

0.0

PT

KYPT0441

5.0

1.19

0.1

0.0

PT

incl

3.0

1.57

0.2

0.0

KYPT0442

10.0

0.93

2.0

0.0

PT

KYPT0443

3.7

0.93

0.2

0.0

PT

incl

2.0

1.13

0.2

0.0

KYPT0444

3.8

1.01

0.7

0.0

PT

incl

1.3

1.18

0.8

2.0

KYPT0445

2.9

1.27

1.9

0.0

PT

incl

1.9

1.66

0.8

0.0

KYPT0446

3.0

0.65

0.3

0.0

PT

KYPT0447

2.1

0.73

1.8

9.4

PT

KYPT0448

7.0

1.07

0.7

0.0

PT

incl

3.8

1.28

0.3

0.0

KYPT0449

8.0

1.13

0.5

0.0

PT

incl

3.3

1.66

0.2

0.0

KYPT0450

5.0

1.22

0.3

0.0

PT

incl

1.9

1.81

0.2

0.0

KYPT0451

9.0

1.01

0.7

0.0

PT

incl

2.2

1.63

0.3

0.0

KYPT0452

10.0

1.00

2.4

0.0

PT

incl

1.7

1.55

0.3

0.0

KYPT0453

3.0

1.02

0.3

0.0

PT

incl

1.7

1.34

0.3

0.0

KYPT0454

9.0

0.95

0.8

0.0

PT

incl

2.0

1.74

0.5

0.0

KYPT0455

4.0

1.43

0.3

0.0

PT

incl

2.0

1.88

0.3

0.0

KYPT0456

5.0

1.10

0.3

0.0

PT

incl

2.9

1.47

0.2

0.0

KYPT0457

2.4

1.11

0.2

0.0

PT

incl

1.0

1.84

0.3

0.0

KYPT0458

1.0

1.02

0.4

0.0

PT

KYPT0459

8.0

0.80

2.0

0.0

PT

incl

1.0

1.51

0.4

0.0

KYPT0460

1.5

1.59

0.2

0.0

PT

KYPT0461

1.0

1.38

0.4

0.0

PT

KYPT0462

2.0

1.17

0.4

0.0

PT

KYPT0463

2.0

1.58

0.3

0.0

PT

KYPT0464

5.0

0.78

1.1

0.0

PT

KYPT0465

1.1

1.17

0.4

0.0

PT

KYPT0466

2.0

1.75

0.3

0.0

PT

KYPT0467

NSR

PT

KYPT0468

NSR

PT

 

APPENDIX II: DRILL HOLE COLLAR DATA - TABLE 3

Hole ID

Easting

Northing

RL

Depth

 

Hole ID

Easting

Northing

RL

Depth

KYAC0094

549202

8479802

1129

23.0

KYAC0137

544001

8468400

1137

24.0

KYAC0095

549400

8479802

1128

30.0

KYAC0138

543800

8468400

1132

16.0

KYAC0096

549600

8479776

1126

34.0

KYAC0139

543597

8468400

1127

28.0

KYAC0097

549778

8479810

1123

27.0

KYAC0140

543599

8468001

1132

27.0

KYAC0098

548998

8479395

1135

33.0

KYAC0141

543800

8468000

1138

24.0

KYAC0099

549198

8479401

1133

26.0

KYAC0142

544000

8467999

1141

25.5

KYAC0100

549400

8479401

1131

29.0

KYAC0143

544000

8468000

1141

25.5

KYAC0101

549600

8479402

1128

25.0

KYAC0144

543799

8467801

1140

25.0

KYAC0102

549800

8479402

1126

28.0

KYAC0145

544001

8467801

1143

24.0

KYAC0103

549800

8479402

1126

28.0

KYAC0146

543599

8467803

1135

26.5

KYAC0104

549600

8479603

1129

27.0

KYAC0147

543600

8467601

1136

21.0

KYAC0105

549401

8479600

1131

25.8

KYAC0148

543800

8467605

1141

21.0

KYAC0106

549799

8479600

1126

25.0

KYAC0149

544000

8467600

1144

33.0

KYAC0107

549200

8479600

1132

20.0

KYAC0150

543800

8467401

1143

30.0

KYAC0108

549000

8479802

1128

22.7

KYAC0151

544001

8467401

1145

24.0

KYAC0109

548798

8479195

1138

25.0

KYAC0152

544402

8467801

1144

28.6

KYAC0110

548799

8479000

1138

27.0

KYAC0153

545000

8465600

1162

22.0

KYAC0111

548600

8478999

1141

29.0

KYAC0154

545200

8465601

1163

21.0

KYAC0112

548399

8478999

1143

25.0

KYAC0155

545201

8465799

1161

28.0

KYAC0113

548801

8478799

1138

19.8

KYAC0156

545399

8465201

1167

24.0

KYAC0114

548600

8478799

1141

14.0

KYAC0157

545200

8465202

1164

28.0

KYAC0115

548401

8478800

1143

32.0

KYAC0158

544996

8465204

1161

28.0

KYAC0116

548201

8478801

1145

24.8

KYAC0159

545201

8465000

1164

34.0

KYAC0117

549399

8478799

1124

15.0

KYAC0160

545398

8465001

1167

35.0

KYAC0118

549204

8478815

1128

22.0

KYAC0161

545400

8464801

1167

30.0

KYAC0119

549002

8478801

1134

27.0

KYAC0162

545600

8465000

1169

35.0

KYAC0120

549001

8478403

1133

22.7

KYAC0163

545600

8464999

1169

35.0

KYAC0121

548800

8478399

1136

25.8

KYAC0164

545600

8465200

1169

27.0

KYAC0122

548600

8478399

1138

30.0

KYAC0165

545400

8465600

1164

27.0

KYAC0123

548599

8478399

1138

30.0

KYAC0166

545601

8465602

1164

29.0

KYAC0124

548400

8478398

1140

24.0

KYAC0167

545400

8465800

1160

24.0

KYAC0125

549000

8478200

1131

24.0

KYAC0168

545600

8465784

1160

22.6

KYAC0126

548799

8478200

1134

28.0

KYAC0169

545800

8465601

1164

20.0

KYAC0127

548599

8478198

1136

18.0

KYAC0170

545800

8465800

1159

27.0

KYAC0128

548397

8478197

1137

22.0

KYAC0171

546000

8465800

1157

29.0

KYAC0129

548201

8478201

1139

14.0

KYAC0172

546000

8466201

1149

18.0

KYAC0130

548200

8478401

1142

25.0

KYAC0173

546002

8466001

1152

25.0

KYAC0131

544600

8468801

1136

36.0

KYAC0174

545999

8466401

1147

13.0

KYAC0132

544601

8468598

1137

35.0

KYAC0175

545998

8467403

1162

19.0

KYAC0133

544798

8468597

1132

35.0

KYAC0176

546200

8467400

1165

26.6

KYAC0134

544598

8468398

1139

29.0

KYAC0177

546400

8467399

1168

23.0

KYAC0135

544792

8468405

1135

30.0

KYAC0178

546400

8467600

1169

21.4

KYAC0136

544600

8468000

1142

32.0

KYAC0179

546200

8467601

1166

26.0

KYAC0180

545998

8467601

1162

15.5

KYPT0255

547793

8477399

1148

12.0

KYAC0181

546198

8467797

1164

27.0

KYPT0256

547793

8477400

1148

12.0

KYAC0182

546197

8467999

1162

32.0

KYPT0257

547401

8477398

1150

11.0

KYAC0183

546198

8467999

1162

32.0

KYPT0258

547000

8477000

1149

10.0

KYAC0184

546400

8468199

1161

22.8

KYPT0259

547395

8477000

1152

12.0

KYAC0185

546601

8468201

1163

32.7

KYPT0260

547800

8476999

1148

11.0

KYAC0186

546398

8468002

1165

32.0

KYPT0261

548201

8477000

1140

6.0

KYAC0187

546600

8468001

1166

27.4

KYPT0262

546604

8477001

1143

8.0

KYAC0188

546200

8468201

1159

25.8

KYPT0263

546999

8476604

1148

8.0

KYAC0189

546400

8467801

1167

22.0

KYPT0264

547399

8476604

1149

9.0

KYAC0190

546599

8467803

1169

17.4

KYPT0265

547801

8476601

1144

6.0

KYAC0191

546598

8467599

1171

26.0

KYPT0266

547387

8476200

1146

4.0

KYPT0222

549000

8479394

1135

9.0

KYPT0267

545001

8471800

1133

8.6

KYPT0223

549400

8479400

1131

7.0

KYPT0268

547000

8476199

1149

9.0

KYPT0224

549800

8479400

1126

7.0

KYPT0269

544998

8472202

1134

10.0

KYPT0225

548999

8479802

1128

3.0

KYPT0270

546605

8476211

1146

9.0

KYPT0226

549401

8479803

1128

4.0

KYPT0271

544598

8472601

1129

3.9

KYPT0227

549777

8479810

1124

6.0

KYPT0272

546197

8476198

1138

7.0

KYPT0228

548200

8479000

1145

12.0

KYPT0273

544200

8472600

1128

3.2

KYPT0229

548601

8478999

1141

11.0

KYPT0274

546199

8475798

1142

9.0

KYPT0230

549000

8479001

1135

7.0

KYPT0275

543800

8472600

1123

8.0

KYPT0231

547799

8478599

1148

11.0

KYPT0276

546196

8475402

1143

11.0

KYPT0232

547800

8479001

1149

12.9

KYPT0277

546196

8475403

1143

11.0

KYPT0233

548198

8478600

1144

11.0

KYPT0278

543803

8472997

1124

10.5

KYPT0234

548598

8478601

1140

9.0

KYPT0279

546201

8474634

1130

3.0

KYPT0235

548998

8478600

1134

7.0

KYPT0280

544200

8473002

1130

10.7

KYPT0236

549401

8478602

1125

8.0

KYPT0281

546594

8474612

1133

4.6

KYPT0237

549400

8478183

1123

3.0

KYPT0282

543400

8473001

1114

7.9

KYPT0238

549764

8479050

1121

3.0

KYPT0283

546598

8476548

1138

3.8

KYPT0239

549400

8478999

1126

5.0

KYPT0284

546201

8476465

1132

4.0

KYPT0240

550202

8479799

1118

4.0

KYPT0285

547799

8476129

1143

3.0

KYPT0241

550197

8479406

1117

7.0

KYPT0286

543051

8472996

1104

2.0

KYPT0242

548599

8479402

1138

10.0

KYPT0287

542998

8472623

1105

6.1

KYPT0243

548205

8479442

1139

6.6

KYPT0288

548202

8476199

1144

6.0

KYPT0244

547400

8478200

1144

3.6

KYPT0289

543347

8472600

1110

4.0

KYPT0245

548200

8478200

1139

4.0

KYPT0290

543000

8473400

1105

10.3

KYPT0246

548600

8478199

1136

7.0

KYPT0291

548598

8476199

1143

9.0

KYPT0247

549000

8478200

1131

7.0

KYPT0292

543000

8473800

1103

9.0

KYPT0248

547788

8478206

1139

2.0

KYPT0293

548201

8476599

1138

4.0

KYPT0249

546999

8477800

1150

9.0

KYPT0294

543407

8473756

1107

3.0

KYPT0250

547000

8477400

1150

9.0

KYPT0295

548600

8476600

1139

5.0

KYPT0251

547400

8477800

1145

8.0

KYPT0296

543800

8473800

1115

4.0

KYPT0252

547800

8477761

1143

7.0

KYPT0297

548202

8474999

1151

9.0

KYPT0253

548200

8477800

1135

3.0

KYPT0298

543799

8473402

1118

5.0

KYPT0254

548201

8477401

1141

8.0

KYPT0299

548485

8474600

1146

4.0

KYPT0300

543400

8473377

1113

4.5

KYPT0345

544200

8469800

1130

14.5

KYPT0301

548598

8475458

1144

4.0

KYPT0346

545111

8468600

1132

12.3

KYPT0302

548179

8474595

1154

8.9

KYPT0347

545400

8468600

1138

14.4

KYPT0303

547800

8473801

1158

8.9

KYPT0348

547004

8473401

1148

8.0

KYPT0304

547800

8473800

1158

9.0

KYPT0349

545802

8468598

1148

10.0

KYPT0305

542600

8471400

1107

5.9

KYPT0350

547796

8472997

1167

13.4

KYPT0306

548205

8473797

1151

3.0

KYPT0351

547714

8472654

1170

15.0

KYPT0307

547806

8474197

1157

11.0

KYPT0352

546200

8468601

1154

15.0

KYPT0308

542600

8471000

1110

5.9

KYPT0353

547401

8472600

1169

12.2

KYPT0309

548200

8474200

1152

9.0

KYPT0354

546600

8468600

1156

13.0

KYPT0310

542999

8471401

1110

8.3

KYPT0355

547400

8472202

1167

7.0

KYPT0311

547403

8473802

1152

5.0

KYPT0356

546600

8468200

1163

13.9

KYPT0312

542997

8471027

1104

5.0

KYPT0357

546602

8468200

1163

14.0

KYPT0313

547350

8473399

1158

11.0

KYPT0358

547774

8472220

1170

14.0

KYPT0314

543393

8471084

1105

3.8

KYPT0359

547800

8471801

1169

11.0

KYPT0315

543000

8470600

1111

6.3

KYPT0360

546999

8468601

1156

12.0

KYPT0316

543347

8470600

1106

5.0

KYPT0361

547401

8471803

1164

12.9

KYPT0317

548602

8475002

1142

6.3

KYPT0362

547000

8468200

1162

12.0

KYPT0318

543000

8470200

1122

11.0

KYPT0363

548210

8472992

1161

10.4

KYPT0319

547797

8473428

1162

12.0

KYPT0364

547403

8468612

1151

7.0

KYPT0320

542600

8470200

1122

8.0

KYPT0365

548199

8473400

1158

7.0

KYPT0321

547403

8474199

1154

11.0

KYPT0366

547400

8471399

1160

12.0

KYPT0322

542600

8470520

1110

2.3

KYPT0367

547400

8471002

1160

10.6

KYPT0323

547006

8474128

1141

4.4

KYPT0368

546200

8468200

1159

8.3

KYPT0324

543398

8470206

1114

3.5

KYPT0369

547400

8470601

1158

8.4

KYPT0325

543000

8469802

1128

9.1

KYPT0370

545800

8468200

1152

14.4

KYPT0326

543001

8469803

1128

9.2

KYPT0371

547801

8471000

1164

12.5

KYPT0327

547082

8473799

1142

3.0

KYPT0372

545400

8468200

1143

15.0

KYPT0328

543394

8469800

1120

8.0

KYPT0373

547804

8471403

1167

13.3

KYPT0329

548599

8479800

1131

6.6

KYPT0374

545400

8467800

1146

11.4

KYPT0330

549000

8479394

1135

8.0

KYPT0375

547800

8470599

1158

9.0

KYPT0331

543000

8469400

1130

11.1

KYPT0376

547798

8470200

1148

7.0

KYPT0332

549002

8480143

1127

5.3

KYPT0377

545799

8467800

1146

14.0

KYPT0333

543400

8469400

1122

8.6

KYPT0378

545799

8467801

1156

14.0

KYPT0334

549400

8480159

1123

5.0

KYPT0379

547414

8470212

1152

9.0

KYPT0335

549801

8480163

1120

4.7

KYPT0380

547396

8469807

1141

2.0

KYPT0336

543800

8469000

1123

2.0

KYPT0381

546980

8468992

1149

8.0

KYPT0337

547401

8472999

1167

14.2

KYPT0382

547360

8469019

1144

4.0

KYPT0338

543800

8469400

1119

14.5

KYPT0383

545800

8467400

1158

8.0

KYPT0339

543799

8469802

1118

14.5

KYPT0384

545410

8467400

1146

15.0

KYPT0340

543797

8470198

1118

20.4

KYPT0385

546599

8469002

1147

4.0

KYPT0341

543800

8470600

1119

14.6

KYPT0386

547799

8468999

1149

7.0

KYPT0342

544201

8471000

1121

17.5

KYPT0387

547794

8469400

1144

6.0

KYPT0343

543851

8471000

1116

20.5

KYPT0388

546999

8467401

1169

14.0

KYPT0344

544200

8470200

1128

14.5

KYPT0389

546197

8467796

1164

10.7

KYPT0390

547000

8467800

1167

11.5

KYPT0430

544999

8465800

1160

10.6

KYPT0391

546201

8467400

1165

15.0

KYPT0431

544999

8465799

1160

10.6

KYPT0392

546600

8467805

1169

8.0

KYPT0432

545000

8466200

1154

9.0

KYPT0393

546599

8467399

1171

12.8

KYPT0433

544998

8466601

1147

15.0

KYPT0394

547407

8467404

1169

9.6

KYPT0434

545400

8464200

1165

4.0

KYPT0395

546602

8467001

1165

12.0

KYPT0435

545800

8464199

1174

10.0

KYPT0396

546999

8466999

1167

6.5

KYPT0436

545403

8464598

1167

9.0

KYPT0397

546200

8467000

1159

15.0

KYPT0437

546199

8464601

1173

11.6

KYPT0398

544199

8484999

1112

6.0

KYPT0438

545801

8464599

1173

13.0

KYPT0399

544602

8484598

1119

6.0

KYPT0439

546199

8464201

1176

14.0

KYPT0400

544199

8484603

1119

10.0

KYPT0440

545000

8468200

1133

15.0

KYPT0401

543802

8484999

1112

9.0

KYPT0441

544199

8465800

1157

11.0

KYPT0402

546291

8466603

1151

11.6

KYPT0442

543800

8465799

1150

10.0

KYPT0403

543798

8484602

1117

10.0

KYPT0443

544552

8466601

1155

11.0

KYPT0404

543799

8484602

1117

10.0

KYPT0444

545001

8467800

1136

11.6

KYPT0405

545799

8466996

1150

15.0

KYPT0445

545000

8466991

1142

15.0

KYPT0406

543800

8484201

1122

10.9

KYPT0446

545400

8466600

1144

13.0

KYPT0407

544201

8484201

1125

11.7

KYPT0447

545800

8466600

1146

15.0

KYPT0408

543399

8484200

1119

12.0

KYPT0448

545401

8483801

1129

10.7

KYPT0409

545503

8467035

1145

15.0

KYPT0449

546202

8483795

1122

8.0

KYPT0410

543400

8484602

1114

6.0

KYPT0450

545805

8483799

1126

9.0

KYPT0411

543001

8484601

1114

10.0

KYPT0451

545805

8483800

1125

9.0

KYPT0412

544986

8467390

1139

13.7

KYPT0452

545401

8483400

1129

10.0

KYPT0413

542600

8484602

1112

10.0

KYPT0453

545801

8483400

1125

11.0

KYPT0414

542201

8484600

1107

10.0

KYPT0454

546199

8483399

1121

9.0

KYPT0415

544600

8467001

1150

11.0

KYPT0455

546600

8483400

1114

9.0

KYPT0416

542201

8484202

1110

9.5

KYPT0456

546601

8483792

1117

9.5

KYPT0417

542200

8483802

1106

8.3

KYPT0457

546601

8484201

1115

10.0

KYPT0418

544200

8467000

1151

13.6

KYPT0458

546207

8484200

1117

9.0

KYPT0419

542604

8483802

1110

8.0

KYPT0459

545800

8484200

1121

8.0

KYPT0420

543800

8467000

1146

11.0

KYPT0460

544953

8481801

1125

2.5

KYPT0421

542600

8484204

1114

11.0

KYPT0461

545400

8481800

1120

7.0

KYPT0422

543800

8466600

1149

12.0

KYPT0462

545401

8481400

1123

8.2

KYPT0423

543005

8484200

1117

11.0

KYPT0463

545400

8482201

1121

4.0

KYPT0424

544200

8466600

1155

10.8

KYPT0464

548961

8477740

1128

5.0

KYPT0425

544200

8466200

1156

14.0

KYPT0465

549307

8477767

1127

4.0

KYPT0426

544600

8466201

1158

9.0

KYPT0466

548450

8477772

1132

4.0

KYPT0427

543800

8466200

1150

5.5

KYPT0467

544650

8470996

1113

1.7

KYPT0428

544600

8465800

1161

8.7

KYPT0468

544913

8471407

1125

8.0

KYPT0429

544642

8484599

1119

1.7

 

Appendix III: JORC Code, 2012 Edition - Table 1

SECTION 1 - SAMPLING TECHNIQUES AND DATA

Criteria

 JORC Code explanation

Commentary

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.

 

Air-Core samples are composited based on regolith boundaries and sample chemistry, generated by hand-held XRF analysis. Each 1m of sample is dried and riffle-split to generate a total sample weight of 3kg for analysis, generally at 2m intervals. This primary sample is then split again to provide a 1.5kg sample for both rutile and graphite analyses.

 

Push tube/core drilling is sampled routinely at 2m intervals bounded by weathering contacts by compositing dried and riffle-split half core. A consistent, 1.5kg sample is generated for both the rutile and graphite determination.

 

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

 

Drilling and sampling activities are supervised by a suitably qualified Company geologist who is present at all times. All drill samples are geologically logged by the geologist at the drill site/core yard.

 

Each sample is sun dried and homogenised. Sub-samples are carefully

riffle split to ensure representivity. The 1.5kg composite samples are then processed.

 

An equivalent mass is taken from each sample to make up the composite. A calibration schedule is in place for laboratory scales, sieves and field XRF equipment.

 

Placer Consulting Pty Ltd (Placer) Resource Geologists have reviewed Standard Operating Procedures (SOPs) for the collection and processing of drill samples and found them to be fit for purpose. The primary composite sample is considered representative for this style of rutile mineralisation.

 

 

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

 

 

Logged mineralogy percentages, lithology information and TiO2% obtained from handheld XRF are used to determine compositing intervals. Care is taken to ensure that only samples with similar geological characteristics are composited together

Drilling Techniques

Drill type (e.g. core, reverse circulation, openhole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc).

 

A total of 98 Air-Core holes for 2,548m are reported here from drilling at the Kasiya Rutile Deposit to obtain samples for quantitative determination of recoverable rutile and Total Graphitic Carbon (TGC).

 

A total of 247 push-tube core holes, for 2,205m, were drilled at the Kasiya Rutile Deposit to obtain samples for quantitative determination of recoverable rutile and Total Graphitic Carbon (TGC).

 

Placer has reviewed SOPs for Air-Core and Core drilling and found them to be fit for purpose and support the resource classifications as applied to the MRE.

 

 

Drill Sample Recovery

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

 

Samples are assessed visually for recoveries. The configuration of drilling and nature of materials encountered results in negligible sample loss or contamination.

Air-Core drilling recovery in the top few metres are moderate to good. Extra care is taken to ensure sample is recovered best as possible in these metres. Recoveries are recorded on the rig at the time of drilling by the geologist. Drilling is ceased when recoveries become poor once Sap rock has been encountered.

Core drilling samples are actively assessed by the driller and geologist onsite for recoveries and contamination.

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

 

The Company's trained geologists supervise drilling on a 1 team 1 geologist basis and are responsible for monitoring all aspects of the drilling and sampling process.

 

Air-core drilling samples are recovered in large plastic bags. The bags are clearly labelled and delivered back to the laydown at the end of shift for processing.

 

For push-tube drilling, core is extruded into core trays; slough is actively removed by the driller at the drilling rig and core recovery and quality is recorded by the geologist.

 

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 relationship is believed to exist between grade and sample recovery. The high percentage of silt and absence of hydraulic inflow from groundwater at this deposit results in a sample size that is well within the expected size range.

 

No bias related to preferential loss or gain of different materials is observed.

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.

 

Geologically, data is collected in detail, sufficient to aid in Mineral Resource estimation.

 

All individual 1-metre intervals are geologically logged, recording relevant

data to a set log-chief template using company codes. A small representative sample is collected for each 1-metre interval and placed in appropriately labelled chip trays for future reference.

 

All individual 1-metre core intervals are geologically logged, recording relevant

data to a set template using company codes.

 

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

 

All logging includes lithological features and estimates of basic mineralogy. Logging is generally qualitative.

 

The total length and percentage of the relevant intersection logged

 

 

100% of samples are geologically logged.

Sub-sampling techniques and sample preparation

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

 

 

N/A

 

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

Air-Core samples are dried, riffle split and composited. Samples are collected and homogenised prior to splitting to ensure sample representivity. ~1.5kg composite samples are processed.

 

An equivalent mass is taken from each primary sample to make up the composite.

 

The primary composite sample is considered representative for this style of mineralisation and is consistent with industry standard practice.

 

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

 

Techniques for sample preparation are detailed on SOP documents verified by Placer Resource Geologists.

 

Sample preparation is recorded on a standard flow sheet and detailed QA/QC is undertaken on all samples. Sample preparation techniques and QA/QC protocols are appropriate for mineral determination.

 

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

 

The sampling equipment is cleaned after each sub-sample is taken.

 

Field duplicate, laboratory replicate and standard sample geostatistical analysis is employed to manage sample precision and analysis accuracy.

 

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.

 

Sample size analysis is completed to verify sampling accuracy. Field duplicates are collected for precision analysis of riffle splitting. SOPs consider sample representivity. Results indicate a sufficient level of precision for the resource classification.

 

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

 

 

The sample size is considered appropriate for the material 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.

Rutile

The Malawi onsite laboratory sample preparation methods are considered quantitative to the point where a non-magnetic mineral concentrate (NM) is generated.

 

Final results generated are for recovered rutile i.e. the % mass of the sample that is rutile that can be recovered to the non-magnetic component of a HMC.

 

The HMC is prepared via wet-table, gravity separation at the Lilongwe Laboratory which provides an ideal sample for subsequent magnetic separation and XRF.

 

All samples (incl. QA) included in this announcement received the following workflow undertaken on-site in Malawi;

· Dry sample in oven for 1 hour at 105

· Soak in water and lightly agitate

· Wet screen at 5mm, 600µm and 45µm to remove oversize and slimes material

· Dry +45µm -600mm (sand fraction) in oven for 1 hour at 105

· Pass +45µm -600mm (sand fraction) across wet table to generate a heavy mineral concentrate (HMC)

· Pan HMC to remove retained light minerals

· Dry HMC in oven for 30 minutes at 105

· Magnetic separation of the HMC by Carpco magnet @ 16,800G (2.9Amps) into a magnetic (M) and non-magnetic (NM) fraction.

 

Bag NM fraction and send to Perth, Australia for quantitative chemical and mineralogical determination.

· The NM fractions were sent to ALS Metallurgy Perth for quantitative XRF analysis. Samples received XRF_MS.

 

Graphite

All samples are initially checked in and processed to pulp at Intertek-Genalysis Johannesburg.

The pulp samples are then dispatched to Intertek-Genalysis Perth where they undergo TGC assay via method C72/CSA.

A portion of each test sample is dissolved in dilute hydrochloric acid to liberate carbonate carbon. The solution is filtered using a filter paper and the collected residue is the dried to 425°C in a muffle oven to drive off organic carbon. The dried sample is then combusted in a Carbon/ Sulphur analyser to yield total graphitic or elemental carbon (TGC).

The graphitic carbon content is determined by eliminating other carbon forms from the total carbon content. The addition of acid to the sample liberates carbon dioxide thus removing carbonate carbon. Soluble organic carbon will also be removed. Insoluble organic carbon is removed by heating the samples at 425°C in an oxidising environment. The "dried" carbon-bearing sample that is analysed in the resistance furnace is considered to contain only graphitic carbon. 

An Eltra CS-800 induction furnace infra-red CS analyser is then used to determine the remaining carbon which is reported as Total Graphitic Carbon (TGC) as a percentage.

 

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.

 

 

Acceptable levels of accuracy and precision have been established. No handheld XRF methods are used for quantitative determination.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicate, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

 

Sovereign uses internal and externally sourced wet screening reference material inserted into samples batches at a rate of 1 in 20. The externally sourced, certified standard reference material for HM and Slimes assessment is provided by Placer Consulting.

 

Accuracy monitoring is achieved through submission of certified reference materials (CRM's).

ALS and Intertek both use internal CRMs and duplicates on XRF analyses.

Sovereign also inserts CRMs into the sample batches at a rate of 1 in 20.

 

 

Analysis of sample duplicates is undertaken by standard geostatistical methodologies (Scatter, Pair Difference and QQ Plots) to test for bias and to ensure that sample splitting is representative. Standards determine assay accuracy performance, monitored on control charts, where failure (beyond 3SD from the mean) may trigger re-assay of the affected batch.

 

Examination of the QA/QC sample data indicates satisfactory performance of field sampling protocols and assay laboratories providing acceptable levels of precision and accuracy.

 

Acceptable levels of accuracy and precision are displayed in geostatistical analyses.

 

Verification of sampling & assaying

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

 

Results are reviewed in cross-section using Micromine software and any spurious results are investigated. The deposit type and consistency of mineralisation leaves little room for unexplained variance. Extreme high grades are not encountered.

 

The use of twinned holes.

Twinned holes are drilled across a geographically dispersed area to determine short-range geological and assay field variability. Twin drilling is applied at a rate of 1 in 20 routine holes.

 

Acceptable levels of precision are displayed in the geostatistical analysis of twin drilling data.

 

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

All geological logging data is collected in LogChief logging software. This data is then imported to Datashed5 and validated automatically and then manually.

 

Sovereigns' laboratory data is captured onto paper templates or excel and transferred manually to the database. A transition to electronic laboratory data capture is under investigation.

 

 

Discuss any adjustment to assay data.

 

QEMSCAN of the NM fraction shows dominantly clean and liberated rutile grains and confirms rutile is the only titanium species in the NM fraction.

 

Recovered rutile is therefore defined and reported here as: TiO2 recovered in the +45 to -600um range to the NM concentrate fraction as a % of the total primary, dry, raw sample mass divided by 95% (to represent an approximation of final product specifications). i.e. recoverable rutile within the whole sample.

 

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.

 

A Trimble R2 Differential GPS is used to pick up the collars. Daily capture at a registered reference marker ensures equipment remains in calibration.

No downhole surveying is completed. Given the vertical nature and shallow depths of the holes, drill hole deviation is not considered to significantly affect the downhole location of samples.

 

 

Specification of the grid system used.

WGS84 UTM Zone 36 South.

 

Quality and adequacy of topographic control.

DGPS pickups are considered to be high quality topographic control measures.

 

 

Data spacing & distribution

Data spacing for reporting of Exploration Results.

The Air-Core holes are spaced on a 200m x 200m grid which is deemed to adequately define the mineralisation.

 

The Core holes are spaced on a 400m x 400m grid which is deemed to adequately define the mineralisation.

 

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 spacing and distribution is considered to be sufficient to establish a degree of geological and grade continuity appropriate for further future Mineral Resource estimation.

 

Whether sample compositing has been applied.

Individual 1m intervals have been composited, based on lithology, at a max 2m sample interval for the 98 Air-Core holes and 247 Core holes.

 

 

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

 

Sample orientation is vertical and approximately perpendicular to the orientation of the mineralisation, which results in true thickness estimates, limited by the sampling interval as applied. Drilling and sampling are carried out on a regular square grid. There is no apparent bias arising from the orientation of the drill holes with respect to the orientation of the deposit.

 

 

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.

 

 

There is no apparent bias arising from the orientation of the drill holes with respect to the orientation of the deposit.

Sample security

The measures taken to ensure sample security

Samples are stored in secure storage from the time of drilling, through gathering, compositing and analysis. The samples are sealed as soon as site preparation is complete.

 

A reputable international transport company with shipment tracking enables a chain of custody to be maintained while the samples move from Malawi to Australia or Malawi to Johannesburg. Samples are again securely stored once they arrive and are processed at Australian laboratories. A reputable domestic courier company manages the movement of samples within Perth, Australia.

 

At each point of the sample workflow the samples are inspected by a company representative to monitor sample condition. Each laboratory confirms the integrity of the samples upon receipt. 

 

Audits or reviews

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

 

Richard Stockwell (resource CP) has reviewed and advised on all stages of data collection, sample processing, QA protocol and mineral resource estimation. Methods employed are considered industry best-practice.

 

Malawi Field and Laboratory visits have been completed by Richard Stockwell in May 2022. A high standard of operation, procedure and personnel was observed and reported.

 

 

 

SECTION 2 - REPORTING OF EXPLORATION RESULTS

Criteria

Explanation

Commentary

Mineral tenement & 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 environment settings.

The Company owns 100% of the following Exploration Licences (ELs) and Retention Licence (RL) under the Mines and Minerals Act (No 8. of 2019), held in the Company's wholly-owned, Malawi-registered subsidiaries: EL0609, EL0492, EL0528, EL0545, EL0561, EL0582 and RL0012.

A 5% royalty is payable to the government upon mining and a 2% of net profit royalty is payable to the original project vendor.

No significant native vegetation or reserves exist in the area. The region is intensively cultivated for agricultural crops.

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 tenements are in good standing and no known impediments to exploration or mining exist.

Exploration done by other parties

 

Acknowledgement and appraisal of exploration by other parties.

Sovereign Metals Ltd is a first-mover in the discovery and definition of residual rutile and graphite resources in Malawi. No other parties are involved in exploration.

Geology

Deposit type, geological setting and style of mineralisation

The rutile deposit type is considered a residual placer formed by the intense weathering of rutile-rich basement paragneisses and variable enrichment by eluvial processes.

Rutile occurs in a mostly topographically flat area west of Malawi's capital, known as the Lilongwe Plain, where a deep tropical weathering profile is preserved. A typical profile from top to base is generally soil ("SOIL" 0-1m) ferruginous pedolith ("FERP", 1-4m), mottled zone ("MOTT", 4-7m), pallid saprolite ("PSAP", 7-9m), saprolite ("SAPL", 9-25m), saprock ("SAPR", 25-35m) and fresh rock ("FRESH" >35m).

The low-grade graphite mineralisation occurs as multiple bands of graphite gneisses, hosted within a broader Proterozoic paragneiss package. In the Kasiya areas specifically, the preserved weathering profile hosts significant vertical thicknesses from near surface of graphite mineralisation.

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 northings 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; and hole length

All collar and composite data are provided in the body and appendices of this report.

 

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

No information has been excluded.

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.

All results reported are of a length-weighted average of in-situ grades. The results reported in the body of the report are on a nominal lower cut-off of 0.5% Rutile and exclude bottom of hole samples where saprock has been geologically logged.

 

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.

No data aggregation was required.

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

No metal equivalent values are used in this report.

Relationship between mineralisation widths & intercept lengths

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

The mineralisation has been released by weathering of the underlying, layered gneissic bedrock that broadly trends NE-SW. It lies in a laterally extensive superficial blanket with high-grade zones reflecting the broad bedrock strike orientation of ~045°.

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

The mineralisation is laterally extensive where the entire weathering profile is preserved and not significantly eroded. Minor removal of the mineralised profile has occurred in alluvial channels. These areas are adequately defined by the drilling pattern and topographical control.

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'.

Downhole widths approximate true widths limited to the sample intervals applied. Graphite results are approximate true width as defined by the sample interval and typically increase with depth.

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 the drill collar locations and appropriate sectional views.

Refer to figures in the body of the full announcement at http://sovereignmetals.com.au/announcements/.

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 results are included in this report.

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.

Rutile has been determined, by QEMSCAN, to be the major TiO2-bearing mineral at and around several rutile prospects within Sovereign's ground package. The Company continues to examine areas within the large tenement package for rutile and graphite by-product mineralisation.

Further work

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

No further exploration is planned at this stage.

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

Refer to diagrams in the body of this report.

 

 

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DRLEAXFEDSPDEEA
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