Exceptional Results Up to 5.42 g/t Au & 256 g/t Ag Peak View
Released
Released
Announcement PDF
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ACN 684 147 484
21st
January 2026
HIGHLIGHTS
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Comment from Executive Chairman, Brett Grosvenor:
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
•
•
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
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•
•
•
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
Appendix A: Peak View JORC Code, 2012 Table
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.
• Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or systems
used.
• 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.
Rock Chip Sampling
• Rock Chips are broken from outcrop or float using a steel Estwing geological
hammer, the entire sample (nominal 0.5kg) is pulverised to produce a 30g
charge for fire assay (AU-AA23) to analyse for Au and 0.25g is used for
multielement analysis (ME-MS61), where it uses a four acid digestion to
dissolve nearly all minerals. It’s then measured using a mass spectrometer
and optical emission spectrometer.
• Sample locations are marked using handheld GPS
• Sampling is conducted by Company personnel
• Lithology, alteration and mineralogy are logged in the field and entered into
a spreadsheet by a company geologist
Historic sampling
• Historic sampling include:
o Stream sediment sampling by multiple explorers (WMC 1971,
Delta Gold 1993).
o Soil sampling campaigns by WMC at Peak View Prospect.
o Drilling by WMC during 1978-82 period (14 holes), Denehurst in
1995-96 (2 holes) and Ironbark Zinc during 2010-2012 (11
holes) at Peak View Prospect with 1,170 samples analysed for
Cu, Pb, Zn, As, Ag. Some of the samples were assayed for Au.
• Analytical methods included AAS and fire assay; however, QAQC
protocols from the 1975-1995 are not consistently documented in available
reports.
• Rock chips collected by Peak View Exploration were pulverized to produce
a 25g charge for aqua regia digestion with a MS analytical finish to analyze
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
for 52 elements (AR25/MS52)
Drilling
Techniques
• Drill type (e.g. core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (e.g. core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).
• 27 drill holes completed historically between 1975-2012, comprising:
o WMC 1978 – 1982: 14 diamond drillholes for total of 1,852
metres with an average of 132 m.
o Denehurst 1995-96: 2 diamond drillholes for total of 291 m.
o Ironbark Zinc 2010-2012: 11 diamond drill holes for total of
1,710 m.
• Hole orientations generally –60° toward local grid west.
• Diamond holes were NQ/HQ Size.
• Drilling unit was track mounted.
• Core orientation methods not documented in available reports.
Drill Sample
Recovery
• Method of recording and assessing core and
chip sample recoveries and results assessed.
• Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
• 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.
• Recovery records are limited or inconsistently reported in historic drilling
programs.
• No systematic recording of core recovery or sample quality documented for
early programs (1975-1995).
• Potential sample bias due to preferential loss in broken ground zones
cannot be assessed from available data.
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.
• Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
• The total length and percentage of the relevant
intersections logged.
• Historic core has been geologically logged to varying standards depending
on the operator and time period.
• Logging generally qualitative in nature, focusing on lithology, alteration,
and mineralisation.
• Core photography not systematically undertaken in early programs.
• Detailed structural logging limited, though some programs noted shear-
foliation oriented N-S with steep dip.
• Most intersections appear to have been logged, though detail level varies
significantly between operators.
www.exultantmining.com.au
Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
Criteria JORC Code Explanation Commentary
Subsampling
techniques and
sample
preparation
• If core, whether cut or sawn and whether
quarter, half or all core taken.
• If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
• For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
• Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
• Measures taken to ensure that the sampling is
representative of the insitu material collected,
including for instance results for field
duplicate/second-half sampling.
• Whether sample sizes are appropriate to the
grain size of the material being sampled
• Core sampling methods are not consistently documented across all historic
programs.
• RC samples collected at 0.66 m intervals in most programs; Diamond
drilling samples collected at 0.1 m intervals.
• Sample preparation procedures varied between operators and time
periods.
• No documented field duplicate or second-half sampling programs.
• Quality control procedures for sub-sampling are not systematically
documented for early programs.
• Rock Chips are broken from outcrop or float using a steel Estwing geological
hammer, the entire sample (nominal 0.5kg) is pulverised to produce a 30g
charge for fire assay (AU-AA23) to analyse for Au and 0.25g is used for
multielement analysis (ME-MS61), where it uses a four-acid digestion to
dissolve nearly all minerals. It’s then measured using a mass spectrometer
and optical emission spectrometer.
• Rock chips collected by Peak View Exploration were pulverized to produce
a 25g charge for aqua regia digestion with a MS analytical finish to analyze
for 52 elements (AR25/MS52)
• In-Lab QA/QC procedures include insertion of standards, blanks and
duplicates, grind checks and repeat analyses are standard procedure.
• A 0.5kg sample size for a Rock Chip is an acceptable industry standard
and considered appropriate for the style of mineralisation being targeted
and the grainsize of the rock being sampled.
Quality of assay
data and
laboratory tests
• The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
• For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
• Historic assaying conducted using:
o Fire assay for gold analysis (considered total extraction method)
o Atomic Absorption Spectroscopy (AAS) for gold and base
metals.
• Laboratories used not consistently documented.
• QAQC procedures: Standards, blanks, and duplicates not systematically
implemented in early programs (1975-1995).
• Modern program (Ironbark 2007-2012) implemented better QAQC, but
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
Criteria JORC Code Explanation Commentary
make and model, reading times, calibrations
factors applied and their derivation, etc.
• Nature of quality control procedures adopted
(e.g. standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (i.e. lack of bias) and precision
have been established.
specific details not provided in available reports.
• No documented external laboratory checks or round-robin testing.
• Previous rock chip program (Peak View Exploration 2022-2023)
implemented sound QAQC consisting of duplicates, standards
(OREAS622 & OREAS232b) and blanks
• The latest program (Exultant Mining 2025 - Present) uses ALS Orange and
considers its procedures for sample preparation, fusion and analysis
industry standard.
• In-Lab QA/QC procedures include insertion of standards, blanks and
duplicates, grind checks and repeat analyses are standard procedure.
• A 0.5kg sample size for a rock chip sample is an acceptable industry
standard and considered appropriate for the style of mineralisation being
targeted and the grainsize of the rock being sampled.
• QA/QC samples are behaving within acceptable thresholds.
• Accuracy and precision levels are not established for historic data.
Verification of
sampling and
assaying
• The verification of significant intersections by
either independent or alternative company
personnel.
• The use of twinned holes.
• Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
• Discuss any adjustment to assay data
• Limited verification of significant intersections documented.
• Data entry and verification procedures not documented for most historic
programs.
• Primary data storage protocols vary by operator - some data may be
housed with NSW Department of Primary Industries.
• No systematic independent verification of historic results undertaken.
• Data acquired during logging of rock chip samples is captured in
Microsoft Excel and incorporated into the digital database
Location of data
points
• Accuracy and quality of surveys used to locate
drill holes (collar and downhole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.
• Historic survey methods not consistently documented.
• Local grid systems used by different operators (WMC) may not be
consistent.
• Coordinate system conversions between different programs may introduce
errors.
• Down-hole surveys: Methods not documented for most programs.
• Topographic control: Adequate for the low-relief terrain (maximum relief
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
~700 m).
• Grid system: Various local grids used historically; modern programs used
MGA94 Zone 55.
• Collar survey accuracy estimated at ±5-10 m for early programs, improving
to ±1-2 m for modern programs (Ironbark).
• Data points in the field are collected using a handheld Garmin GPSMAP®
65S MULTI-BAND
Data spacing and
distribution
• Data spacing for reporting of Exploration
Results.
• 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.
• Whether sample compositing has been applied
• Data points in the field are collected using a handheld Garmin GPSMAP®
65S MULTI-BAND with a nominal accuracy of +/- 5m
• Grid system is GDA2020 Zone 55
• RC/Diamond drilling: Variable spacing, generally 25-100 m apart.
• Data spacing insufficient for resource estimation at Peak View prospect.
• Most of the prospect strike length only tested by shallow drilling with wide
spacing.
• Rock chip samples are point samples and are not adequate for Mineral
Resource and Ore Reserve estimations
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.
• 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.
• Historic drilling generally oriented -60° toward local grid west.
• Mineralisation orientation: Steeply east-dipping shear zones parallel to N-S
striking thrust faults.
• Main lode plunge: Peak View ~25° to north.
• Drilling orientation appears appropriate for intersecting the steeply-dipping
mineralised zones.
• Potential bias: Some oblique intersection of moderately north-plunging
shoots but not considered to introduce significant sampling bias.
• Rock chip samples are collected where there is adequate outcrop
Sample security
• The measures taken to ensure sample security • Sample security measures not documented for historic programs.
• Chain of custody procedures not consistently reported.
• Sample storage and handling protocols varied between operators and time
periods.
• No evidence of systematic sample security issues affecting results.
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
• Rock chip samples are collected within calico bags and stored in sealed
polyweave bags that are secured on pallets for transport
• Pallets of samples are transported via a freight company to ALS Orange
• The facility at ALS Orange is presumed to be secured and locked with an
adequate and regularly monitored security system
Audits or reviews
• The results of any audits or reviews of sampling
techniques and data.
• No systematic audits or reviews of historic sampling techniques
documented.
• No independent technical audits of historic exploration programs identified.
• Data compilation and review ongoing as part of current technical
assessment.
• The sampling methods being used are industry standard practice.
• The laboratory holds ISO/IEC 17025 accreditation for testing and
calibration, ensuring the technical competence of the facility.
• The management system of Australian Laboratory Services Pty. Ltd.
located at 10 Leewood Drive, Orange, NSW, is certified to ISO 9001:2015
standards.
• Historic samples reported (Peak View Exploration) used Intertek Adelaide
laboratory which holds an ISO 17025 accreditation for testing and
calibration, ensuring the technical competence of the facility.
Section 2 Reporting of Exploration Results
Criteria JORC Code Explanation Commentary
Mineral tenement
and land tenure
status
• Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
• Tenements: EL9411 (32 sub-blocks) granted 31/5/2022, expires
31/5/2028; EL8931 (10 sub-blocks) granted 9/1//2020, expires 9/1/2026.
• Ownership: 100% owned by Peak View Exploration Pty Ltd.
• Location: approximately 100 km south of Canberra and 30 km north east of
Cooma in New South Wales.
• The Project area can be accessed from heading east on Rose Valley Road
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
• 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
from the Monaro Highway
• Land use: Primarily grazing and cropping on gently undulating hills.
• Environmental: No mineral production, coal, petroleum, or infrastructure
permits within tenement areas.
Exploration done
by other parties
• Acknowledgment and appraisal of exploration by
other parties.
• Historic exploration (1971-2023):
o Nova Nickel NL/Western Mining (1971-1975): Early geological
mapping, stream sediment sampling.
o Western Mining (1975 - 1984): Geological mapping, soil
sampling, Geophysics including IP, Sirotem and magnetics
surveys, drilling.
o Delta Gold (1993): Stream sediment sampling.
o Denehurst (1995-1996): Radiometric and aeromagnetic survey,
drilling.
o Ironbark Zinc (2007 – 2012): Drilling
o Peak View Exploration (2022-2023): rock chip sampling
Geology
• Deposit type, geological setting and style of
mineralisation.
• The Peak View Project lies within the Molong-South Coast Anticlinorial
Zone of the Lachlan Fold Belt in New South Wales.
• The tenement is dominated by Ordovician sediments of the Adaminaby
Group and Jerangle Metamorphic Complex while being bounded to the
east by Devonian Granites.
Drill hole
information
• A summary of all information material to the
understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
- easting and northing of the drill hole collar
- elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
- dip and azimuth of the hole
• Total drilling: 27 holes (RC, Diamond) completed 1975-2012
• Key intersections from Peak View area listed in Peak View drill intersection
table in Appendix B.
• Depth testing: Only 3 holes drilled >250 m depth, all intersected gold/base
minerals mineralisation.
• Collar coordinates: Historic local grids, conversion to modern coordinate
system completed.
• Complete drill hole database: Requires compilation and re-validation from
multiple operators in the field.
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
- down hole length and intersection depth
- hole length.
• If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
case
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.
• Where aggregate intersections 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.
• The assumptions used for any reporting of metal
equivalent values should be clearly stated.
• Historic reporting: Intersections reported at various cut-off grades (See
table 2 of Appendix B).
• Composites in drill intersection table calculated using a minimum
mineralised intersect of 0.2m, a maximum of 0.2m internal waste.
• Metal equivalent values are not reported.
Relationship
between
mineralisation
widths and
intersection
lengths
• These relationships are particularly important in
the reporting of Exploration Results.
• If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
• 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’).
• Mineralisation geometry: Steeply east-dipping shear zones (typically 70-
80° dip).
• Drill hole orientation: Generally, 60° toward grid west.
• True width estimation: Most intersections are at moderate angle to
mineralisation, true widths not known but estimated at 60-80% of down-
hole length.
• Reporting: Historic results reported as down-hole lengths. True width is not
known.
• The relationship between rock chip samples and mineralized widths are
not known
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
Diagrams
• Appropriate maps and sections (with scales) and
tabulations of intersections should be included
for any significant discovery being reported
These should include, but not be limited to a plan
view of drill hole collar locations and appropriate
sectional views
• Maps and sections are included in the body of this Report as deemed
appropriate by the Competent Person.
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.
• Historic reporting documents both high-grade intersections and lower
grade zones.
• Peak View intersection table lists all significant intersections.
• High-grade intersections not followed up in historic programs, indicating
potential remaining targets.
• Rock chip information and results are provided in Table 1 & 3.
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.
• Geophysics: aero magnetics, IP surveys, ground gravity and Radiometric.
• Geochemistry: Extensive soil sampling programs, stream sediment
surveys.
• Bulk density: Not systematically measured in historic programs.
• The local Silurian geology consists of an eastern horizon of acid crystal
and lithic tuffs (chlorite-bearing in places) and a more complex variable
western horizon with fine-grained acid tuffs, aphanitic lava flows,
limestone, quartzites and cherts.
Further work
• The nature and scale of planned further work
(e.g. tests for lateral extensions or large-scale
step out drilling).
• Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
• Work program (Year 1-2,):
o Field mapping and geological model updates.
o Soil and rock chip sampling programs.
o Gravity & I.P geophysical surveys
o Drilling program
• Priority targets:
o 10km of contact prospective for massive sulphides.
o Down-plunge extensions at Peak View (only 3 holes >250 m
depth).
o Southern Zone - broad lower-grade system needs systematic
drilling.
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
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ACN 684 147 484
Criteria JORC Code Explanation Commentary
o Northern extension - untested area.
o Exploration potential: 2.5 km strike length.
o High-grade Big Badja Silver Mine
o Northern strike extension of Big Badja Silver Mine (Pb-Zn soil
anomaly)
o 10km of highly prospective granite contact
Appendix B: Black Hammer JORC Code, 2012 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.
• Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
• 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.
Rock Chip Sampling
• Rock Chips are broken from outcrop or float using a steel
Estwing geological hammer, the entire sample (nominal
0.5kg) is pulverised to produce a 30g charge for fire assay
(AU-AA23) to analyse for Au and 0.25g is used for
multielement analysis (ME-MS61), where it uses a four acid
digestion to dissolve nearly all minerals. It’s then measured
using a mass spectrometer and optical emission
spectrometer.
• Sample locations are marked using handheld GPS
• Sampling is conducted by Company personnel
• Lithology, alteration and mineralogy are logged in the field
and entered into a spreadsheet by a company geologist
Historic sampling
o Geochemical surveys include 264 rock chip
samples.
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Level 8, 216 St Georges Terrace, Perth, Western Australia 6000
T: +61 (08) 9481 0389 E: info@exultantmining.com.au
ACN 684 147 484
Criteria JORC Code Explanation Commentary
o Drilling included 39 Air core drilling by North Ltd.
o Stream sediment sampling.
Drilling
Techniques
• Drill type (e.g. core, reverse circulation, open- hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core
diameter, triple or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented and if so, by
what method, etc).
• No drilling has been conducted by current vendors.
• Historic drilling includes 39 air core drill holes by North Ltd.
Drill Sample
Recovery
• Method of recording and assessing core and chip sample
recoveries and results assessed.
• Measures taken to maximise sample recovery and ensure
representative nature of the samples.
• 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 information available on sample recovery methods or
assessments for historic drilling.
• Recovery data not consistently documented in historic
reports.
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.
• Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
• The total length and percentage of the relevant intersections
logged.
• Limited geological logging information available from historic
drilling.
• No systematic geological or geotechnical logging
documented to support mineral resource estimation.
Subsampling
techniques and
sample
preparation
• If core, whether cut or sawn and whether quarter, half or all core
tak
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