Page 1

ANGLO AUSTRALIAN RESOURCES NL ACN 009 159 077 SEPTEMBER 2021 QUARTERLY REPORT Anglo Australian Resources NL ASX Code : AAR ACN : 009 159 077 ABN : 24 651 541 976 Suite 2 6 Lyall Street South Perth WA 6151 Tel : Email : 08 9382 8822 info@anglo.com.au Website : www.anglo.com.au Capital Structure ( at 30 - Sep - 2021 ) Fully Paid Ordinary Shares Summary & Highlights MANDILLA GOLD PROJECT – Kalgoorlie , WA AAR - 100 % Interest Updated JORC 2012 Mineral Resource Estimate of 19.8Mt at 1.0 g / t Au for 664.6koz of contained gold reported , encompassing the cornerstone Mandilla East and Mandilla South deposits . New drilling programs commenced during the Quarter , with a reverse circulation ( RC ) drill rig commencing in August and a diamond drill rig commencing in late September . A total of 9,783m of RC drilling and 50m of diamond drilling was completed during the Quarter . Assays received for drilling at Mandilla East ( to April 2021 ) included the following broad zones of strong gold mineralisation : • 64.57m at 3.49g / t Au from 190m , 14.39m at 2.89g / t from 169.37m and 13.8m at 0.91g / t from 139.7m in MDRCD377 ; • 30m at 4.76g / t Au from 84m in MDRC433 ; • 596,179,239 Ordinary shares Options . 3,000,000 ( $ 0.135 , exp 27/11/22 ) * 1,250,000 ( $ 0.133 , exp 31/12/21 ) . 1,250,000 ( $ 0.15 , exp 31/12/22 ) • 2,000,000 ( $ 0.213 , exp 07/10/22 ) . 6,000,000 ( $ 0.34 , exp 31/12/22 ) * - subject to various vesting terms Performance Rights ** 1,830,780 Incentive 2020A 5,340,074 Incentive 2020B 2,382,216 LTI 2020C 6,954,579 LTI 2020D 37m at 3.07g / t Au from 89m and 20m at 1.15g / t from 38m in MDRC426 ; 39m at 1.23g / t Au from 141m , 14m at 0.63g / t from 119m and 10m at 0.60g / t from 102m in MDRC427 ; 34m at 1.15g / t Au from 105m in MDRC438 ; 24.45m at 1.40g / t Au from 133.5m in MDRCD376 ; 6m at 3.61g / t Au from 142m and 17m @ 1.15g / t from 117m in MDRC435 ; and 15.61m at 1.22g / t Au from 111.70m and 18.99m at 0.56g / t from 48.23m in MDRCD430 . Assays results received for drilling at Mandilla South ( to April 2021 ) included the following intersections : • 10m at 1.30g / t Au from 86m in MDRC394 ; • 7m at 1.68g / t Au from 68m in MDRC374 ; • 8m at 1.03g / t Au from 131m in MDRC387 ; ** - subject to various performance and vesting criteria • 3m at 2.56g / t Au from 82m in MDRC385 . 12m at 1.52g / t Au from 96m and 16m at 0.66g / t from 59m in MDRC395 ; and 12m at 1.29g / t Au from 47m and includes 1m at 11.33g / t from 57m in MDRC388 . New mineralised zone ( Eos ) discovered south of Mandilla South . Eos potentially extends for 600m and remains open , with best new assay results including : Board Members Leigh Warnick Non - Executive Chairman • • Marc Ducler • 4m at 3.14g / t Au from 55m including 1m at 11.76g / t from 55m in MDRC406 ; and 3m at 8.62g / t Au from 51m including 1m at 25.47g / t from 52m in MDRC402 ; 4m at 3.43g / t Au from 52m including 1m at 5.91g / t from 53m in MDRC413 ; Managing Director John Jones AM Non - Executive Director Peter Stern Non - Executive Director David Varcoe Non - Executive Director • 4m at 2.88g / t Au from 51m including 1m at 8.51g / t from 52m in MDRC414 . KOONGIE PARK JOINT VENTURE - Halls Creek , WA AAR - 75 % Joint Venture Interest ( 100 % interest - gold and precious metals ) Auking commenced drilling during the Quarter . CORPORATE Cash of $ 8.8 million at 30 September 2021 . ASX : AAR SUITE2 , 6 LYALL ST , SOUTH PERTH , WA , 6151 ANGLO T : +61 8 9382 8822 E : INFO@ANGLO.COM.AU WWW.ANGLO.COM.AU AUSTRALIAN RESOURCES NL