Earnings release
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29 January 2026 ASX:CMM ACTIVITIES REPORT DECEMBER 2025 QUARTER 1 KGP OPERATIONS • Karlawinda Gold Project (KGP) delivered December 2025 quarter (Q2) gold production of 30,476 ounces (Q1: 32,318oz) at an all-in-sustaining cost (AISC) of $1,627 per ounce (Q1: $1,625 per ounce). • Year to date gold production of 62,794 ounces at AISC of $1,626 per ounce puts KGP on track to achieve the upper end of FY26 guidance of 115,000 – 125,000 ounces at an AISC of $1,530 - $1,630 per ounce. • Record quarterly cash flow from operations of $122.4 million generated in Q2 (Q1: $106.9m). • Total material movement continues to meet the production and construction requirements for the Karlawinda Expansion Project (KEP) with 4.4 million BCM mined in the quarter. • Consistent mill performance continued wi th throughput of 1.16mt (Q1: 1.23mt). CORPORATE • The acquisition of Warri edar Resources Limited (ASX: WA8, Warrie dar) by way of a Court-approved share scheme of arrangement and option scheme of arrangement was successfully implemented on 25 November 2025, following approval by Warriedar shareholders on 6 November 2025. • Cash and gold on hand at the end of Q2, inclusive of the integration of Warriedar balances, was $457.4 million (Q1: $394.4m). The cash build for the quarter was $88.8 million (Q1: $71.8m) before total capital expenditure of $39.0 million at the KEP ($36.1m) and MGGP ($2.9m), and the closing Warriedar cash balance of $13.2m following integration during the period. • Gold sales of 31,652 ounces at an average price of $6,333 per ounce generated $200.5 million in revenue with a further 2,542 ounces of gold on hand at the end of Q2 valued at $16.6 million (Q1: $23.5m). KEP DEVELOPMENT • Department of Energy, Mines, Indu stry Regulation and Safety (DEMIR S) approved Capricorn’s Mining Proposal and Mine Closure Plan (MPMCP) in July 2025, allowing full development of the KEP and subsequent to those approvals the project has been advanced substantially. • Bulk earthworks in the plant site and ROM Pad 2 we re completed. Earthworks required for the TSF 2 embankments were advanced on schedule. • Concrete works in the plant site were progressed, with over 70% of the scope completed. This has facilitated several areas being handed over to the structural, mechanical and piping contractor and erection of structural steel has commenced in the milling area. • Delivery of critical path rolled and structural steel for CIL tanks was completed. • CIL tank welding and erection is over 60% completed. • Mining activities have continued in the Berwick pit, with materials required for TSF 2 civil works being prioritised. • Excavation of the boxcut into the Bibra pit was completed in the quarter, facilitating multiple direct accesses to the pit going forward. • The jaw crusher and several other equipment packages were delivered to site in the quarter. The ball mill is scheduled to arrive at site in early Q4 FY26, ahead of commissioning commencing in Q1 FY27. MGGP DEVELOPMENT • Following MACA being awarded the preferred contractor status for the mining services agreement, early works mine design and planning activities have commenced. • The process plant design scope was advanced to 98% complete, with the focus shifting to tendering of key construction scopes. Power supply contract evaluation continued. • Capricorn submitted the final Public Environmental Report (PER) to the Department of Climate Change, Energy, the Environment and Water (DCCEEW) in late Q1 FY26. The document was advertised for public review during the quarter with final updates and assessment now to follow. For personal use only
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2 • Capricorn is also advancing the Environmental Review Document (ERD) for the Part 4, Western Australian Government assessment process with EPA Services, ahead of the upcoming public review phase. This process includes incorporating outcomes from the Federal DCCEEW assessment. EXPLORATION Significant results from resource and exploration drilling across the MGGP for the quarter include: • Orion South: o 6 metres @ 16.89g/t from 525 to 531m o 14.5 metres @ 7.51g/t from 378 to 392m • Lexington: o 7.18 metres @ 5.78g/t from 420 to 427.1m o 1.30 metres @ 18.03g/t from 415.7 to 417m • Highway: o 20 metres @ 2.46g/t from 82 to 102m o 30 metres @ 1.59g/t from 222 to 252m RESOURCE AND RESERVE UPDATE • Mineral Resource Estimate (MRE) for Orion South Underground increased to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold, reflecting a compelling 5,400 ounces per vertical metre for the 100 vertical metres immediately below the pit design, where data density exists across the MRE strike extent. • The updated Orion South Underground MRE was used as the basis for a Mining Conceptual Study presenting an early assessment of the potentia l for underground mining at the M GGP (refer announcement dated 11 November 2025) including the following key study outcomes; o Mine plan stopes (and associated lower grade deve lopment) comprising 6.1Mt at 2.6g/t for 513koz of gold within updated resource using a 1.75g/t cut-off grade; o Access to the MRE beneath the Orion South open pit design could be achieved with two separate declines (5.8m x 5.5m) from the Aries pit allowing underground mining to occur contemporaneously with open pit mining; o A development period of 9 mont hs is expected after commenci ng a portal and a sustained mining production rate may be achieved from 18 months post portal establishment with pillared long hole open stoping (LHOS) selected as the preferred underground mining method; o This development and mining approach has been benchmarked as capable of achieving a constrained haulage rate of 1.0 - 1.2mtpa. • Capricorn Metals' group Mineral Resource Estimate (MRE) has now increased to 8.1 million ounces of gold. o This figure excludes gold-equivalent (AuEq) resources associated with Stibnite mineralisation, which remain subject to ongoing studies, and also excludes the Big Springs Project in Nevada, which has been classified as non-core and will be progressed through a formal divestment/sales process. o MGGP MRE 151.9 million tonnes at 1.0 g/t Au for 4.7 million ounces o KGP MRE 94.4 million tonnes at 0.7g/t Au for 2.1 million ounces o Golden Range MRE 22.9 million tonnes at 1.75g/t Au for 1.3 million ounces • Capricorn group Ore Reserve Estimate (ORE) at 30 June 2025 was maintained at 4.0 million ounces of gold after another strong year of production. o MGGP ORE 95 million tonnes at 0.9g/t Au for 2.74 million ounces o KGP ORE 53.6 million tonnes at 0.8g/t Au for 1.30 million ounces For personal use only
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3 DECEMBER 2025 QUARTER ACTIVITIES SUMMARY Capricorn Metals Ltd (Capricorn) wholly owns the operating Karlawinda Gold Project (KGP) located 65 kilometres south-east of Newman in the Pilbara region of Western Australia and the Mt Gibson Gold Project (MGGP) located 65 kilometres north-east of Wubin in the Mid-West region of Western Australia. Karlawinda Gold Project The KGP delivered another strong quarter of operations, producing 30,476 ounces of gold. This result brings half- year production to 62,794 ounces, placing Capricorn in a strong position to achieve the upper end of FY26 guidance of 115,000 – 125,000 ounces. The continued achievement of the post expansion mining run rate allowed Capricorn to deliver concurrently the planned quarterly gold production and the development requirements of the Karlawinda Expansion Project (KEP). Mining production rates have stabilise d at the expanded run rate for the KEP for the last three quarters. Also contributing was consistent mill performance with throughput of 1,159kt of predominantly fresh ore. Cash costs before royalties for the quarter were $1,262 per ounce, with an AISC of $1,627 per ounce, reflecting the increased earthmoving volumes. The FY26 AISC cost guidance of $1,530 - $1,630 per ounce remains unchanged. Operating results for the KGP for Q2 were as follows: Unit Dec25Q Sep25Q Jun25Q Mar25Q Operations Ore mined BCM (‘000) 454 430 522 694 Waste mined BCM (‘000) 3,076 2,866 3,137 2,154 Pre-strip mined BCM (‘000) 836 1,216 840 974 Operating stripping ratio w:o 6.8 6.7 6.0 3.1 Total stripping ratio w:o 8.6 9.5 7.6 4.5 Ore mined t (‘000) 1,239 1,214 1,479 1,911 Ore milled t (‘000) 1,159 1,228 1,111 1,013 Head Grade g/t 0.91 0.91 0.99 1.02 Recovery % 89.9 90.3 91.4 91.7 Gold production Oz 30,476 32,318 32,216 30,599 Financial Net Cash cost A$/oz 1,262 1,353 1,090 1,126 All-in sustaining cost A$/oz 1,627 1,625 1,381 1,390 Net Cash costs and AISC calculated on a per ounce production basis. Mining Open pit material mined in Q2 was consistent with the previous quarter at 4.4 million BCM, delivering the required mining production levels for the KEP. The mining fleet achieved the planned pit face positions to achieve budget gold production while also delivering the required pre-stripping and infrastructure materials for the expansion project. Mining production rates have stabilised at the expanded project run rate for the KEP for the last three quarters. The total stripping ratio for the quarter was 8.6 (w:o) compared to 9.5 in Q1, while the operating stripping ratio increased to 6.8 (w:o) compared to 6.7 in Q1 as mining of ore tonnes continues to be deferred until the KEP ROM is established in H2 FY26. A total of 1.2 million tonnes of ore was mined during the quarter, with ore stocks unchanged at 7.1 million tonnes. For personal use only
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4 Karlawinda Gold Project – Bibra open pit (December 2025). Processing Consistent performance at the KGP processing plant conti nued in the quarter, with 1.16 million tonnes of ore processed at a head grade of 0.91g/t (Q1: 0.91g/t). Gold recovery remained steady at 89.9%. Operational Outlook Mining production rates are expected to remain at similar levels for the coming quarter with a continued emphasis on pre stripping to expose ore feed for the KEP in the Southern Corridor and Berwick. It is expected that as ROM 2 is completed, an increase in ore delivery can be facilitated in the coming quarters ahead of the KEP commissioning phase in Q1 FY2027. For personal use only
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5 Corporate Warriedar Resources Limited Acquisition In July 2025, Capricorn announced that it had entered into a binding Scheme Implementation Deed under which was proposed that Capricorn would acquire 100% of the securities in Warriedar Resources Limited (ASX: WA8) (Warriedar) by way of a Court-approved scheme of arra ngement under Part 5.1 of the Corporations Act 2001 (Cth). On 7 October 2025, Capricorn announced an increase in the consideration payable under the share scheme from 1 Capricorn share for every 62 Warriedar shares to 1 Capricorn share for every 52.75 Warriedar shares (Revised Share Scheme Consideration). The schemes were approved by the requisite majorities of Warriedar Securityholders at the share scheme and option scheme meetings held on 6 November 2025 and were successfully implemented on 25 November 2025. The acquisition secures Warriedar’s flagship Golden Range Project (GRP), including the Ricciardo gold-antimony deposit and the Fields Find Gold Project, all located 90 kilometres north of the existing MGGP. The consolidation of the approximately 788km 2 tenure package provides additional resources, exploration potential and infrastructure to the MGGP. Cash and Bullion and Gold Sales During the quarter, Capricorn sold a total of 31,652 ounces achieving an average gold price of $6,333 per ounce generating revenue of $200.5 million. At the end of the quarter, the Company had 2,542 ounces (Q1: 4,048oz) of gold on hand valued at $16.6 million. The KGP generated a record operating cash flow of $122.4 million for the quarter (Q1: $106.9 million). The Company’s cash and gold on hand at 31 December 2025, inclusive of the integration of Warriedar balances, was $457.4 million (Sep25: $394.4m). The cash build fo r the quarter was $88.8 million (Jun25: $71.8m) before total capital expenditure of $39.0 million at the KEP ($36.1m) and MGGP ($2.9m), and the closing Warriedar cash balance of $13.2m following integration during the period. The Company’s net cash and bullion position at the end of Q2 is $457.4 million (Q1: $394.4 million). Payments to Related Parties During the quarter, payments to related parties of Capricorn and their associates (being the Company’s directors) totalled $496,303. The payments were remuneration for their roles including superannuation. 394.4 201.1 (6.9) (71.8) (8.8) (9.2) 4.0 (38.0) (20.7) 13.2 457.4 Cash & GOH 30 Sep 25 Gold revenue Movement in GOH Operating Mine Development Corporate Financing Capex Exploration & Feasibility Net cash from acquisition Cash & GOH 31 Dec 25 $ Millions 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 Movement in Cash and Gold on Hand Q2 For personal use only
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6 Development Karlawinda Expansion Project Significant development activities continued on the expansion of the Karlawinda Gold Project. As announced to the ASX on 29 July 2025, the expansion will incorporate the installation of a new parallel three-stage crushing and ball milling circuit (replicating current) to increase total processing capacity to 6.5Mtpa. The average annual gold production from the expanded KGP is expected to be in the order of 150,000 ounces. The parallel processing stream offers the flexibility of an independent run-of-mine (ROM) arrangement while maximising the use of existing infrastructure downstream of the CIL tanks. The select ed flow sheet replication provides synergies in maintenance, training and spares. Existing gas infrastructure is capable to deliver the required increase in power generation with possible cost reductions through renewable energy to be considered in future studies. Simplified Karlawinda Processing Plant Flow Sheet. As also announced to ASX on 29 July 20 25, the Department of Energy, Mines , Industry Regulation and Safety (DEMIRS) has approved Capricorn’s Mining Proposal and Mine Closure Plan (MPMCP) covering changes to permit the development of the Karlawinda Expansion Project (KEP). This approval allows full development of the KEP, including: • All expanded mining activities at Bibra, Southern Corridor and Berwick open pits; • Construction and development of Tailing Storage Facility 2 (TSF2), additional ROM pad and extensions to the southern waste dump; • Construction works of the expanded processing plant; and • Other infrastructure development required for KEP. Approval for operational phase of t he expanded process plant and TSF2, alon g with other anc illary approvals, are expected to be received as a matter of course as construction of those facilities is completed. Development activities at the KEP have advanced materially and progress made during the quarter included: • Bulk earthworks in the plant site and ROM Pad 2 were completed. Earthworks required for the TSF 2 embankments were advanced on schedule; • Concrete works in the plant site were progressed, with over 70% of the scope completed. This has facilitated several areas being handed over to the SMP contractor and erection of structural steel has commenced in the milling area; • Delivery of critical path rolled and stru ctural steel for CIL tanks was completed; • CIL tank welding and erection is 60% completed; • Mining activities have continued in the Berwick pit, with materials required for TSF 2 civil works being prioritised; • Excavation of the boxcut into the Bibra pit was co mpleted in the quarter, facilitating multiple direct accesses to the pit going forward; and For personal use only
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7 • The process plant design scope is now complete and the focus shifts to receipt and installation of mechanical and electrical packages; The jaw crusher and several other equipment packages were delivered to site in the quarter. The ball mill is sche duled to arrive at site in early Q4 FY26, ahead of commissioning commencing in Q1 FY27. Karlawinda Expansion Project – Major concrete and structural steel works progressed. Mill (foreground) and crusher and ROM 2 (b ackground). Karlawinda Expansion Project – CIL tank welding and erection. For personal use only
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8 Mt Gibson Gold Project Progress continues to be made on development and permi tting for MGGP in parallel with continued exploration and resource extension drilling. In December 2023 Capricorn referred the development of the MGGP to the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW) under the Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act), based on comprehensive environmental assessment work over the last two and a half years. In June 2024, Capricorn received advice from DCCEEW relating to the assessment of the MGGP referral. The project referral is being a ssessed as a Controlled Action via a Public Environmental Report (PER). In Q4, Capricorn submitted the final MGGP PER to the DCCEEW. This follows previous receipt of guidelines for the PER and ongo ing feedback on the docume nt from DCCEEW. Capric orn submitted the final Public Environmental Report (PER) to the Department of Climate Change, Energy, the Environment and Water (DCCEEW) in late Q1 FY26. The document was advertised for public review during the quarter with final updates and assessment now to follow. In May 2024 Capricorn lodged the referr al of the MGGP to the Environmenta l Protection Authority (EPA) under Part IV of the Western Australian EP Act to commence the WA assessment process, which will run in parallel with the Commonwealth as sessment. In July 2024, the referral was v alidated by the EPA and released for 7 days public comment. Capricorn is now advancing the required Environmental Review Document (ERD) for the Part 4, Western Australian Go vernment assessment process with EPA Servic es, ahead of the upcoming final public review phase. This process includes incorporating outcomes from the Federal DCCEEW assessment. Following MACA being awarded the pref erred contractor status for the mining services agreement, early works mine design and planning activities commenced. Mobilisation planning and surveys, early clearing design and early works infrastructure procurement works are now ongoing. Power supply option assessments continued in the quarter and are nearing completion. The process plant design scope was advanced to approximately 98% complete, with the focus shifting to tendering of the key construction scopes. Capricorn’s strategy at MGGP is to continue to expedite the project design and long lead purchasing in parallel with progressive receipt of development and environmental permits where it is expected to be advantageous to the ultimate development schedule and cost to do so. For personal use only
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9 Exploration and Resource & Reserves Update Mt Gibson Gold Project Exploration activities continue at an expedited rate, with 7 rigs active at Mt Gibson at the end of quarter, delivering 27,761 metres from 75 holes in the period, focussing on extending and infilling the Orion South Underground, as well advancing the Lexington and Highway prospects. Updated Orion South Underground MRE Underground focussed diam ond drilling under the Orion and Lexington pits since the July 2025 MRE demonstrated continuation of broad, high-grade mineralisation at depth. This drilling allowed the estimation of an updated underground MRE at Orion South of 9.5 million tonnes at 2.9g/t Au for 895,000 ounces of gold announced to ASX on 11 November 2025, deliver ing an increase of 211,000 ounces (31%) from the maiden resource estimate announced to ASX on 22 July 2025. The updated MRE includes an Indicated resource of 3.3 million tonnes at 2.8g/t Au for 297,000 ounces of gold (33% of total MRE). Drilling programmes continue to improve classification to allow estimation of a maiden ORE. The updated underground resource at Orion South pushes the resource envelope 80 metres deeper than the maiden July 2025 UG resource at Orion South MRE. The updated resource now extends 220 metres deeper than the extent of the Ore Reserve pit design. The Orion South Underground MRE covers only 1.2km of strike length below the Orion South open pit design where the drill density is appropriate for resource estimation. Over this strike length only the middle 100m (vertical) extends the full 1.2km of strike of the MRE due to lack of data density at the extremities at this early stage. This middle 100 metre section of the MRE averages a compelling 5,400 ounces per vertical metre. It is expected that with further drilling and resource growth, this ounces per vertical metre endowment will continue strongly with depth as further drilling improves data density and supports resource estimation. Figure 1: Long Section of Orion Maiden Underground MRE, above 5,400 ounces per vertical metre average where drill spacing supports an inferred resources classification or above, across the full extent of mineralisation (30RL to –60RL). The resource remains open at depth and is currently only constrained by the depth and density of drilling. Furthermore, the potential for repeat high-grade lodes remains open along strike. The quality of the MRE update and the underground mining conceptual study (released to ASX on 11 November 2025, highlights of which are listed below) reinforces Capricorn’s commitment to a strategy of growing the resource, delivering ore reserves and completing the work required to include these high-grade underground zones into the mine plan and ultimately see MGGP become a long mine life open pit and underground operation. The 1.2km strike length represents a sm all portion of the 8km strike hostin g the current MGGP resource base. Drilling on underground targets along the broader strike extent is in its infancy. In the short to medium term further Underground MREs are expected to follow at Lexington and Hornet based on current and planned drilling programmes. For personal use only
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10 Orion South Underground Conceptual Study As a component of the updated Underground Resource, the conceptual underground study performed presents an exciting production opportunity to be advanced in parallel with the broader open pit operation at Mount Gibson. o Study based on the 895koz Underground MRE at Orio n South which extends to a maximum depth of only 220 metres below the deepest part of the Ore Reserve pit design; o Mine plan stopes (and associated lower grade develo pment) comprising 6.1Mt at 2.6g/t for 513koz of gold within updated resource using a 1.75g/t cut-off grade; o Access to the MRE beneath the Orion South o pen pit design could be achieved with two separate declines (5.8m x 5.5m) from the Aries pit allowing underground mining to occur contemporaneously with open pit mining; o A development period of 9 months is expected after commencing a portal in the Aries pit and a sustained mining production rate may be achieved from 18 months post portal establishment; o Stope widths vary from 2 – 20 metres with pillared long hole open stoping (LHOS) selected as the preferred mining method. This development and mining approach has been benchmarked as capable of achieving a constrained haulage rate of 1.0 - 1.2mtpa; o The Study presents a strong case for infill and extensional drilling at Orion South along with further studies (commenced) into the future potential of underground mining on the Orion South Underground MRE and the >8km of MGGP strike more broadly. Orion South Underground Resource drilling at Orion South continued to return broad, high-grade gold intercepts, with all drill areas continuing to illustrate good continuity and mineralisation extension at depth. Orion South contributes substantially to MGGP’s total resource of 151.9Mt @ 1.0g/t Au for 4.7Moz, including an underground Inferred MRE of 9.5Mt @ 2.9g/t Au for 895Koz. During Q2, a total of 18,894 metres (37 holes) of diamond and RC drilling was completed, primarily focussing on upgrading areas of Inferred classification of the MRE to Indicated. Best results for the quarter include: • 6 metres @ 16.89g/t from 525 to 531m • 14.5 metres @ 7.51g/t from 378 to 392m • 31.4 metres @ 2.49g/t from 315.8 to 357.3m • 24.41 metres @ 3.69g/t from 468.5 to 493m • 15 metres @ 4.66g/t from 377 to 392m • 6.63 metres @ 8.56g/t from 401.37 to 408m • 5.11 metres @ 10.48g/t from 351 to 356.1m • 6.50 metres @ 8.05g/t from 396 to 402.5m Above intercepts for underground include a minimum of 1g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. Five diamond and two RC drill rigs are now on site continuing the drilling programme, infilling incrementally deeper and along strike from current intercepts. Results from both current and future drilling will underpin updates to the projects existing ORE and MRE intended for release early in FY2027. The following long sections (Figures 2 and 3) illustrate the high-grade zones defined by drilling beneath the Orion and Lexington pits. Details are tabulated in Appendix 2. For personal use only
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11 Figure 2: Orion South long section with +1600m of prospective strike of recently identified +25 gram metre intercepts looking west, with significant high grade mineralisation outside of the current A$2,200/oz reserve outline and A$2,400/oz resource outline. Lexington A total of 657 metres (1 hole) of diamond drilling at the Lexington deposit was completed. Drilling targeted multiple north plunging lodes down dip and along strike from previous Capricorn intercepts. Encouragingly, current results significantly extend strike length and depth of high-grade mineralisation, highlighting the potential for a high-tenor large scale underground operation outside of Orion South. Follow up diamond drilling is scheduled for Q3 FY26 with current and future drilling to underpin a maiden underground Inferred MRE. The best results for the quarter include: • 7.18m @ 5.78g/t from 420 to 427.1m • 1.30m @ 18.03 g/t from 415.7 to 417m • 7.40 metres @ 2.87g/t from 626.5 to 633.9m • 1.80 metres @ 11.12g/t from 601.2 to 603m Above intercepts for underground include a minimum of 1g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. For personal use only
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12 Figure 3: Lexington long section with +900m of prospective strike of recently identified intercepts looking west, with significant high grade mineralisation outside of the current A$2,200/oz reserve outline and A$2,400/oz resource outline. Highway The Regional Highway Deposit, situated 6km northwest of the planned Mt Gibson processing plant, represents a promising near-surface opportunity, proximal to the main MGGP mine trend. Capricorn’s previous RC drilling programmes delivered encouraging results, including 28m @ 8.68g/t Au from 83m and multiple 10-20m intercepts >1g/t Au, validating and extending prior datasets while confirming down-dip continuity into fresh rock. This led to a maiden Inferred Mineral Resource Estimate (MRE) in July 2025: 3.93Mt @ 0.9g/t Au for 110Koz (0.5g/t cut-off), open at depth and along strike. In Q2, 1,848 metres (8 holes) of RC drilling was completed at the Highway project. Significant results continue to expand on previously reported intercepts. Follow up RC and regional AC drilling to continue in scheduled for Q3 FY26 with current and future drilling to underpin updates to the deposits existing ORE and MRE. Best results from the quarter include: • 20 metres @ 2.46g/t from 82 to 102m • 30 metres @ 1.59g/t from 222 to 252m • 5 metres @ 9.16g/t from 198 to 203m • 20 metres @ 1.93g/t from 146 to 166m • 8 metres @ 3.98g/t from 179 to 187m • 10 metres @ 2.92g/t from 109 to 119m Above intercepts for underground include a minimum of 0.5g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. For personal use only
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13 Figure 4: Highway project overview with completed RC drillin g with current and historic intercept locaitons over the current 2400au MRE Pit Shell. Figure 5: Highway cross se ction with completed RC reso urce drilling with signific ant high-grade open broad mineralisation outside of the current 2400au MRE Pit Shell and remains open at depth. For personal use only
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14 Regional Tenement Consolidation During the quarter, Capricorn entered into binding agreem ents to acquire the prospective Yalgoo Project (refer ASX announcement dated 23 December 2025). The additional ground covers approximately 1,000 square kilometres of tenure located contiguous to the north of Capricorn’s MGGP tenure in the Murchison region of Western Australia (refer to Figure 6). The Yalgoo Project is considered highly prospective for gold mineralisation, featuring multiple settings conducive to hosting economic gold deposits. Capricorn has identified several target zones for exploration within the project tenure. The highest priority targets are shown in the map below with on ground exploration expected to commence in Q3. Figure 6: priority exploration targets, Yalgoo Tenements (magenta), Iron Tenements (black) and existing Capricorn tenements (blue) For personal use only
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15 Updated Mineral Resource Estimate During the quarter, the Company announced an updated MGGP Mineral Resource Estimate (MRE) of 151.9Mt at 1.0g/t for 4.7 million ounces (refer ASX announcements on 11 November 2025) and completed the acquisition of Warriedar Resources Limited (ASX: WA8, Warriedar) on 25 November 2025. Capricorn’s group MRE now stands at 8.1 million ounces (excluding AuEq Stibnite resources and non-core asset Big Springs) The JORC 2012 compliance Mineral Resources as of 31 December 2025 are tabled below: Mt Gibson and Karlawinda Projects, Western Australia Notes: 1. OP Mineral Resources are estimated using a gold price of A$2,400/ounce. 2. OP Mineral Resources are estimated above a cut-off grade between 0.3g/t and 0.5g/t Au, UG 1.5g/t Au. 3. The above data has been rounded to the nearest 100,000 tonnes, 0.1 g/t gold grade and 1,000 ounces. Errors of summation may occur due to rounding. 4. As reported 6 October 2025. Golden Range and Fields Find Projects, Western Australia Note: Appropriate rounding applied. All figures are in accordance with JORC 2012 guidelines. Grand Total resources: 22,939 kt at 1.75 g/t Au for 1,287.3 koz Au. Deposit Tonnes (kt) Gold Grade (g/t) Gold Metal (koz) Tonnes (kt) Gold Grade (g/t) Gold Metal (koz) Tonnes (kt) Gold Grade (g/t) Gold Metal (koz) Tonnes (kt) Gold Grade (g/t) Gold Metal (koz) Austin - - - 222 1.3 9.1 212 1.5 10.1 434 1.4 19.2 Rothschild - - - - - - 693 1.4 31.3 693 1.4 31.3 M1 55 1.8 3.3 131 2.5 10.4 107 4 13.7 294 2.9 27.4 Riley - - - 32 3.1 3.2 81 2.4 6.3 113 2.6 9.5 Windinne Well 16 2.33 1.2 636 3.5 71 322 1.9 19.8 975 2.9 91.7 Bugeye 14 1.56 0.7 658 1.2 24.5 646 1.1 22.8 1,319 1.1 48.1 Monaco-Sprite (Azure Coast) 52 1.44 2.4 1,481 1.2 57.2 419 1.1 14.2 1,954 1.2 74.0 Mugs Luck-Keronima 68 2.29 5 295 1.6 15 350 1.6 18.5 713 1.7 38.6 Ricciardo Open pit (0.5 g/t cut-off) 2,645 1.74 148.2 3,910 1.6 199.9 2,284 1.6 119.4 8,839 1.6 467.5 Ricciardo Underground (1.0 g/t cut-off) - - - 332 1.3 14.2 7,273 2 465.8 7,605 2 480.0 Grand Total 22,939 1.75 1,287.3 Measured Indicated Inferred Total Resources For personal use only
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16 Updated Ore Reserve Estimate On 6 October 2025, the Company announced an update of the group Ore Reserve Estimate (ORE) at 30 June 2025, maintaining the group ORE at 4.0 million ounces of gold after another strong year of production. The updated ORE was informed using: • Mining depletion at KGP. • Updated MGGP Mineral Resource Es timate (MRE) of 149.2Mt at 0.9g/t for 4.5 million ounces (refer ASX announcements on 22 July 2025). • Majority of the reserve pits are optimised at a conservative gold price of A$2,200 per ounce, more than $4,800 per ounce lower than the current spot price. Aries pit in MGGP is optimised at A$2,500 per ounce, more than $4,500 per ounce lower than the current spot price. The JORC 2012 compliance Ore Reserves as of 30 June 2025 are tabled below: Notes: 1. Ore Reserves are a subset of Mineral Resources. 2. Ore Reserves are estimated using a gold price of A$2,200/ounce, except Aries pit using a gold price of A$2,500/ounce. 3. Ore Reserves are estimated using cut-off grades between 0.3g/t and 0.5g/t Au. 4. The above data has been rounded to the nearest 100,000 tonnes, 0.1/got gold grade and 1,000 ounces. Errors of summation may occur due to rounding. This announcement has been authorised for release by the Capricorn Metals Ltd board. For further information, please contact: Mr Mark Clark Executive Chairman E: enquiries@capmet.com.au T: +61 8 9212 4600 For personal use only
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17 Forward Looking Statements This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts but rather may be based on the Company’s current expectations about future events and results. Such statements include, but are not limited to, statements with regard to capacity, future production and grades, estimated costs, revenues and reserves, the construction costs of new projects and projected capital expenditures, the outlook for minerals and metals prices and the outlook for economic conditions. These statements may be (but are not necessarily) identified by the use of phrases such as “may”, “might”, “could”, “would”, “will”, “expect”, “intend”, “forecast”, “milestone”, “objective”, “predict”, “plan”, “estimate”, “anticipate”, “believe”, “envisage” or other similar words. Where the Company expresses or implies an expectation of belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. The detailed reasons for that conclusion are outlined throughout this announcement, and all material assumptions are disclosed. However, such statements are not guarantees of future performance and there can be no assurance that forward- looking statements will prove to be accurate. Forward-looking statements involve subjective judgement and analysis and are subject to risks, uncertainties, contingencies, assumptions and other factors, which could cause actual results to differ materially fr om future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to resource risk, metals price volatility exchange rate volatility, currency and interest fluctuations, general economic conditions, inability to obtain licences or permits or other regulatory approvals, liabilities inherent in mine devel opment and production, competition for amongst other things, capital, acquisition of reserves, undev eloped lands and skilled personne l, political risks, Indigenous Nations engagement, climate risk, natural disasters, geological, mining and processing technical problems, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the demand for and availability of transportation services, the ability to secure adequate financing, as well as governmental regulation and judicial outcomes. Many of these risks are outside the control of, change without notice, and may be unknown to the Company. The Company gives no representation, warranty, guarantee or assurance (express or implied) in relation to the information and statements within this announcement. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this announcement and exclude all liability whatsoever (including negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this announcement or any error or omission therefrom. Readers should also refer to the Company’s Annual Reports and other ASX announcements and should not place undue reliance on forward-looking information. Readers should rely on their own independent enquiries, investigations and advice regarding information contained in this announcement. Any reliance by a reader on the information contained in this announcement is wholly at the reader’s own risk. The forward-looking statements in this announcement relate only to events or information as of the date on which the statements are made. Except as required by law or regulation, the Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this an nouncement or any other information made available to a person, nor any obligation to furnish the person with any further information. Nothing in this announcement will, under any circumstances, create an implication that there has been no change in the affairs of the Company since the date of this announcement. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. For personal use only
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18 Competent Persons Statement The information in this announcement relating to estimates of the Ore Reserves and Mineral Resources for the Karlawinda Gold Project is extracted from the Com pany’s ASX announcement dated 6 October 2025 entitled “4.0Moz Gold Reserves”, which is available to view on the Company’s website on www.capmetals.com.au. The information in this announcement relating to estimates of the Ore Reserves and Mineral Resources for the Mt Gibson Gold Project is extracted from the Company’s ASX announcements dated 22 July 2025 entitled “MGGP Maiden Underground Resource 684Koz at 3.1 g/t Au”, 6 October 2025 entitled “4.0Moz Gold Reserves” and 11 November 2025 announcement entitled “Orion South U nderground Resource Grows to 895Koz”, respectively, which are available to view on the Company’s website on www.capmetals.com.au. The Company confirms that it is not aware of any new info rmation or data that materially affects the information included in the ASX announcements dated 22 July 2025, 6 October 2025, 11 November 2025 and all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the previous market announcements. The information in this announcement relating to estimates of the Mineral Resources of the Golden Range Project is extracted from the ASX announcement released by Warriedar Resources Limited (ASX: WA8), a wholly owned subsidiary of the Company, dated 28 November 2022 ent itled “Major Gold Project Acquisition” and 5 May 2025 entitled “Ricciardo Project MRE Update”, which is available to view on the ASX’s website on www.asx.com.au. The Company confirms that it is not aware of any new info rmation or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and cont ext in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. The information in this announcement relating to estimates of the Mineral Resources of the Big Springs Project is extracted from the ASX announcement released by Warriedar Resources Limited (ASX: WA8), a wholly-owned subsidiary of the Company dated 15 November 2022 entitled “Big Springs M&I Resource Increases 21%”, which is available to view on the ASX’s website on www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. The Competent Person consents remain in place for subsequent release by the Company of the same information in the same form and context, until the consent is wi thdrawn or replaced by a subsequent report and accompanying consent. The information in this announcement that relates to the production target for the Mt Gibson Gold Project (Open Pit) is extracted from the Company’s ASX announcement dated 15 November 2024 entitled “MGGP Ore Reserve Grows to 2.59 Million Ounces”, which is available to view on the Company’s website on www.capmetals.com.au. The Company confirms that all material assumptions underpinning that production target continue to apply and have not materially changed. For personal use only
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19 APPENDIX 1 – TENEMENT SCHEDULE Lease Project Company Location Status Percentage Held M52/1070 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/1711 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/2247 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/2398 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/2409 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3323 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3363 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3364 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3365 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3366 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3368 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3450 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3474 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3531 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3533 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3541 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3543 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3571 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3656 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3671 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3677 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3729 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3780 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3784 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3797 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3808 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3841 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3884 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% E52/3887 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3888 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3889 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3890 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3932 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3980 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3995 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3996 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/3997 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% E52/4242 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% E52/4243 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% E52/4286 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% E52/4445 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% E52/4487 Karlawinda Greenmount Resources Pty Ltd Western Australia Application 100% L52/174 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/177 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/178 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/179 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% For personal use only
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20 L52/181 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/183 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/189 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/192 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/197 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/223 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/224 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% L52/248 Karlawinda Greenmount Resources Pty Ltd Western Australia Granted 100% M59/328 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/402 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/403 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/404 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/744 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/747 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/772 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% M59/787 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2079 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2110 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2270 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2402 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2439 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2450 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2594 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2606 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2655 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2670 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2672 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2673 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2751 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2752 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2754 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2755 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2826 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2848 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2880 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2923 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2924 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2958 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2959 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/2960 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2961 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2992 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2993 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/2998 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/2999 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/3000 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/3001 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/3002 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/3005 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/3039 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% For personal use only
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21 E59/3040 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/3041 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% E59/3043 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% P59/2286 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2287 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2290 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2291 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2306 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2309 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2310 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2416 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2483 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2484 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% P59/2485 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2486 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2487 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% P59/2488 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/45 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/46 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/53 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/132 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/138 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/140 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/146 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/147 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/149 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/150 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/177 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/181 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/198 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% L59/224 Mt Gibson Crimson Metals Pty Ltd Western Australia Application 100% G59/48 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% G59/72 Mt Gibson Crimson Metals Pty Ltd Western Australia Granted 100% E59/1268-I Fields Find DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/1696 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/1723 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/1966 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/1996-I Fields Find DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/1997-I Fields Find DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2104 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/2382 Fields Find DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2383 Fields Find Minjar Gold Pty Ltd Western Australia Granted 100% non-FeO E59/2575 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/2743 Fields Find Warriedar Resources Limited Western Australia Granted 100% M59/63 Fields Find DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/755 Fields Find Anova Metals WA Pty Ltd Western Australia Granted 100% E59/1199-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/1327-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO (parts of tenement) For personal use only
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22 E59/1328-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO (parts of tenement) E59/1329-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/1333-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/1952 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2153 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2262 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2266 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2273 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/2480 Golden Range DC Mines Pty Ltd Western Australia Granted 100% E59/2794 Golden Range Warriedar Resources Limited Western Australia Granted 100% E59/2862 Golden Range DC Mines Pty Ltd Western Australia Granted 100% E59/2863 Golden Range DC Mines Pty Ltd Western Australia Granted 100% E59/852 Golden Range DC Mines Pty Ltd Western Australia Granted 80% E59/888 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO E59/985-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/54 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/55 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/56 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/57 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/58 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/59 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO G59/60 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO L59/105 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/121 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/122 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/133 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/135 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/143 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO L59/44 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO L59/54 Golden Range DC Mines Pty Ltd Western Australia Granted 100% L59/56 Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/219-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/268-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/279-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/357-I Golden Range DC Mines Pty Ltd Western Australia Granted 80% M59/379-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/380-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/406-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/420-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/421-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/431-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/457-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/458-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/460-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% M59/497-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/591-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/731-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO M59/732-I Golden Range DC Mines Pty Ltd Western Australia Granted 100% For personal use only
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23 P59/2247 Golden Range DC Mines Pty Ltd Western Australia Granted 100% non-FeO P59/2248 Golden Range DC Mines Pty Ltd Western Australia Granted 100% Mining tenements acquired during the Quarter All tenements classified at the Fields Find and Golden Range projects were acquired as part of the Warriedar Resources Limited transaction. Mining tenements disposed during the Quarter For personal use only
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24 APPENDIX 2 – SIGNIFICANT RESULTS Mt Gibson Reported intercepts include a minimum of 0.5g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. Hole_ID NAT_East NAT_North NAT_RL Max_De pth Dip/Azi Depth_Fr om Depth_To Interv alWidt h Grade CMAC1358 516296 6720906 344 37 -90/0 8 12 4 0.53 CMAC1450 515696 6708390 358.39 30 -60/0 16 20 4 0.8 CMAC1456 515398 6708300 361 42 -60/0 4 8 4 0.74 CMAC1457 515439 6708300 361.17 69 -60/0 0 4 4 0.53 CMAC1459 515403 6708392 361 46 -60/0 36 40 4 0.61 CMAC1460 515449 6708395 361.24 39 -60/0 0 4 4 0.56 CMAC1462 515397 6708442 360.42 37 -60/0 0 4 4 3.76 CMAC1463 515447 6708443 360.59 43 -60/0 0 4 4 0.91 CMAC1464 515496 6708444 360.92 38 -60/0 0 4 4 0.97 CMAC1467 515448 6708493 359.58 34 -60/0 0 4 4 1.54 CMAC1470 515648 6708487 364.69 51 -60/0 0 4 4 0.58 CMAC1473 515679 6708644 366.16 38 -60/270 4 8 4 0.6 CMAC1477 515451 6708596 358.14 37 -60/270 28 32 4 1 36 37 1 0.89 CMAC1481 515742 6708605 365.11 72 -60/270 0 4 4 0.89 CMAC1482 515845 6708579 356.1 51 -60/270 0 4 4 1.14 CMAC1484 515301 6708690 365 48 -60/270 4 8 4 0.89 CMAC1485 515351 6708686 360.6 43 -60/270 0 4 4 0.55 CMAC1486 515380 6708694 358 38 -60/270 36 38 2 0.59 CMAC1491 515350 6708890 353.24 44 -60/270 8 12 4 0.51 CMAC1494 515298 6708837 365 43 -60/270 20 24 4 0.59 CMAC1495 515302 6708791 365 66 -60/270 0 4 4 0.74 40 44 4 3.34 CMAC1500 515302 6708440 365.35 62 -60/270 40 44 4 1.14 CMAC1502 516598 6710479 333.57 62 -90/0 56 60 4 0.55 CMAC1503 516546 6710481 333.46 54 -90/0 40 48 8 0.8 CMAC1505 516600 6710430 334 56 -90/0 48 56 8 0.64 CMAC1613 515736 6709648 355.28 63 -90/0 4 8 4 0.52 CMAC1616 515788 6709695 346.96 27 -90/0 0 4 4 1.01 CMAC1623 515197 6708647 366 64 -60/270 4 8 4 0.51 CMAC1628 515007 6719157 329.5 98 -60/90 28 32 4 0.82 CMAC1635 515023 6719143 329.25 112 -60/90 44 48 4 7.01 CMAC1636 514959 6719158 330 109 -60/90 60 64 4 1.17 72 76 4 0.57 CMAC1637 514912 6719158 330.5 112 -60/90 100 104 4 0.55 CMAC1640 515035 6719238 329.71 115 -60/90 92 100 8 0.78 CMAC1641 514978 6719245 330.39 112 -60/90 88 92 4 0.67 CMAC1648 514806 6718950 333.46 100 -60/90 60 68 8 2.07 48 52 4 0.74 For personal use only
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25 CMAC1649 514769 6718952 334.96 112 -60/90 84 92 8 0.51 CMAC1650 514718 6718959 334.96 109 -60/90 28 32 4 0.54 80 84 4 1.8 CMAC1836 515297 6709033 368.77 120 -60/270 6 8 2 0.61 24 25 1 0.73 41 42 1 0.94 64 65 1 1.1 CMAC1837 515310 6709085 357.66 126 -60/270 57 71 14 6.33 24 25 1 0.62 8 10 2 0.58 83 93 10 1.93 CMAC1838 515433 6708972 350.8 85 -60/270 31 32 1 0.66 CMRC1633 516268.04 6709329.25 339.27 276 -55/272 203 224 21 3.38 254 265 11 0.87 CMRC1634 516761.23 6710565.1 334.38 258 -58/300 177 215 38 1.52 CMRC1635 516270.53 6708752.48 340.96 96 -60/300 52 65 13 2.22 CMRC1636 516330.05 6708352.76 348.6 96 -60/300 42 57 15 2.09 CMRC1832D 516315.16 6708984.19 339.92 435.6 -60/268 372 374 1 0.54 241 245 4 0.57 262 268 5 2.98 277 279 2 8.34 307 310 2 1.13 317 318 1 3.62 346 369 22 2.28 378 390 12 3.82 229 233 4 0.95 55 60 5 0.37 321 322 1 1.71 46 47 1 2.84 80 81 1 0.6 41 42 1 1.02 180 181 1 0.58 73 74 1 0.87 85 87 2 1.07 98 104 6 1.41 132 133 1 0.5 156 159 3 0.58 168 169 1 0.54 CMRC1834D 516517.95 6709456.99 350.45 569.83 -62/270 368 369 1 1.01 546 547 1 0.5 531 532 1 0.51 511 515 4 0.75 490 504 14 2.03 474 475 1 1.41 213 215 1 10.55 293 312 18 0.64 For personal use only
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26 289 290 1 5.21 77 79 2 1.54 222 246 24 1.66 280 284 4 0.49 157 158 1 0.7 319 320 1 2.87 CMRC1835D 516364.05 6709406.43 351.71 395.21 -61/269 112 121 9 1.08 351 354 2 1.04 338 339 1 0.98 312 334 21 1.77 239 241 2 0.68 191 197 6 0.64 158 159 1 0.5 128 139 11 1.27 103 108 5 1.88 84 85 1 0.85 58 60 2 0.75 52 54 2 1.13 3 7 4 0.91 143 144 1 0.78 CMRC1836D 516399.58 6709410.27 351.25 456.3 -62/270 182 190 8 0.57 80 87 7 6 372 418 46 1.24 364 365 1 4.39 205 208 3 1.17 194 195 1 1.07 153 157 4 2.97 142 147 5 0.42 102 103 1 0.76 162 174 12 0.86 133 136 3 0.74 CMRC1839D 516529.02 6709259.3 336.56 664.74 -57/270 529 530 1 0.66 330 331 1 3.11 573 574 1 0.82 351 353 2 0.64 406 407 1 0.56 451 453 1 1.4 461 463 1 2.61 514 523 9 3.44 540 542 2 0.72 546 564 17 0.75 322 326 4 1.93 498 503 4 0.47 126 127 1 0.5 309 310 1 1.71 339 340 1 0.92 For personal use only
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27 33 34 1 0.58 43 46 3 4.11 82 83 1 0.74 171 180 9 2.04 200 201 1 9.01 238 239 1 1 244 245 1 0.71 249 252 2 1.99 265 268 3 1.1 64 72 8 3.3 CMRC1840D 516515.48 6709190.54 337.12 168 -60/270 22 26 4 2.07 134 135 1 0.52 146 150 4 1.11 80 101 21 1.95 126 129 3 0.72 CMRC1841D 516491.37 6709127.74 336.87 621.21 -60/269 294 295 1 0.59 502 510 7 0.61 492 495 3 9.74 472 473 1 0.6 393 398 5 0.38 85 94 9 1.36 372 378 6 0.35 538 540 1 1.08 355 356 1 7.64 324 328 3 0.78 0 2 2 0.68 250 255 5 0.9 217 222 5 0.46 172 173 1 3.15 98 100 2 1.35 79 81 2 0.67 66 75 9 1.93 27 37 10 0.92 269 279 9 0.99 143 144 1 0.53 CMRC1842D 516413.53 6708963.18 339.83 580.2 -61/0 277 279 2 1.31 312 313 1 0.66 364 365 1 0.85 379 380 1 4.09 386 389 2 0.58 459 467 8 1.87 158 170 12 0.85 219 224 4 0.31 43 44 1 3.32 213 215 1 0.62 115 122 7 1.29 For personal use only
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28 129 130 1 2.59 146 153 7 1.02 189 190 1 0.53 181 182 1 0.51 0 1 1 0.63 CMRC1843D 516460.11 6708941.17 340.18 642.33 -60/0 281 282 1 1.76 287 288 1 0.56 535 537 1 0.89 513 514 1 4.57 502 507 5 1.03 458 462 3 1.37 447 450 3 0.33 440 441 1 0.78 550 559 8 0.67 127 130 3 5.5 337 338 1 0.74 94 95 1 0.91 142 144 2 1.2 171 173 2 2.82 220 222 2 1.95 229 241 11 1.15 267 269 2 1.59 273 276 2 2.56 CMRC1844D 516357.72 6708883.96 340.04 539.93 -60/269 0 1 1 0.55 300 303 3 2.28 433 459 25 2.18 422 423 1 1.32 384 385 1 1.13 360 368 7 1.18 340 341 1 0.67 307 309 2 1.26 511 513 2 5.53 204 205 1 1.21 164 170 6 0.71 159 160 1 0.53 120 121 1 0.72 94 101 7 0.74 36 37 1 3.2 230 234 3 0.82 55 56 1 0.66 CMRC1845D 516442.73 6708838.93 340.27 651.03 -61/270 179 181 2 0.55 340 342 2 4.28 415 416 1 0.74 447 450 2 0.46 504 505 1 0.92 524 532 8 12.85 For personal use only
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29 536 545 9 0.61 549 554 5 3.3 585 591 6 8.7 327 328 1 1.17 566 567 1 0.56 65 66 1 1.93 264 269 4 0.71 217 241 24 2.45 48 54 6 2.39 107 108 1 0.5 114 115 1 3.73 159 160 1 14.61 167 174 6 2.49 185 193 8 1 5 6 1 0.51 247 249 2 0.7 CMRC1846D 516371.78 6708789.69 342.25 641.56 -60/272 582 583 1 0.76 359 360 1 2.69 285 286 1 1.03 531 540 8 1.52 502 509 6 2.01 494 499 5 0.88 482 490 7 0.51 454 455 1 1.01 381 383 1 0.71 560 561 1 0.83 231 234 3 7.24 203 204 1 1.63 186 189 3 1.17 168 173 5 1.85 161 162 1 0.81 146 152 6 0.89 134 137 3 0.63 89 90 1 0.5 73 76 3 1.62 0 1 1 0.54 252 253 1 0.73 444 448 4 2.11 CMRC1847D 516278 6708894 335.41 132 -59/270 26 34 8 0.51 124 126 2 1.7 51 54 3 14.01 76 79 3 0.5 CMRC1848D 516310 6708913 336 510.32 -61/270 24 25 1 0.52 232 235 3 0.57 401 402 1 0.64 437 439 2 0.7 For personal use only
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30 384 390 6 0.97 347 379 31 1.51 310 311 1 1.02 303 306 3 5.2 288 290 1 0.74 266 269 3 1.19 240 244 3 0.51 69 70 1 1 186 190 3 2.85 36 41 5 1.53 78 80 2 1.1 103 111 8 0.64 124 125 1 0.59 146 147 1 0.89 152 153 1 2.45 160 161 1 0.72 171 174 3 1.1 45 55 10 0.98 CMRC1849D 516327 6708960 339.58 462.2 -60/270 265 268 2 4.7 187 193 5 0.48 365 377 12 1.5 330 357 27 3.17 301 304 3 0.55 243 251 8 0.47 236 238 2 0.64 229 230 1 0.88 157 163 6 2.17 94 97 3 0.52 80 89 9 1.17 0 2 2 0.8 56 76 20 1.36 319 320 1 1.05 43 44 1 0.53 29 36 7 1.28 174 176 2 0.91 CMRC1850D 516253 6709053 340.67 204 -60/267 122 123 1 0.5 146 147 1 0.95 71 72 1 0.6 47 51 4 0.48 27 28 1 0.61 189 193 4 0.84 60 66 6 0.7 CMRC1851D 516376 6709061 337 96 -61/270 26 42 16 0.98 75 79 4 0.39 90 92 2 2.38 CMRC1852D 516383 6709186 339.51 221.43 -60/270 38 44 6 0.65 For personal use only
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31 56 57 1 1.22 80 81 1 0.92 CMRC1854D 516358 6709235 339.84 422.41 -61/271 312 315 2 2.52 399 400 1 1.44 374 395 21 3.46 361 365 4 7.18 350 352 2 0.56 330 337 7 0.84 229 230 1 1.74 155 156 1 1.41 130 132 2 0.65 120 125 5 1.07 45 46 1 1.09 24 41 17 1.44 16 20 4 3.37 3 4 1 0.6 341 342 1 1.09 182 183 1 0.69 CMRC1855D 516461 6709282 337.61 61 -61/270 44 56 12 1.83 CMRC1856D 516509.27 6709309.58 337 60 -61/270 23 30 7 1.23 40 48 8 0.63 CMRC1858D 516284 6709183 339 390.46 -61/269 201 202 1 1.06 333 337 4 1.44 316 320 4 0.62 299 307 8 3.29 282 283 1 1.56 220 222 1 9.25 22 41 19 0.89 168 169 1 0.82 153 164 11 3.22 143 144 1 0.78 85 87 2 1.48 51 63 12 0.64 257 271 14 3.74 CMRC1859D 516275 6709160 339 370.57 -61/269 199 200 1 0.59 229 230 1 0.6 234 242 8 0.73 260 262 2 1.01 277 282 5 1.56 289 297 8 2.4 340 341 1 0.6 45 55 10 0.59 191 194 3 0.82 302 303 1 3.27 18 19 1 1.16 156 157 1 2.25 For personal use only
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32 151 152 1 0.68 124 127 3 0.82 73 78 5 1.8 33 39 6 0.63 27 28 1 1.18 172 173 1 2.89 111 114 3 0.57 CMRC1860D 516526.4 6709189.52 336.87 648 -62/267 302 304 1 1.43 377 378 1 0.91 385 386 1 0.57 400 402 2 1.99 433 437 4 1.69 453 455 1 1.25 490 498 8 4.24 537 546 9 1.82 572 586 14 1.01 108 118 10 1.06 295 299 3 3.64 556 564 8 0.78 147 148 1 0.59 289 290 1 0.84 153 154 1 2.44 76 77 1 2.12 22 23 1 1.06 164 165 1 0.68 173 178 5 0.82 197 198 1 14.95 206 212 6 4.78 219 220 1 2.71 239 240 1 0.7 245 260 15 2.63 CMRC1861D 516370.7 6708490.72 345.81 630.31 -63/268 192 193 1 0.56 560 565 5 0.54 514 527 13 1.12 501 502 1 1.3 478 497 19 2.3 440 442 1 1.53 383 384 1 1.07 575 592 17 2.3 198 199 1 0.75 173 174 1 1.57 147 148 1 0.6 97 98 1 0.64 63 65 2 1.09 37 42 5 0.81 309 312 2 0.83 For personal use only
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33 208 211 3 1.14 CMRC1862D 516315 6709009 340 437.89 -60/267 357 362 5 9.15 176 179 3 1.18 247 250 2 0.74 286 288 2 1.09 318 319 1 2.54 332 349 16 1.5 168 170 2 2.4 367 382 15 1.58 93 95 2 1 76 82 6 0.64 59 63 4 0.49 51 54 3 1.78 44 45 1 0.51 36 37 1 0.5 16 18 2 0.75 27 31 4 0.68 124 125 1 1.68 CMRC1863D 516247 6709082 341 156 -60/270 106 107 1 2.45 121 122 1 0.58 53 54 1 1.21 29 36 7 0.67 130 131 1 0.73 CMRC1864D 516305 6709084 340 408.6 -59/270 173 174 1 0.89 140 141 1 1.1 346 363 17 2.3 337 340 3 0.65 312 331 18 1.48 296 298 1 6.3 263 265 1 2.97 247 251 3 0.45 201 208 7 1.13 188 189 1 2.05 195 196 1 0.61 110 115 5 0.5 90 102 12 1.79 61 64 3 1.06 55 56 1 0.55 49 50 1 1.29 43 45 2 0.94 32 37 5 0.93 20 28 8 1.33 0 1 1 0.72 123 124 1 1.05 CMRC1865D 516337 6709246 340 144 -60/270 47 48 1 0.76 80 96 16 0.97 For personal use only
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34 16 17 1 0.77 1 5 4 2.18 125 128 3 0.63 CMRC1866 515408 6708951 352.74 120 -59/270 0 5 5 0.67 64 65 1 0.52 113 114 1 0.79 CMRC1867 515527 6709019 353 132 -62/270 73 75 2 4.82 94 95 1 0.62 CMRC1870 515284 6709207 356 144 -60/270 46 47 1 0.71 51 52 1 0.51 65 66 1 0.54 CMRC1872 515306 6709179 356.77 150 -61/270 58 59 1 0.58 88 89 1 1.52 98 101 3 1.97 CMRC1873 515288 6709156 356.42 126 -61/270 48 55 7 6.15 80 81 1 5.51 60 64 4 1.23 CMRC1874 515312 6709153 356.91 150 -61/270 105 107 2 0.63 122 123 1 4.29 83 85 2 0.73 67 70 3 0.66 62 63 1 1.5 52 53 1 0.9 39 40 1 0.87 CMRC1875 515287 6709107 356.86 138 -60/270 53 65 12 1.11 CMRC1876 515309 6709109 357 90 -61/272 78 82 4 0.95 55 66 11 0.63 CMRC1877 516492 6709461 350.26 240 -62/298 158 159 1 0.56 236 240 4 1.2 221 231 10 0.74 178 194 16 2.06 168 174 6 0.46 140 141 1 2.19 134 135 1 0.53 96 97 1 0.86 48 56 8 1.84 74 76 2 1.88 CMRC1878 516500 6709490 351 204 -60/300 171 186 15 1.4 191 192 1 4.64 133 139 6 1.15 111 115 4 2.71 164 167 3 1.22 CMRC1879 516504 6709519 351 222 -61/303 182 183 1 0.5 127 134 7 0.74 219 220 1 0.53 189 190 1 0.74 For personal use only
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35 174 178 4 1.35 169 170 1 0.63 156 157 1 0.67 199 201 2 4.46 CMRC1880 516562 6709556 350.47 306 -61/300 56 58 2 2.03 220 221 1 0.62 270 271 1 0.72 256 261 5 0.52 251 252 1 1.18 290 304 14 3.58 145 146 1 1.32 76 77 1 0.68 49 51 2 0.92 20 21 1 1.01 81 82 1 0.54 CMRC1881 516405 6708772 340.58 246 -60/271 243 244 1 2.84 238 239 1 0.55 144 145 1 0.74 207 211 4 2.15 191 192 1 2.39 181 182 1 0.72 167 170 3 0.81 113 120 7 0.57 108 109 1 1.57 97 98 1 1.03 73 74 1 0.65 62 63 1 0.81 1 3 2 0.74 9 11 2 1.05 131 132 1 2.89 CMRC1882D 516478 6709345 337.17 564.2 -61/270 43 51 8 1.13 480 487 7 0.9 469 476 7 0.42 446 455 9 1.37 402 404 1 0.61 352 353 1 5.87 271 274 3 0.71 216 218 2 0.54 205 209 4 0.8 67 72 5 4.68 490 497 6 1.15 2 4 2 1.65 131 134 3 3.62 CMRC1883D 516475 6709218 337.68 108 -63/269 28 37 9 0.71 CMRC1884D 516480 6709218 337.58 612.11 -64/268 307 308 1 0.92 558 559 1 1.12 For personal use only
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36 472 492 19 1.09 458 467 9 1.07 413 414 1 6.58 37 38 1 0.85 324 328 3 2.17 275 277 2 0.58 248 249 1 0.97 231 243 11 0.51 145 152 6 1.98 129 139 10 0.77 123 125 1 1.17 109 113 4 2.62 51 52 1 0.5 331 332 1 0.91 CMRC1885D 516433 6709106 337.43 450.24 -63/267 159 167 8 0.92 445 449 4 1.86 410 411 1 1 304 308 4 2.65 341 342 1 0.81 388 391 3 1.01 105 106 1 0.82 43 45 2 1.01 24 25 1 14.15 18 19 1 2.89 154 155 1 0.92 CMRC1886D 516367 6708938 340 550.08 -62/269 152 155 3 2.87 232 233 1 0.52 161 162 1 1.14 139 140 1 0.68 86 88 2 1.04 79 80 1 1.01 72 74 2 1.12 58 59 1 0.55 107 115 8 2.05 210 218 8 0.69 CMRC1887D 516394 6708858 341 629.95 -63/268 475 476 1 7.74 591 592 1 0.88 396 397 1 7.78 405 406 1 1.87 412 415 3 0.31 468 469 1 0.53 488 500 11 2.49 283 284 1 0.73 169 189 20 2 431 433 1 3.23 236 238 1 0.99 For personal use only
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37 196 206 10 1.38 159 160 1 0.57 153 154 1 0.52 142 146 4 0.8 112 113 1 1.63 101 104 3 1.47 35 36 1 4.44 260 264 3 1.09 221 230 9 0.31 CMRC1888D 516375 6708854 341 600.13 -62/269 69 75 6 0.64 177 181 4 3.05 170 171 1 1.28 153 158 5 0.67 117 132 15 0.76 107 108 1 0.51 100 101 1 0.88 CMRC1889D 516402 6708784 342 590.1 -62/269 208 214 6 1.84 199 201 2 8.96 219 220 1 0.7 130 131 1 0.7 44 45 1 0.59 28 29 1 0.53 1 2 1 0.83 173 180 7 0.58 159 160 1 2.35 CMRC1890D 516385 6708746 343 621.38 -64/269 196 208 12 1 4 7 3 0.59 63 65 2 5.93 91 92 1 1.89 103 104 1 0.52 168 176 8 0.47 CMRC1891D 516373 6708509 345 222 -60/269 162 163 1 0.52 149 150 1 1.26 134 136 2 0.74 128 129 1 2.64 115 119 4 0.41 104 105 1 0.71 36 38 2 0.68 59 60 1 0.79 CMRC1892D 516392 6708456 347.25 198 -61/271 107 118 11 1.6 32 36 4 4.85 62 63 1 0.92 CMRC1893D 516391 6708433 348 150 -60/270 26 41 15 2.47 114 129 15 0.7 CMRC1894D 516388 6708435 348 138 -60/267 10 11 1 0.54 29 30 1 2.16 For personal use only
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38 34 41 7 2.41 80 81 1 1.23 113 124 11 0.97 CMRC1895D 516371 6708395 348.24 150 -61/270 141 142 1 0.61 42 43 1 1.13 91 97 6 1.86 126 127 1 1.74 CMRC1896D 516395 6708558 345.68 200 -62/270 120 121 1 4.33 104 107 3 0.74 91 93 2 0.61 26 35 9 0.67 73 74 1 0.72 CMRC1897D 516342 6708910 335.98 132 -63/268 58 59 1 0.55 65 75 10 0.42 79 82 3 0.79 86 87 1 2.24 CMRC2067 514305.62 6718016.32 339.17 204 -60/270 81 82 1 0.73 189 192 3 1.94 198 203 5 9.16 76 77 1 0.7 68 69 1 0.5 181 182 1 0.55 176 177 1 3.24 CMRC2070 514325.01 6717876.04 341.2 186 -60/270 100 101 1 0.59 109 114 5 0.38 91 92 1 1.99 78 83 5 1.77 52 53 1 2.29 29 30 1 0.84 0 1 1 0.88 140 141 1 0.59 CMRC2071 514279.45 6717903.2 342.82 216 -60/270 1 4 3 3.48 52 53 1 0.85 58 63 5 0.59 83 86 3 0.79 179 182 3 1.04 199 203 4 1.27 CMRC2081 514023.76 6717182.28 349.76 198 -60/270 88 89 1 3.7 181 185 4 1.66 151 152 1 0.8 66 75 9 0.49 32 37 5 0.67 159 161 2 0.86 80 83 3 3.77 CMRC2177D 516325.57 6708719.39 343.4 579.22 -63/262 417 443 26 1.72 558 559 1 0.66 For personal use only
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39 508 512 4 0.74 455 461 5 2.19 408 409 1 0.51 211 213 2 0.99 150 159 8 2.14 141 142 1 0.64 93 94 1 0.53 66 69 3 1.24 34 38 4 1.24 494 500 6 0.67 CMRC2208 513981.78 6717114.39 350.1 150 -60/131 46 49 3 1.25 58 64 6 2.18 CMRC2209 513881.04 6717077.52 352.23 126 -61/130 39 40 1 4.7 96 103 7 1.61 CMRC2210 513938.1 6717148.49 350.55 186 -60/129 134 135 1 1.59 74 76 2 0.57 95 96 1 0.81 122 125 3 2.54 143 151 8 0.61 179 180 1 0.88 108 109 1 0.57 CMRC2211 514051.64 6717114.06 350.46 144 -59/129 37 38 1 1.75 69 72 3 0.5 104 105 1 0.72 CMRC2212 513975.65 6717165.54 350 222 -59/131 64 66 2 0.92 71 72 1 1.06 96 97 1 0.98 CMRC2213 513941.51 6717218.89 350.19 210 -60/128 53 54 1 0.72 176 180 4 0.39 129 135 6 0.95 118 119 1 1.35 90 91 1 0.84 11 19 8 2 100 105 5 0.75 CMRC2214 514059.28 6717168.67 350.07 174 -60/130 80 81 1 4.89 53 60 7 0.94 122 123 1 0.57 105 110 5 0.33 95 96 1 0.58 88 89 1 0.93 64 65 1 3.81 47 49 2 3.36 39 41 2 0.87 73 74 1 1.03 34 35 1 1.29 CMRC2215 514079.74 6717195.8 350.16 180 -60/130 39 41 2 1.72 For personal use only
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40 79 83 4 0.69 93 104 11 0.83 CMRC2217D 516396.37 6708393.36 347.75 652.03 -58/270 621 622 1 0.65 329 332 3 2.31 441 442 1 1.15 469 470 1 0.54 474 483 9 0.47 505 510 4 0.93 539 540 1 0.61 591 604 13 1.22 315 316 1 1.16 486 501 15 1.71 548 549 1 0.63 39 57 18 1.12 291 292 1 1.07 26 34 8 1.69 64 68 4 1.47 124 132 8 1.09 169 174 5 0.4 515 527 11 1.48 191 192 1 1.21 228 234 5 0.57 278 281 3 0.51 286 287 1 0.73 12 15 3 0.47 CMRC2218D 516407.96 6708612.96 345.1 678.05 -59/270 498 499 1 0.51 291 297 6 0.72 514 529 14 1.72 483 487 4 0.38 440 447 6 1.75 346 349 2 1.06 314 316 2 0.79 306 310 4 0.37 9 10 1 0.64 210 214 4 1.34 188 190 1 1.59 76 77 1 1.03 65 66 1 0.69 56 57 1 0.57 35 37 2 0.99 548 554 5 1.28 239 241 1 0.91 CMRC2219D 516392.44 6708697.52 343.79 630 -60/270 269 270 1 0.69 313 315 1 1.13 467 498 31 2.98 526 528 1 1.32 For personal use only
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41 626 627 1 1.16 263 265 1 2.5 599 602 3 3.23 223 225 1 1.1 200 207 7 0.54 165 170 5 4.24 154 155 1 0.68 73 74 1 0.57 25 26 1 0.52 248 249 1 2.35 277 279 2 0.35 CMRC2220 514111.41 6717203.85 350.77 180 -60/130 0 1 1 0.53 97 98 1 1.64 89 90 1 0.69 58 60 2 0.67 84 85 1 0.54 CMRC2221 514137 6717231 350.51 174 -60/130 14 15 1 0.93 113 130 17 0.54 CMRC2222 514023 6717284 348.75 234 -61/130 25 30 5 0.44 185 191 6 0.39 97 99 2 0.86 37 40 3 1.47 50 51 1 1.28 78 81 3 1.45 CMRC2223 513976 6717282 349.25 216 -61/130 28 30 2 0.54 34 35 1 0.93 79 81 2 0.99 85 90 5 0.94 95 96 1 1.03 121 125 4 1.49 142 149 7 0.94 160 161 1 0.5 188 189 1 2.11 CMRC2224 514071 6717299 349.07 216 -60/130 46 50 4 1.67 150 151 1 0.91 0 1 1 0.77 CMRC2225 514043 6717335 348.35 252 -61/130 230 234 4 0.36 31 32 1 2.13 39 45 6 1.41 57 58 1 0.5 64 69 5 2.13 81 83 2 0.77 87 92 5 3.36 110 111 1 0.58 141 142 1 1.1 1 2 1 0.56 For personal use only
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42 CMRC2226 514038.62 6717409.66 347.45 210 -62/130 134 140 6 0.94 196 197 1 1.58 146 166 20 1.93 110 112 2 0.78 75 76 1 3.4 104 106 2 1.15 122 130 8 0.87 CMRC2227 514093.68 6717355.33 348.45 114 -61/130 0 4 4 1.54 40 46 6 1.33 51 52 1 0.68 59 60 1 2.45 CMRC2228 514100.08 6717469.53 346.79 156 -61/130 35 51 16 0.62 109 119 10 2.92 56 57 1 0.56 30 31 1 0.59 0 2 2 0.83 92 94 2 0.61 CMRC2229D 516389.17 6709281.84 337.62 458.9 -61/270 187 189 1 0.88 404 413 8 3.35 387 397 9 1.31 371 383 12 1.47 54 55 1 1.11 356 364 7 1.8 431 432 1 1.37 222 223 1 0.57 142 143 1 1.36 131 132 1 0.5 96 97 1 1.45 35 45 10 6.93 23 29 6 0.45 6 7 1 0.5 153 156 3 0.73 125 126 1 0.9 CMRC2230 514182.58 6717262.11 350.33 180 -60/130 134 137 3 2.87 CMRC2231 514037.16 6717468.2 346.94 174 -60/130 90 96 6 0.68 152 174 22 0.56 132 136 4 0.51 104 108 4 0.94 54 55 1 0.53 121 125 4 1.17 CMRC2232 514074.5 6717428.48 347.2 138 -61/130 1 2 1 0.62 49 65 16 0.83 72 74 2 0.65 78 90 12 0.78 98 99 1 0.57 CMRC2233 514069 6717438 351.1 162 -61/128 60 74 14 0.81 For personal use only
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43 161 162 1 0.61 135 137 2 2.7 84 94 10 0.63 115 129 14 0.82 CMRC2234 514007 6717491 347.5 222 -60/129 148 159 11 0.65 174 175 1 0.63 179 187 8 3.98 199 205 6 0.94 213 222 9 0.54 CMRC2235 513987 6717509 347.5 336 -60/131 196 206 10 2.83 307 308 1 0.65 257 260 3 0.58 212 213 1 0.57 150 151 1 2.07 222 252 30 1.59 CMRC2236 513996 6717443 348 180 -60/129 0 1 1 0.61 124 128 4 1.7 139 140 1 0.68 146 147 1 0.54 169 180 11 1.66 CMRC2237 513977 6717449 348.2 204 -59/129 142 143 1 0.69 188 200 12 0.74 151 152 1 0.78 CMRC2238 514034 6717587 355 332 -60/128 269 270 1 1.47 11 12 1 0.62 133 134 1 0.6 208 209 1 1.01 220 221 1 0.52 243 246 3 0.62 CMRC2240 514214 6717633 344.5 144 -60/130 82 102 20 2.46 32 41 9 0.86 73 75 2 1.18 CMRC2241D 516306 6708868 336.28 180 -57/270 102 107 5 0.64 94 98 4 3 155 156 1 0.74 145 146 1 0.63 140 141 1 0.57 1 3 2 0.82 83 84 1 0.74 34 42 8 1.57 17 26 9 1.47 117 118 1 1.71 CMRC2242D 516430 6709035 338 630.09 -59/271 229 233 3 1.35 274 275 1 0.67 282 286 4 6.62 299 304 4 0.69 For personal use only
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44 391 392 1 0.5 464 475 11 2.82 34 36 2 4.68 509 515 6 5.25 526 528 1 0.94 213 214 1 1.08 437 458 20 1.96 198 201 2 1.85 188 191 3 1.31 168 171 3 2.11 156 162 6 0.86 145 146 1 0.55 136 139 3 0.89 111 113 2 1.83 70 72 2 0.81 41 43 2 0.6 2 3 1 0.55 55 63 8 0.78 CMRC2243 516473 6709033 339.25 216 -60/270 87 93 6 2.08 150 164 14 0.81 136 137 1 0.79 127 128 1 1.13 66 74 8 0.5 22 23 1 1.2 100 101 1 0.56 CMRC2244 516531 6709030 339.69 192 -61/270 36 41 5 6.12 55 57 2 0.84 76 79 3 0.85 166 169 3 0.91 181 184 3 1.66 CMRC2245 516557 6709035 339.55 210 -59/271 38 49 11 0.41 189 190 1 0.71 106 111 5 0.59 121 122 1 3.93 CMRC2246 516523 6709090 339 180 -61/271 28 39 11 0.92 83 90 7 1.17 107 108 1 0.69 143 144 1 0.54 159 162 3 1.03 179 180 1 0.66 CMRC2247 516528 6708982 340.19 170 -61/270 51 52 1 1 71 72 1 0.71 25 33 8 0.64 7 8 1 0.57 166 167 1 0.69 41 43 2 0.61 For personal use only
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45 CMRC2248 516469 6708983 340 132 -60/270 119 120 1 0.56 CMRC2249 516477 6709134 337 179 -62/270 69 79 10 1.69 121 124 3 0.91 129 130 1 0.77 150 155 5 1.49 164 167 3 1.18 CMRC2250 516527 6709140 338 198 -60/270 70 71 1 0.69 183 191 8 4.07 165 166 1 0.58 131 132 1 2.07 19 23 4 6.43 13 14 1 2.76 139 150 11 1.54 CMRC2251 514111 6717669 354.28 204 -60/129 12 13 1 0.66 101 102 1 1.05 122 123 1 1.36 131 132 1 1.33 149 152 3 0.37 167 169 2 1.16 CMRC2252 514135 6717696 353.32 222 -59/128 92 93 1 2.34 115 123 8 0.45 CMRC2253 514074 6717554 354.75 163 -60/130 11 12 1 0.61 114 120 6 1.06 106 109 3 4.72 CMRC2254 514298 6717959 339.75 222 -60/130 189 191 2 1.4 202 203 1 1.52 183 184 1 1.08 174 175 1 0.71 137 140 3 0.67 76 77 1 0.93 65 66 1 0.75 37 38 1 0.76 15 16 1 1.35 CMRC2255 514270 6718056 338.75 224 -59/131 76 77 1 0.91 37 42 5 0.97 CMRC2256 514311 6717828 343.12 162 -60/131 124 129 5 0.47 133 134 1 1.21 CMRC2257 514363 6717838 342.5 150 -59/131 4 5 1 0.51 65 66 1 1.34 CMRC2258 514270 6717848 344.28 210 -60/130 155 156 1 0.53 88 89 1 0.67 183 186 3 0.95 56 59 3 0.7 46 49 3 0.43 1 4 3 0.65 79 84 5 1.08 For personal use only
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46 CMRC2259 514054 6717527 352.99 276 -60/130 174 175 1 0.83 189 191 2 1.27 195 196 1 0.51 242 243 1 0.5 CMRC2260 514078 6717497 346.87 216 -58/130 122 123 1 0.85 147 148 1 0.96 86 87 1 1.68 79 81 2 0.64 68 70 2 4.2 52 53 1 0.56 192 193 1 1.29 CMRC2261 514130 6717571 346.25 156 -60/130 26 27 1 0.69 33 34 1 0.98 58 59 1 1.26 87 88 1 1.12 103 104 1 0.6 116 119 3 1.14 130 132 2 1.45 CMRC2262 514138 6717624 347.85 162 -60/130 83 84 1 0.51 140 144 4 0.52 149 150 1 1.6 100 102 2 0.8 50 52 2 1.47 41 42 1 3.28 6 7 1 0.57 126 127 1 0.5 59 62 3 1 CMRC2263 514180 6717666 344.5 168 -61/129 52 54 2 0.73 85 86 1 1.14 101 102 1 0.68 152 153 1 0.59 165 166 1 0.6 CMRC2264 514243 6717677 343.74 150 -60/131 66 67 1 1.27 90 100 10 2.61 50 51 1 0.93 110 117 7 1.04 CMRC2265 514208 6717708 343.93 192 -61/130 43 44 1 0.52 50 51 1 0.63 84 86 2 1 119 121 2 0.83 141 151 10 0.43 163 164 1 1.5 CMRC2266 514240 6717742 343 174 -62/131 77 79 2 2.19 156 159 3 2.3 165 166 1 0.72 110 112 2 1.07 For personal use only
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47 51 53 2 0.59 44 45 1 0.53 139 140 1 0.53 61 62 1 0.54 CMRC2267 514275.79 6717779.38 342.61 144 -60/130 43 44 1 1.19 48 54 6 0.83 74 78 4 0.37 90 93 3 0.77 131 144 13 1.8 CMRC2268 514237.14 6717811.79 345.8 270 -61/129 89 92 3 1.18 198 199 1 0.5 113 118 5 0.56 96 100 4 0.56 59 60 1 0.62 40 41 1 1.09 104 106 2 0.62 CMRC2269 514229.76 6717883.24 350.22 210 -61/124 1 3 2 1.59 35 40 5 0.29 108 109 1 0.53 114 126 12 0.57 132 133 1 1.22 CMRC2270 514134.38 6717327.17 349.31 96 -56/312 1 2 1 0.71 84 96 12 1.27 77 78 1 0.7 52 68 16 0.65 45 46 1 0.92 CMRC2271 513901.91 6717195.47 351.25 270 -60/130 225 226 1 0.67 34 35 1 8.41 45 46 1 1.17 142 143 1 0.77 162 167 5 0.73 172 177 5 0.55 201 209 8 0.68 219 221 2 7.15 CMRC2272 514208 6717772 351.25 312 -61/130 199 200 1 0.7 174 175 1 0.73 107 119 12 1.9 102 103 1 0.84 95 97 2 2 58 59 1 1.34 35 41 6 0.52 47 48 1 1.04 CMRC2273 514083 6717542 351.25 270 -60/130 97 108 11 0.92 148 149 1 0.82 169 170 1 1.07 82 88 6 1.35 For personal use only
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48 53 54 1 0.52 76 78 2 0.7 176 177 1 0.73 92 93 1 0.52 CMRC2274 514058 6717595 354.75 270 -60/130 226 233 7 0.43 CMRC2275 514145 6717505 346.44 180 -61/130 17 18 1 0.65 24 26 2 0.83 61 67 6 2.14 76 80 4 1.74 85 88 3 0.8 CMRC2277 514152 6717520 346.25 222 -52/130 43 44 1 1.64 175 178 3 2.83 63 66 3 2.69 25 26 1 0.93 72 86 14 1.04 CMRC2278 514261 6717729 343.5 240 -60/130 45 46 1 1.53 51 54 3 0.39 67 68 1 0.54 125 133 8 0.57 138 139 1 0.5 143 144 1 0.6 CMRC2279D 516443 6709588 350 467.12 -60/270 120 123 3 1.96 55 65 10 2.85 160 161 1 0.97 140 141 1 0.51 132 133 1 1.91 36 38 2 10.37 80 88 8 2.37 92 103 11 1.09 107 110 3 1.49 CMRC2280D 516402 6709559 350.82 417.27 -61/270 215 221 5 0.88 365 367 1 10.03 324 357 32 2.41 316 318 1 25.57 238 239 1 0.55 144 145 1 3.71 105 107 2 1.05 70 71 1 0.57 63 64 1 0.63 58 59 1 12 41 50 9 2.2 10 11 1 0.54 264 265 1 0.71 CMRC2281D 516422 6709390 351 444 -60/271 93 105 12 0.82 220 230 10 2.89 421 424 2 1.94 For personal use only
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49 406 417 11 3.13 378 402 24 6.66 349 352 3 1.02 432 433 1 0.72 338 339 1 1.62 182 187 5 3.62 157 168 11 1.59 112 116 4 0.47 73 74 1 0.96 65 66 1 0.58 5 7 2 0.84 204 209 5 0.51 125 128 3 1.06 CMRC2282D 516295 6708804 337.17 511.7 -62/267 413 414 1 0.76 309 310 1 0.56 362 365 3 0.71 369 385 16 2.6 389 392 3 0.49 401 408 6 8.56 427 428 1 0.74 295 298 2 0.98 455 458 2 0.61 226 228 1 1.18 177 179 2 2.29 129 133 4 0.94 112 113 1 0.67 91 107 16 1.03 27 47 20 1.96 77 78 1 0.51 241 242 1 0.69 55 56 1 0.53 432 433 1 5.12 CMRC2283D 516281 6708790 338 204 -60/271 50 51 1 0.54 198 204 6 5.51 193 194 1 1.55 149 155 6 0.75 132 134 2 4.84 119 120 1 0.61 97 98 1 0.65 57 62 5 1.53 28 37 9 0.54 72 92 20 1.02 CMRC2285D 516266 6708984 339.11 372 -60/271 279 280 1 3.63 243 245 1 2.32 366 368 2 5.41 354 357 3 0.69 For personal use only
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50 306 325 19 1.38 207 211 4 0.52 200 202 2 0.76 194 195 1 0.63 155 160 5 0.74 142 143 1 3.27 235 237 2 0.48 284 291 7 1.58 CMRC2286D 516302 6709029 340 504.21 -62/267 91 94 3 2.06 336 347 11 1.71 324 331 6 0.66 306 316 10 1.7 254 255 1 4.71 235 236 1 0.89 230 231 1 0.57 208 209 1 0.92 151 152 1 0.64 81 82 1 0.55 60 69 9 0.81 54 55 1 0.88 48 50 2 0.9 36 43 7 0.68 26 28 2 0.58 203 204 1 0.58 CMRC2287D 516387 6709060 337 593.83 -64/269 81 82 1 0.97 272 274 2 1.45 245 248 3 0.54 207 209 1 1.25 281 288 7 0.89 179 183 4 0.85 104 105 1 0.5 71 72 1 0.82 64 65 1 0.66 43 56 13 1.06 155 158 3 0.89 109 114 5 1.61 CMRC2288D 516452 6709255 338 168 -57/270 63 72 9 1.67 107 111 4 0.53 46 57 11 2.46 41 42 1 1.43 34 35 1 2.84 25 27 2 8.44 123 124 1 0.5 CMRC2289D 516289 6708892 336.36 439.9 -62/268 224 227 3 0.65 209 210 1 0.69 400 401 1 0.58 For personal use only
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51 371 380 9 0.45 354 366 12 0.76 345 349 3 1.15 321 327 5 1.32 285 287 2 4.57 240 244 4 1.22 417 419 2 7.41 171 173 2 9.41 153 158 5 0.67 139 142 3 0.69 130 133 3 1.43 122 123 1 0.74 116 117 1 3.73 74 77 3 0.67 65 66 1 0.65 31 32 1 0.56 198 205 7 3.23 269 272 2 0.94 CMRC2290D 516309 6708936 337.3 170 -61/269 49 50 1 3.54 169 170 1 1.51 159 160 1 0.57 142 143 1 0.86 82 88 6 1.91 23 43 20 0.63 120 121 1 0.94 CMRC2291D 516315 6708868 335.55 492.15 -63/268 184 188 3 0.77 409 423 13 0.86 431 439 8 0.72 391 399 8 3.74 331 334 2 1 302 305 3 1.34 295 299 3 0.28 290 291 1 1.47 249 254 4 1.01 23 29 6 1.46 40 41 1 2.13 46 56 10 2.83 84 85 1 1.25 109 113 4 0.59 117 118 1 0.54 125 127 2 1 132 135 3 0.91 176 177 1 0.62 CMRC2292D 516237 6708981 338.43 240 -60/270 75 76 1 0.82 137 142 5 0.59 214 216 2 0.8 For personal use only
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52 195 197 2 0.61 169 172 3 0.59 154 160 6 1.79 148 149 1 0.58 119 121 2 1.04 100 101 1 1.71 50 54 4 1.01 26 34 8 1.38 10 12 2 0.82 105 106 1 0.64 CMRC2293D 516380 6709217 338.5 168 -62/270 81 88 7 1.44 1 4 3 1.17 107 108 1 1.13 100 101 1 1.09 57 62 5 1.7 39 43 4 0.46 48 50 2 1.51 66 68 2 0.88 CMRC2294D 516460 6709274 338 549.3 -60/270 130 138 8 0.64 439 445 5 3.4 314 315 1 0.91 307 308 1 0.5 292 295 2 0.73 230 234 4 1.48 196 197 1 0.51 123 126 3 0.94 115 116 1 1.23 106 107 1 0.7 69 71 2 1.56 37 58 21 1.71 460 488 28 1.25 204 205 1 0.5 CMRC2295D 516441 6709333 338.7 150 -61/271 91 93 2 0.64 63 64 1 2.55 36 49 13 1.7 26 29 3 1.46 CMRC2296D 517188 6711130 321.85 192 -59/300 115 116 1 0.95 125 126 1 0.77 CMRC2297D 517227 6710935 322.73 157 -60/300 102 103 1 0.69 CMRC2298D 517131 6710952 324 657.2 -61/300 616 618 1 0.62 623 637 13 1.91 594 604 9 2.51 574 586 11 0.82 562 565 3 0.74 542 545 3 1.26 525 526 1 0.54 For personal use only
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53 515 518 3 0.73 479 482 3 0.47 462 465 3 1.11 454 455 1 0.64 435 437 2 0.5 412 427 15 4.47 190 191 1 2.79 31 32 1 1.31 1 2 1 0.71 503 508 5 1.16 CMRC2299D 517038 6710882 326.17 210 -60/300 61 62 1 1.43 182 183 1 1.3 196 197 1 1.89 CMRC2300D 517010 6710754 333.91 184 -59/300 12 14 2 0.63 153 154 1 1.19 4 6 2 0.72 178 179 1 1.78 CMRC2301D 517070 6710761 325 138 -60/300 49 51 2 0.67 112 120 8 0.45 CMRC2302D 517149 6710746 324.17 210 -60/300 76 77 1 2.26 190 198 8 20.88 205 207 2 1.18 CMRC2303D 517216 6710851 323.32 168 -60/300 67 68 1 0.78 CMRC2308 515623 6709593 353.44 102 -60/269 0 4 4 0.62 64 68 4 0.84 CMRC2311 515927 6709597 360.72 114 -59/269 4 8 4 0.59 CMRC2312 515628 6709497 355.68 102 -60/268 8 12 4 0.81 CMRC2314 515822 6709497 365.32 120 -60/269 8 16 8 0.72 CMRC2318 515826 6709390 371.88 132 -61/271 20 24 4 1.12 CMRC2319 515733 6709296 373 120 -61/275 12 20 8 1.06 24 28 4 0.68 CMRC2320 515806 6709297 372.43 138 -61/271 20 24 4 0.71 96 100 4 0.61 CMRC2321D 516389 6709009 339 530.97 -62/267 203 204 1 0.65 403 406 3 0.39 395 396 1 1.32 367 371 3 1.64 357 359 2 0.24 343 347 4 1.46 331 333 2 1.12 219 220 1 0.66 183 192 9 0.73 166 167 1 0.59 158 161 3 0.53 127 133 6 0.61 117 119 2 1.85 For personal use only
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54 100 102 2 1.29 83 90 7 2.36 243 244 1 0.65 CMRC2322D 516449 6709014 339.22 217 -63/268 131 136 5 1.54 120 121 1 0.69 165 166 1 1.48 34 36 2 1.34 61 62 1 0.86 216 217 1 3.72 90 91 1 0.54 CMRC2323D 516503 6709393 342.29 198 -62/269 47 52 5 4.36 119 124 5 0.73 148 151 3 3.39 CMRC2324D 516333 6708616 345.78 558 -60/272 158 163 5 0.74 244 246 1 1.55 221 222 1 0.65 167 168 1 0.5 125 126 1 4.85 111 112 1 1.38 36 42 6 0.85 29 30 1 2.47 9 10 1 0.53 208 217 9 0.51 CMRC2325D 516354 6708619 345.39 561.3 -60/270 33 34 1 0.77 56 57 1 0.9 134 137 3 3.34 151 155 4 2.46 CMRC2326D 516383 6708588 345 180 -61/270 90 91 1 1.59 8 9 1 0.56 128 129 1 0.53 140 145 5 1.12 98 99 1 0.54 59 60 1 1.3 49 51 2 0.87 14 18 4 0.43 85 86 1 0.75 36 44 8 1.25 CMRC2327D 516384 6708648 344.89 240 -61/269 178 180 2 1.04 221 226 5 0.32 154 155 1 0.65 103 104 1 0.78 43 44 1 1.36 9 10 1 0.9 232 234 2 1.92 CMRC2328D 516406 6708648 344.89 234 -62/269 32 33 1 0.54 108 109 1 0.61 For personal use only
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55 138 141 3 2.61 169 170 1 0.67 185 187 2 0.85 202 203 1 0.6 CMRC2329D 516403 6708688 344.2 216 -62/269 38 39 1 0.58 180 185 5 1.06 189 191 2 0.74 9 10 1 0.64 174 176 2 0.77 166 170 4 0.54 CMRC2330D 516404 6708917 341 216 -61/268 154 157 3 1.21 202 205 3 1.3 194 198 4 0.82 182 185 3 0.83 169 173 4 2.61 145 149 4 1.33 133 137 4 1.03 125 126 1 0.51 116 118 2 1.77 39 46 7 1.06 0 1 1 5.56 177 178 1 1.19 CMRC2332 515525 6709389 352.1 138 -61/269 136 138 2 1.29 CMRC2334 515527 6709193 363 120 -61/270 12 20 8 1.37 72 76 4 0.68 CMRC2336 515729 6709195 369.38 120 -60/271 12 16 4 0.58 CMRC2337 515835 6709197 365.14 114 -60/270 8 12 4 1.6 For personal use only
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56 Appendix 3 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg 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 (eg ‘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 (eg submarine nodules) may warrant disclosure of detailed information. RC drilling at MGGP completed by Topdrill with the same techniques and process at both. For Reverse Circulation (RC) drilling 2kg - 3kg samples are split from dry 1m bulk samples. The sample was collected through a cyclone and cone splitter. DD samples were collected at 0.3-1m intervals with half sawn 2kg - 3kg core samples sent to for Au analysis. Grade control drilling used the same sampling, analytical and QAQC techniques stated above and below for RC drilling. The grade control drilling was completed with a AC rig by prospect drilling with a blade bit collecting 2kg - 3kg samples split from dry 1m bulk samples. The sample was collected through a cyclone and cone splitter. For regional first pass RC drilling 1m sample was collected in a bucket and then tipped in neat lines on the ground. The piles were then sampled by using a spear to collect a field composite (4m RC) 2.0kg to 3.0kg sample which was then placed in a calico bag. Field duplicates were not collected for the regional RC drilling. CRM were inserted at a ratio of 1:30 composites for regional RC. The grade ranges of the CRM’s were selected based on grade populations and economic grade ranges. +100-200ppb then have their corresponding 1m rig split samples sent for fire assay with the below 1m QAQC applied appropriate for use in JORC resource reporting. 1m RC Field duplicates were collected at a ratio of 1:40 and collected at the same time as the original sample through the B chute of the cone splitter. Matrix matched CRMS and OREAS certified reference material (CRM) were inserted at a ratio of 1:40. The grade ranges of the CRM’s were selected based on grade populations and economic grade ranges. Samples were sent to the laboratory where they were pulverised to produce a 50 g charge for fire assay. Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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). RC: Topdrill Drilling drill rig was used to drill the RC drill holes: Hole diameter was 140mm. DD: Topdrill RC and DD drill rig was used with RC pre-collars averaging 190m depth, then NQ2 coring to EOH. All core oriented by reflex instrument. 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. RC: Once drilling reached fresh rock a fine spray of water was used to suppress dust and limit the loss of fines thorough the cyclone chimney. At the end of each metre the bit was lifted off the bottom to separate each metre drilled. The majority of samples were of good quality with ground water having minimal effect on sample quality or recovery. There is no obvious relationship between sample recovery and grade. DD: Diamond Core recoveries are very high due to the competent ground. Any core recovery issues are noted on core blocks and logged. There is no known relationship between sample For personal use only
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57 Criteria JORC Code explanation Commentary recovery and grade. . 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. Reverse circulation chips were washed and stored in chip trays in 1m intervals for the entire length of each hole. Chip trays were stored on site in a sealed container. Chips were visually inspected and logged by an on-site geologist to record lithology (including rock type, oxidation state, weathering, grain size, colour, mineralogy, and texture), alteration, mineralisation, veining, structure, sample quality (dry/wet, contamination) and approximate water flow down hole. Mineralisation, veining and water flow were quantitative or semi- quantitative in nature; the remainder of logging was qualitative. DD: Qualitative: Lithology, colour, oxidation, grainsize, texture, structure, hardness, regolith. Quantitative: estimates are made of quartz veining, sulphide and alteration percentages. Magnetic susceptibility recorded on a per metre basis in core holes. Core hole RQD logged. Core photographed wet and dry. Bulk density determination. Logging is both qualitative and quantitative or semi-quantitative in nature. Sub-sampling 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 in situ 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. RC holes samples were split from dry, 1m bulk samples via a cone splitter directly from the cyclone. RC Field duplicates were collected at a ratio of 1:40 and collected at the same time as the original sample through the B chute of the cone splitter. Matrix matched CRMS and OREAS certified reference material (CRM) were inserted at a ratio of 1:40. The grade ranges of the CRM’s were selected based on grade populations and economic grade ranges. The duplicates and CRM’s were submitted to the lab using unique sample ID’s. 2kg – 3kg RC and DD samples are submitted to the laboratory. Samples are oven dried at 105°C then jaw crushed to -10mm followed by a Boyd crush to a nominal -2mm. Samples were rotary split to 2.5kg. Samples were then pulverised in LM5 mills to 85% passing 75 μm under sample preparation code SP3000 which consists of a 5- minute extended preparation for RC/Soil/RAB. The extended time for the pulverisation is to improve the pulverisation of samples due to the presence of garnets in the samples. All RC and DD analysed for Au using the FA50AAS technique which is a 50g lead collection fire assay. All 4m composite samples were assayed using ALS AuME-TL43, Au + ME by aqua regia extraction with ICP-MS finish.25g sample This sample preparation technique is appropriate for the MGGP; and is standard industry practice for a gold deposit. Samples greater than 3kg are split prior to pulverizing and the remainder discarded. Rock chips were prepared by ALS PUL-24 preparation code, Dry, crush ~2mm, pulverise 1.2kg up to 3kg. 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 determinin g the analysis including instrument make and model, readin g times, RC and DD: Drilling samples were submitted to ALS in Perth. 1m RC samples were assayed by 50gm fire assay which is a total assay. RC Field duplicates were collected at a ratio of 1:40 and collected at the same time as the For personal use only
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58 Criteria JORC Code explanation Commentary calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. original sample through the B chute of the cone splitter. Matrix matched CRMS and OREAS certified reference material (CRM) were inserted at a ratio of 1:40. The grade ranges of the CRM’s were selected based on grade populations and economic grade ranges. Rock chips were analysed by ALS AuME-TL43 analysis code 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. Logging and sampling were recorded directly into a Micromine Geobank template, which utilises lookup tables and in file validation on a Toughbook by the geologist on the rig. Validated data was sent to the database administrator in Perth who then carried out independent verifications using Maxwell’s Datashed. Assay results when received were plotted on section and were verified against neighbouring holes. QAQC reports were generated on a hole-by-hole basis by the database administrator as results were received. Capricorn Metals sampling, data collection in field is captured in an electronic logging system for geological, regolith, sample id, assay and surveying information. 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. • Specification of the grid system used. • Quality and adequacy of topographic control. All resource related drillhole collar positions were surveyed using hand held GPS. Drillhole location data was initially captured in the MGA94 grid system. Before further resource evaluation work the drillhole locations will be picked up with DGPS by qualified surveyors. Down hole surveys were undertaken on 30m increments from end of hole, using a Reflex down hole gyroscopic tool. The natural surface topography was modelled using a DTM generated from airborne survey, this includes waste dumps and some in-pit waste dumping. Also available are pit surveys of the mining voids at the end of historical mining to enable depletion of the CMM resource. The pit surveys and topography surface were checked in Google Earth for accuracy. Horizontal point accuracy is expected to be <5m and vertical accuracy to 0.5m. The reference datum was GDA94 and the projection was MGA Zone 50. Topographic control appears to be of good quality and is considered adequate for resource estimation. Regional AC drillhole collar positions were surveyed before and after drilling using a handheld GPS. Drillhole location data was captured in the MGA94 grid system. Down hole surveys were not undertaken for the any of the AC drilling due to the shallow nature of the holes. Any regional AC intercepts will be followed up with infill RC drilling using downhole surveys and more accurate collar survey technique. Soil and rock chips sample location were captured using a handheld GPS. All GPS data points were later visualised using ARCGIS software to ensure they were recorded in the correct position The grid system used is UTM GDA 94 Zone 51 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. RC and DD Samples were collected and analysed for each metre down the hole. RC hole spacing was between 50m N x 50m E and 25m N x 25m E, sufficient for resource estimation. For personal use only
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59 Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) 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. • 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. MGGP: The resource is located across mining tenements held by wholly owned Capricorn subsidiaries All of the tenements are subject to a 1% NSR royalty to Avenger Projects Ltd, including gold production above 90,000 ounces. A royalty is also payable to St Barbara Limited on all gold production in excess of 20,000 ounces (excluding production from historic waste dumps and tailings) at the rate of $10 per ounce, applicable to leases M 59/328, M 59/402, M 59/403, M 59/404, G 59/11, G 59/12, G 59/13, G 59/14, G 59/15, G 59/16, G 59/17, G 59/18, L 59/45, L 59/46, L 59/53 No other known impediments exist to operate in the area. No other known impediments exist to operate in the area. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. MGGP: The Mt Gibson Gold Deposit (Mt Gibson) has a history of minor gold production dating back to the 1930’s when prospectors operated small gold workings at Paynes-Crusoe and Tobias Find. While the area was subject to previous prospecting and company exploration in smaller leaseholdings, the Mt. Gibson Gold Project was first held in more-or- less its present configuration and extent by Reynolds Australia, who commenced exploration in the early 1980’s. Soil and laterite sampling resulted in several significant gold and base metal anomalies being defined; follow up rotary air blast (RAB), air core (AC), reverse circulation (RC) and diamond drilling Programmes outlined significant economic laterite and oxide resources. A joint venture between Reynolds Australia Metals and Forsayth Mining Limited (with FML as the operator) began operations in 1986, mining and processing 6.5 million tonnes of laterite ores defined by FML in 1984, followed later by oxide and sulphide ores defined by drilling beneath the laterite orebodies. The project was sold by Reynolds to Camelot Resources in 1995. Continuin g exploration resulted in the discovery of further oxide Criteria JORC Code explanation Commentary 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. Drill lines are oriented across strike on an MGA grid. MGGP orebody dips at 80 degrees to the East. Holes in the drill Programmes have been mostly drilled at inclination of -55 to -60 degrees. The orientation of the drilling is suitable for the mineralisation style and orientation of the target mineralisation. . Sample security • The measures taken to ensure sample security. Calico sample bags are sealed into green bags/polyweave bags and cable tied. These bags were then sealed in bulka bags by company personnel and dispatched by third party contractor. In-company reconciliation is completed with laboratory assay returns. Soil and rock chip samples collected by CMM and stored on site, prior to being transported to the laboratory ALS. Audits or reviews • The results of any audits or reviews of sampling techniques and data. The Competent Person for Exploration Results reported here has visited the project areas where sampling has taken place and has reviewed and confirmed the sampling procedures. For personal use only
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60 Criteria JORC Code explanation Commentary resources, mainly on the Taurus Trend, and the underground quartz-sulphide deposit at Wombat. These resources were subsequently mined and processed, all mining being completed at the end of 1997 and final milling of low grade stockpiles completed in June of 1998. A 4Mt dump leach remained in operation until November 1998, producing 68,868 ounces of gold. Including the dump leach, a total of 16,477,882 tonnes of ore was processed during the life of the operation, for 868,478 ounces of gold at an overall average grade of 1.64g/t Au. Geology • Deposit type, geological setting and style of mineralisation. MGGP: The Mt Gibson Gold Project tenements are located at the southern extremity of the Retaliation Greenstone Belt, in the SW portion of the Yalgoo-Singleton Greenstone Belt in the Murchison Province of the Yilgarn Craton. The tenements are mostly covered by a veneer of alluvial quartz sands and laterite gravels, with sporadic greenstone subcrop and outcrop, increasingly exposed in the north of the project area. The mineralised laterite gravels are situated slightly down-slope from the lode deposits on the Gibson trend. Regionally, the greenstone belt has been metamorphosed to middle amphibolite facies and hosts a number of Au-Cu deposits and prospects, including Golden Grove, 90km to the northwest of Mt.Gibson. The lode style mineralisation at Mt. Gibson is predominantly hosted by three main trends: The Gibson Trend The majority of the known and mined mineralisation is hosted by this trend. It is hypothesised to have originally been a gold-copper-zinc rich Volcanogenic Hosted Massive Sulphide (VHMS) deposit that has been overprinted by a later hydrothermal gold mineralising event. This mineralised shear zone has an arcuate north-south to northeasterly strike (trending more north-easterly in the north) and extends for more than seven kilometres from the southern granite contact to beyond the Hornet ore body. The so-called “Mine Sequence” is around 400 metres wide and consists of a parcel of sheared, metamorphosed and chlorite-biotite-muscovite altered mafic volcanics. Numerous felsic porphyries intrude the Mine Sequence. Mineralisation is hosted within multiple sets of elongate lodes with strong strike continuity, which anastomose and pinch-swell along strike and to depth. The main lode systems include Hornet, Enterprise, Orion and S2. The Taurus Trend The north-westerly trending Taurus Trend lies west of and diagonal to the Gibson Trend. Mineralisation is intimately associated with an apparently continuous felsic unit emplaced into the northwest trending shear and was discovered late in the life of the mining operation. It is characterised by discontinuous ore bodies, and strongly mineralised quartz-sulphide veining. The ore bodies on this trend include Sheldon and Wombat which, although not as continuous in strike as the ore bodies on the Gibson Trend, show a higher gold tenor. The Highway Trend The Highway Trend is a northeast trending shear zone, hosted by a mafic sequence in the western terrain, 11km northwest of the main mining area. This trend hosts the Highway ore body, and the Phoenix and Aquarius Prospects. It shares many of the characteristics of the Gibson trend, but it appears to lack the VHMS mineralising event and has generally been regarded as a predominantly low-grade system, although work from previous explores suggest it may have greater persistence and significance than previously thought and hence For personal use only
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61 Criteria JORC Code explanation Commentary justifies further attention. The project area also hosts a number of BIF and quartz hosted small mineral occurrences including Paynes-Crusoe and MacDonald’s Find. 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: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o 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. All relevant drillhole information can be found in section 1 – “Sampling techniques”, “Drilling techniques” and “Drill Sample Recovery” and the significant intercepts table. Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. • 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. • The assumptions used for any reporting of metal equivalent values should be clearly stated. Reported MGGP highlights intercepts are reported sufficient for open pit mining methods and include a minimum of 0.5g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. Reported MGGP underground focused intercepts are reported sufficient for underground mining methods and include a minimum of 1g/t Au value over a minimum length of 1m with a maximum 2m length of consecutive internal waste. No upper cuts have been applied. Relationship between mineralisation widths and intercept 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 (eg ‘down hole length, true width not known’). MGGP: The mineralisation dips steeply to the east, and drilling is generally orientated at 60 degrees to the west, meaning intercepts are roughly perpendicular to mineralisation in the majority of cases. Some vertical holes drilled from the base of mined pits and are therefore at a high degree to the mineralisation. Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Refer to the diagrams in the body of this report. 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. The accompanying document is considered to be a balanced report with a suitable cautionary note. 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. No other material information or data to report. Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth 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. Further work includes continued resource infill RC drilling at both projects. For personal use only
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62 Section 3 Estimation and Reporting of Mineral Resources (Criteria listed in section 1, and where relevant in section 2, also apply to this section.) Criteria JORC Code explanation Commentary Database integrity • Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for Mineral Resource estimation purposes. • Data validation procedures used. No Mineral Resource Estimation update being reported. Site visits • Comment on any site visits undertaken by the Competent Person and the outcome of those visits. • If no site visits have been undertaken indicate why this is the case. No Mineral Resource Estimation update being reported. Geological interpretation • Confidence in (or conversely, the uncertainty of) the geological interpretation of the mineral deposit. • Nature of the data used and of any assumptions made. • The effect, if any, of alternative interpretations on Mineral Resource estimation. • The use of geology in guiding and controlling Mineral Resource estimation. • The factors affecting continuity both of grade and geology. No Mineral Resource Estimation update being reported. Dimensions • The extent and variability of the Mineral Resource expressed as length (along strike or otherwise), plan width, and depth below surface to the upper and lower limits of the Mineral Resource. No Mineral Resource Estimation update being reported. Estimation and modelling techniques • The nature and appropriateness of the estimation technique(s) applied and key assumptions, including treatment of extreme grade values, domaining, interpolation parameters and maximum distance of extrapolation from data points. If a computer assisted estimation method was chosen include a description of computer software and parameters used. • The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. • The assumptions made regarding recovery of by-products. • Estimation of deleterious elements or other non-grade variables of economic significance (eg sulphur for acid mine drainage characterisation). • In the case of block model interpolation, the block size in relation to the average sample spacing and the search employed. • Any assumptions behind modelling of selective mining units. • Any assumptions about correlation between variables. • Description of how the geological interpretation was used to control the resource estimates. • Discussion of basis for using or not using grade cutting or capping. • The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available. No Mineral Resource Estimation update being reported. Moisture • Whether the tonnages are estimated on a dry basis or with natural moisture, and the method of determination of the moisture content. No Mineral Resource Estimation update being reported. Cut-off parameters • The basis of the adopted cut-off grade(s) or quality parameters applied. No Mineral Resource Estimation update being reported. Mining factors or assumptions • Assumptions made regarding possible mining methods, minimum mining dimensions and internal (or, if applicable, external) mining dilution. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential mining methods, but the assumptions made regarding mining methods No Mineral Resource Estimation update being reported. For personal use only
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63 Criteria JORC Code explanation Commentary and parameters when estimating Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the mining assumptions made. Metallurgical factors or assumptions • The basis for assumptions or predictions regarding metallurgical amenability. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider potential metallurgical methods, but the assumptions regarding metallurgical treatment processes and parameters made when reporting Mineral Resources may not always be rigorous. Where this is the case, this should be reported with an explanation of the basis of the metallurgical assumptions made. No Mineral Resource Estimation update being reported. Environmental factors or assumptions • Assumptions made regarding possible waste and process residue disposal options. It is always necessary as part of the process of determining reasonable prospects for eventual economic extraction to consider the potential environmental impacts of the mining and processing operation. While at this stage the determination of potential environmental impacts, particularly for a greenfields project, may not always be well advanced, the status of early consideration of these potential environmental impacts should be reported. Where these aspects have not been considered this should be reported with an explanation of the environmental assumptions made. No Mineral Resource Estimation update being reported. Bulk density • Whether assumed or determined. If assumed, the basis for the assumptions. If determined, the method used, whether wet or dry, the frequency of the measurements, the nature, size and representativeness of the samples. • The bulk density for bulk material must have been measured by methods that adequately account for void spaces (vugs, porosity, etc), moisture and differences between rock and alteration zones within the deposit. • Discuss assumptions for bulk density estimates used in the evaluation process of the different materials. No Mineral Resource Estimation update being reported. Classification • The basis for the classification of the Mineral Resources into varying confidence categories. • Whether appropriate account has been taken of all relevant factors (ie relative confidence in tonnage/grade estimations, reliability of input data, confidence in continuity of geology and metal values, quality, quantity and distribution of the data). • Whether the result appropriately reflects the Competent Person’s view of the deposit. No Mineral Resource Estimation update being reported. Audits or reviews • The results of any audits or reviews of Mineral Resource estimates. No Mineral Resource Estimation update being reported. Discussion of relative accuracy/ confidence • Where appropriate a statement of the relative accuracy and confidence level in the Mineral Resource estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the resource within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors that could affect the relative accuracy and confidence of the estimate. • The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used. • These statements of relative accuracy and confidence of the estimate should be compared with production data, where available. No Mineral Resource Estimation update being reported. For personal use only
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64 Section 4 Estimation and Reporting of Ore Reserves (Criteria listed in section 1, and where relevant in sections 2 and 3, also apply to this section.) Criteria JORC Code explanation Commentary Mineral Resource estimate for conversion to Ore Reserves • Description of the Mineral Resource estimate used as a basis for the conversion to an Ore Reserve. • Clear statement as to whether the Mineral Resources are reported additional to, or inclusive of, the Ore Reserves. No Ore Reserve being reported. Site visits • Comment on any site visits undertaken by the Competent Person and the outcome of those visits. • If no site visits have been undertaken indicate why this is the case. No Ore Reserve being reported. Study status • The type and level of study undertaken to enable Mineral Resources to be converted to Ore Reserves. • The Code requires that a study to at least Pre-Feasibility Study level has been undertaken to convert Mineral Resources to Ore Reserves. Such studies will have been carried out and will have determined a mine plan that is technically achievable and economically viable, and that material Modifying Factors have been considered. No Ore Reserve being reported. Cut-off parameters • The basis of the cut-off grade(s) or quality parameters applied. No Ore Reserve being reported. Mining factors or assumptions • The method and assumptions used as reported in the Pre-Feasibility or Feasibility Study to convert the Mineral Resource to an Ore Reserve (i.e. either by application of appropriate factors by optimisation or by preliminary or detailed design). • The choice, nature and appropriateness of the selected mining method(s) and other mining parameters including associated design issues such as pre-strip, access, etc. • The assumptions made regarding geotechnical parameters (eg pit slopes, stope sizes, etc), grade control and pre-production drilling. • The major assumptions made and Mineral Resource model used for pit and stope optimisation (if appropriate). • The mining dilution factors used. • The mining recovery factors used. • Any minimum mining widths used. • The manner in which Inferred Mineral Resources are utilised in mining studies and the sensitivity of the outcome to their inclusion. • The infrastructure requirements of the selected mining methods. No Ore Reserve being reported. Metallurgical factors or assumptions • The metallurgical process proposed and the appropriateness of that process to the style of mineralisation. • Whether the metallurgical process is well-tested technology or novel in nature. • The nature, amount and representativeness of metallurgical test work undertaken, the nature of the metallurgical domaining applied and the corresponding metallurgical recovery factors applied. • Any assumptions or allowances made for deleterious elements. • The existence of any bulk sample or pilot scale test work and the degree to which such samples are considered representative of the orebody as a whole. • For minerals that are defined by a specification, has the ore reserve estimation been based on the appropriate mineralogy to meet the specifications? No Ore Reserve being reported. For personal use only
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65 Criteria JORC Code explanation Commentary Environmental • The status of studies of potential environmental impacts of the mining and processing operation. Details of waste rock characterisation and the consideration of potential sites, status of design options considered and, where applicable, the status of approvals for process residue storage and waste dumps should be reported. No Ore Reserve being reported. Infrastructure • The existence of appropriate infrastructure: availability of land for plant development, power, water, transportation (particularly for bulk commodities), labour, accommodation; or the ease with which the infrastructure can be provided, or accessed. No Ore Reserve being reported. Costs • The derivation of, or assumptions made, regarding projected capital costs in the study. • The methodology used to estimate operating costs. • Allowances made for the content of deleterious elements. • The derivation of assumptions made of metal or commodity price(s), for the principal minerals and co- products. • The source of exchange rates used in the study. • Derivation of transportation charges. • The basis for forecasting or source of treatment and refining charges, penalties for failure to meet specification, etc. • The allowances made for royalties payable, both Government and private. No Ore Reserve being reported. Revenue factors • The derivation of, or assumptions made regarding revenue factors including head grade, metal or commodity price(s) exchange rates, transportation and treatment charges, penalties, net smelter returns, etc. • The derivation of assumptions made of metal or commodity price(s), for the principal metals, minerals and co-products. No Ore Reserve being reported. Market assessment • The demand, supply and stock situation for the particular commodity, consumption trends and factors likely to affect supply and demand into the future. • A customer and competitor analysis along with the identification of likely market windows for the product. • Price and volume forecasts and the basis for these forecasts. • For industrial minerals the customer specification, testing and acceptance requirements prior to a supply contract. No Ore Reserve being reported. Economic • The inputs to the economic analysis to produce the net present value (NPV) in the study, the source and confidence of these economic inputs including estimated inflation, discount rate, etc. • NPV ranges and sensitivit y to variations in the significant assumptions and inputs. No Ore Reserve being reported. Social • The status of agreements with key stakeholders and matters leading to social licence to operate. No Ore Reserve being reported. Other • To the extent relevant, the impact of the following on the project and/or on the estimation and classification of the Ore Reserves: • Any identified material naturally occurring risks. • The status of material legal agreements and marketing arrangements. • The status of governmental agreements and approvals critical to the viability of the project, such as mineral tenement status, and government and statutory approvals. There must be reasonable grounds to expect that all necessary government approvals will be received within the timeframes anticipated in the Pre-Feasibility or Feasibility study. Highlight and discuss the materiality of any unresolved matter that is dependent on a third party on which extraction of the reserve is contingent. No Ore Reserve being reported. Classification • The basis for the classification of the Ore Reserves into varying confidence categories. • Whether the result appropriately reflects the Competent Person’s view of the deposit. No Ore Reserve being reported. For personal use only
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66 Criteria JORC Code explanation Commentary • The proportion of Probable Ore Reserves that have been derived from Measured Mineral Resources (if any). Audits or reviews • The results of any audits or reviews of Ore Reserve estimates. No Ore Reserve being reported. Discussion of relative accuracy/ confidence • Where appropriate a statement of the relative accuracy and confidence level in the Ore Reserve estimate using an approach or procedure deemed appropriate by the Competent Person. For example, the application of statistical or geostatistical procedures to quantify the relative accuracy of the reserve within stated confidence limits, or, if such an approach is not deemed appropriate, a qualitative discussion of the factors which could affect the relative accuracy and confidence of the estimate. • The statement should specify whether it relates to global or local estimates, and, if local, state the relevant tonnages, which should be relevant to technical and economic evaluation. Documentation should include assumptions made and the procedures used. • Accuracy and confidence discussions should extend to specific discussions of any applied Modifying Factors that may have a material impact on Ore Reserve viability, or for which there are remaining areas of uncertainty at the current study stage. • It is recognised that this may not be possible or appropriate in all circumstances. These statements of relative accuracy and confidence of the estimate should be compared with production data, where available. No Ore Reserve being reported. For personal use only
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Rule 5.5 ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Capricorn Metals Ltd ABN Quarter ended (“current quarter”) 84 121 700 105 31 December 2025 Consolidated statement of cash flows Current quarter $A’000 Year to date (12 months) $A’000 1. Cash flows from operating activities 201,077 350,073 1.1 Receipts from customers 1.2 Payments for - - (a) exploration & evaluation (b) development - - (c) production (71,813) (136,814) (d) staff costs (2,933) (4,667) (e) administration and corporate costs (2,511) (6,865) 1.3 Dividends received (see note 3) - - 1.4 Interest received 3,436 6,840 1.5 Interest and other costs of finance paid (486) (1,055) 1.6 Income taxes paid (4,156) (8,202) 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities 122,614 199,310 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment (37,963) (62,762) (d) exploration & evaluation (19,725) (40,661) (e) investments (1,200) (1,200) (f) other non-current assets (8,759) (24,509) 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material)* 14,544 14,544 2.6 Net cash from / (used in) investing activities (53,103) (114,588) * Other includes cash received upon acquisition of Warriedar Resources Limited. For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (12 months) $A’000 3. Cash flows from financing activities - - 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options 1,346 1,346 3.4 Transaction costs related to issues of equity securities or convertible debt securities (971) (998) 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 375 348 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 370,944 355,760 4.2 Net cash from / (used in) operating activities (item 1.9 above) 122,614 199,310 4.3 Net cash from / (used in) investing activities (item 2.6 above) (53,103) (114,588) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 375 348 4.5 Effect of movement in exchange rates on cash held 8 8 4.6 Cash and cash equivalents at end of period 440,838 440,838 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 440,838 370,944 5.2 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 440,838 370,944 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 496 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (Bank Guarantee) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end Nil 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) 122,614 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (19,725) 8.3 Total relevant outgoings (item 8.1 + item 8.2) 102,889 8.4 Cash and cash equivalents at quarter end (item 4.6) 440,838 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 440,838 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) N/A Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 29 January 2026 Authorised by: By the Board (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee] ”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity , and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. For personal use only