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ASX : AUT 29 July 2021 A AUTECO Minerals JUNE 2021 QUARTERLY ACTIVITIES REPORT Pickle Crow emerging as large , high - grade gold project with 70 % increase in Resources to 1.7Moz New estimate comprises high - grade Inferred Resource of 1.47Moz at 10.1 g / t and a maiden BIF - hosted Inferred Resource of 240,000oz at 3.7 g / t ; Plus , subsequent drilling hits more high - grade gold outside resource Auteco Minerals ( Auteco or the Company ) ( ASX : AUT ) is pleased to report on a highly successful quarter which saw Pickle Crow emerge as a high - grade gold project with genuine scale and immense potential for further growth in the 1.7Moz Mineral Resource . KEY POINTS - CORPORATE • Auteco is well - funded to continue its growth strategy with cash reserves of ~ A $ 21.8M at 30 June 2021 • In May 2021 , Auteco successfully completed the Stage 1 Earn - in¹ to secure 51 % of Pickle Crow project Auteco remains on track to secure 80 % of the Pickle Crow project by the end of this calendar year KEY POINTS - OPERATIONAL • Total Inferred Resource at the Pickle Crow Project increased by 710,000oz to 1.7Moz² • Inferred Resource comprises a high - grade component of 1.47Moz at 10.1 g / t , an increase of 47 % • A maiden shallow Inferred Resource hosted within the adjacent Banded Iron Formation ( BIF ) totals 240,000oz at 3.7 g / t and is potentially amenable to bulk mining methods • • Resource growth came at a cost of just A $ 15.25 / oz , reflecting an outstanding return on the recently completed 45,000m drilling campaign The subsequent 50,000m drill program is underway and is already generating strong results , pointing to future Resource growth . Intersections returned outside of the 1.7Moz Inferred Resource ( refer ASX 15/07/21 ) include : 1 2 о 1.8m @ 16.6 g / t gold from 61.5m AUDD0138 ( New Structure ) 3.3m @ 8.0 g / t gold from 836.4m in AUDD0166 ( New Structure ) 1.8m @ 21.2 g / t gold from 838mm in AUDD0166W1 ( New Structure ) о о 4.9m @ 4.7 g / t gold from 514m in AUDD0178 ( New Structure ) ; Including 2.1m @ 10.4 g / t 1.0m @ 14.1 g / t gold from 432m in AUDD0179 ( New Structure ) Refer to ASX release dated 28 January 2020 for details of the Pickle Crow Earn - in Agreement with First Mining . Auteco Inferred Mineral Resource as at 30 June 2021 - Refer to ASX release dated 15 July 2021 for details . ASX : AUT T : +61 8 9220 9030 E : info@autecominerals.com W : www.autecominerals.com ACN : 110 336 733 Principal and Registered Office : Ground Floor 24 Outram Street West Perth WA 6005 Ray Shorrocks - Executive Chairman Michael Naylor - Non - Executive Director Stephen Parsons - Non - Executive Director Nicholas Katris - Company Secretary Page 1