Announcement PDF 3 August 2026 Broad High-Grade intercepts returned from Kingfisher, Hawk and Swan RC Drilling HIGHLIGHTS  Infill and extension RC drilling at Kingfisher has returned numerous broad and high- grade intercepts including:  23m @ 5.26g/t Au from 188m including 15m @ 7.65g/t Au from 192m  45m @ 1.24g/t Au from 114m including 3m @ 6.79g/t Au from 114m  12m @ 2.81g/t Au from 74m including 6m @ 5.26g/t Au from 79m  21m @ 1.36g/t Au from 130m including 4m @ 3.17g/t Au from 131m  6m @ 3.94g/t Au from 67m including 2m @ 9.14g/t Au from 67m  2m @ 12.15g/t Au from 52m including 1m @ 23.40g/t Au from 52m  9m @ 2.12g/t Au from 205m including 2m @ 6.74g/t Au from 205m  10m @ 1.83g/t Au from 154m including 5m @ 3.08g/t Au from 157m  11m @ 1.64g/t Au from 186m including 3m @ 4.20g/t Au from 186m  9m @ 1.94g/t Au from 75m including 6m @ 2.74g/t Au from 78m  14m @ 1.23g/t Au from 125m including 1m @ 13.90g/t Au from 125m  Two RC holes drilled at Hawk have extended the known gold mineralisation down dip and down plunge to the north. Significant intercepts included:  12m @ 2.30g/t Au from 140m including 6m @ 4.26g/t Au from 140m  5m @ 3.46g/t Au from 159m  Shallow extensional RC drilling at Swan returned the following significant intercepts:  16m @ 1.84g/t Au from 45m including 7m @ 3.03g/t Au from 46m  6m @ 1.23g/t Au from 28m  Follow up RC and diamond drilling is being planned at all 3 prospects  Diamond and RC drilling is continuing across the Gum Creek Project area ________________________________________________________________________________ Horizon Gold Limited (ASX: HRN) (‘Horizon’ or ‘the Company’) is pleased to announce numerous significant gold intercepts returned from RC drilling at its 100% owned Gum Creek Gold Project (‘Gum Creek’ or ‘the Project’) located in the Mid-West Region of Western Australia. Final assay results for Reverse Circulation (RC) drilling completed at 2 three prospects including Kingfisher, Hawk and Swan have been received (Figure 1). Significant results are outlined below. Figure 1: Gum Creek Gold Project existing Mineral Resources, Potential Mineral Resources and Exploration Targets over simplified geology. Managing Director Scott Williamson said: “Impressive high-grade RC drilling results from Kingfisher, Hawk and Swan highlight the potential for resource expansion close to the proposed 2.4Mtpa processing plant. Follow up drilling is being planned prior to updating the respective resource estimations. Importantly, these resource additions sit outside those included in the recently released Definitive Feasibility Study and will potentially enhance project economics. 3 Kingfisher Prospect The Kingfisher Prospect is located 3.5km south-southeast of the old Gidgee Mill and hosts a current open cut MRE of 1.22Mt @ 2.01g/t Au for 78,900oz and an underground MRE of 1.04Mt @ 3.38g/t Au for 113,500oz. (Table A). The Company completed twenty RC holes at Kingfisher for a total of 3,273m (Figure 2). The program aimed to infill a gap in historic drilling within the northern, near surface part of the resource, and to test for strike extensions along strike to the north of the current resource block model. The drilling returned the following significant intercepts (>16 GxM) (Figures 2 & 3, Table C) confirming the continuity of mineralisation in the “gap”, and highlighting the potential for further resource expansion along strike to the north:  23m @ 5.26g/t Au from 188m including 15m @ 7.65g/t Au from 192m (KFRC038)  45m @ 1.24g/t Au from 114m including 3m @ 6.79g/t Au from 114m (KFRC042)  12m @ 2.81g/t Au from 74m including 6m @ 5.26g/t Au from 79m (KFRC036)  21m @ 1.36g/t Au from 130m including 4m @ 3.17g/t Au from 131m (KFRC030)  6m @ 3.94g/t Au from 67m including 2m @ 9.14g/t Au from 67m (KFRC030)  2m @ 12.15g/t Au from 52m including 1m @ 23.40g/t Au from 52m (KFRC032)  9m @ 2.12g/t Au from 205m including 2m @ 6.74g/t Au from 205m (KFRC042)  10m @ 1.83g/t Au from 154m including 5m @ 3.08g/t Au from 157m (KFRC044)  11m @ 1.64g/t Au from 186m including 3m @ 4.20g/t Au from 186m (KFRC040)  9m @ 1.94g/t Au from 75m including 6m @ 2.74g/t Au from 78m (KFRC029)  14m @ 1.23g/t Au from 125m including 1m @ 13.90g/t Au from 125m (KFRC038)  35m @ 0.71g/t Au from 103m including 8m @ 1.62g/t Au from 128m (KFRC044)  21m @ 0.96g/t Au from 114m including 3m @ 1.78g/t Au from 116m (KFRC043)  11m @ 1.46g/t Au from 89m including 3m @ 2.26g/t Au from 97m (KFRC036) Figure 2: Kingfisher drill hole plan showing all drill collars coloured by maximum downhole gold (g/t Au) and recent drill hole gold intercepts (>16 GxM) over satellite image. 4 Figure 3: Kingfisher cross section showing recent RC drilling intercepts (>16 GxM), interpreted geology and mineralised envelope and Kingfisher open pit. Further RC drilling along strike, up plunge, and down-dip of the 23m @ 5.26g/t Au intercept is planned with the aim of increasing the open pittable resource and improving resource confidence levels at the northern end of the Kingfisher. This drilling will be completed in the coming months prior to an MRE update for the Kingfisher resource later in 2026. Hawk Prospect The Hawk Prospect is located 5km south-southeast of the old Gidgee mill and was previously mined by open cut methods. The current MRE for Hawk is 0.76Mt @ 1.35g/t Au for 33,000oz (Table A). The Company completed 3 RC holes for a total of 552m. The drilling aimed at testing an interpreted north-plunging high-grade mineralised shoot down plunge of the existing resource (Figure 4 & 5, Table D). Significant intercepts include:  12m @ 2.30g/t Au from 140m including 6m @ 4.26g/t Au from 140m (HKRC026)  5m @ 3.46g/t Au from 159m (HKRC027) 5 HKRC026 and HKRC027 intersected the interpreted high-grade gold shoot that lies within the overall steep SW dipping 5m to 10m thick mineralised zone. Primary mineralisation is hosted within thick steeply dipping quartz-carbonate-pyrite shear veins and thinner flat lying tension veins within sericite-carbonate altered basalt. Further RC drilling along strike and down-plunge of the 6m @ 4.26g/t Au intercept is planned with the aim of increasing the open pittable resource and improving resource confidence levels at depth. This drilling will be completed in the coming months prior to an MRE update for the Hawk resource later in 2026. Figure 4: Hawk drill hole plan showing all drill collars coloured by maximum downhole gold (g/t Au), recent gold intercepts (>15 GxM) and historic intercepts (>40 GxM) over satellite image. 6 Figure 5: Hawk cross section showing interpreted mineralised zones, 2026 RC intercepts (>25 GxM) and historic intercepts (>12 GxM) labelled. Swan Prospect The Swan deposit is located 700m east of the old Gidgee Mill. The Swan / Swift open cut MRE is currently 7.00Mt @ 1.85g/t Au for 415,600oz and the Swan underground MRE is 1.73Mt @ 4.19g/t Au for 233,700oz (Table A). Five RC holes for 424m were completed with the aim of extending gold mineralisation to the north and confirming the interpretation of known gold mineralisation. Significant assay results (Figure 6 & 7, Table E) included:  16m @ 1.84g/t Au from 45m including 7m @ 3.03g/t Au from 46m (SBRC150)  6m @ 1.23g/t Au from 28m (SBRC147) Results extended low grade mineralisation along strike to the north of the current resource model and the SBRC150 intercept implies mineralisation is steeply west dipping. The current geological interpretation will be adjusted to suit. Further shallow RC drilling is required along strike of SBRC146 and SBRC147. This drilling will also be completed in the coming months prior to the next Swan MRE update later in 2026. 7 Figure 6: Swan drill hole plan showing all drill collars coloured by maximum downhole gold (g/t Au) and recent gold intercepts (>6 GxM) over satellite image. Figure 7: Swan cross section showing interpreted mineralised zones and recent (>7GxM) intercepts and historic intercepts (>3 GxM) labelled. 8 About the Company Horizon Gold Limited (ASX: HRN) is an exploration company focused on its 100% owned Gum Creek Project in Western Australia (Figure 8). The Gum Creek Gold Project represents an exciting gold exploration and potential development opportunity that currently contains a Mineral Resource Estimate of 37.97Mt @ 1.89g/t Au for 2.30 million ounces (Table A) including Indicated and Inferred resource classifications in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012 edition). On 22 July 2026 the Company announced an Open Pit Definitive Feasibility Study1 (DFS) that outlined production, capital and operating costs and a detailed schedule for the engineering, procurement, construction, commissioning and ramp-up of a 2.4Mtpa gold mining and processing facility at the Gum Creek Gold Project. The DFS delivered a maiden Ore Reserve of 18.2Mt at 1.24 g/t Au for 728koz of contained gold reported in accordance with the JORC Code 2012 guidelines. It is anticipated the Project will deliver an average gold production of 88koz per annum over an initial 10-year mine life, peaking at 114koz per annum in year two, and delivering a total of 880koz gold recovered over the Life of Mine (LOM) with an AISC of A$2,995/oz. The Open Pit DFS confirms Gum Creek's potential to become Western Australia’s next major gold project development, underpinned by low operating costs, a high-margin production profile and strong growth potential from extensive underground mining opportunities and sulphide ore deposits which currently sit outside the DFS scope. 1 Refer to Horizon Gold Limited ASX Announcement titled “Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development” dated 22 July 2026. 9 Figure 8: Gum Creek Gold Project and surrounding gold resources and operating gold processing facilities. 10 Horizon Gold Limited Mineral Resources Table A: Gum Creek Gold Resources as at 4 November 20252 Resource Resource Date Cut-off grade (g/t Au) Indicated Inferred Total Tonnes Au (g/t) Gold (oz) Tonnes Au (g/t) Gold (oz) Tonnes Au (g/t) Gold (oz) Swan/Swift OC Nov-25 0.4 6,661,000 1.86 399,000 335,000 1.54 16,600 6,996,000 1.85 415,600 Swan UG* Nov-25 1.5 935,000 4.45 133,700 798,000 3.90 100,000 1,733,000 4.19 233,700 Swift UG* Nov-25 1.5 35,000 2.22 2,500 813,000 2.54 66,300 848,000 2.52 68,800 Wilsons UG* Nov-25 1.5 2,759,000 4.37 387,400 126,000 3.16 12,800 2,885,000 4.31 400,200 Howards Nov-25 0.4 6,095,000 1.13 221,800 751,000 0.97 23,500 6,846,000 1.11 245,300 Kingfisher OC Nov-25 0.6 1,139,000 2.05 75,100 79,000 1.50 3,800 1,218,000 2.01 78,900 Kingfisher UG* Nov-25 1.5 94,000 2.71 8,200 949,000 3.45 105,300 1,043,000 3.38 113,500 Heron May-23 0.6 330,000 2.11 22,400 1,822,000 1.51 88,200 2,152,000 1.60 110,600 Eagle Nov-25 0.4 817,000 1.27 33,400 1,202,000 1.29 50,000 2,019,000 1.28 83,400 Heron South May-23 0.8 720,000 1.79 41,400 761,000 1.53 37,500 1,481,000 1.66 78,900 Shiraz Nov-25 0.4 1,947,000 1.04 65,400 372,000 0.94 11,200 2,319,000 1.03 76,600 Wyooda** Nov-25 0.8 557,000 1.54 27,500 718,000 1.56 36,100 1,275,000 1.55 63,600 Snook Jul-22 0.8 75,000 2.57 6,200 846,000 1.76 47,800 921,000 1.82 54,000 Toedter Nov-25 0.6 905,000 1.31 38,200 99,000 1.32 4,200 1,004,000 1.31 42,400 Hawk Nov-25 0.6 591,000 1.38 26,200 167,000 1.27 6,800 758,000 1.35 33,000 Specimen Well Nov-25 0.6 431,000 1.49 20,600 114,000 1.31 4,800 545,000 1.45 25,400 Wedge Nov-25 0.6 427,000 1.42 19,500 56,000 2.83 5,100 483,000 1.58 24,600 Camel Bore Jul-22 0.8 379,000 1.47 17,900 100,000 1.21 3,900 479,000 1.42 21,800 Melbourne Bitter Nov-25 0.6 318,000 1.46 14,900 157,000 1.27 6,400 475,000 1.39 21,300 Hyperno-Reliance Nov-25 0.6 295,000 1.52 14,400 183,000 1.02 6,000 478,000 1.33 20,400 Kearrys May-23 0.6 450,000 1.24 18,000 46,000 1.35 2,000 496,000 1.25 20,000 Psi Jul-22 0.8 100,000 2.08 6,700 226,000 1.69 12,300 326,000 1.81 19,000 Deep South Reliance Nov-25 0.6 229,000 1.53 11,300 17,000 0.91 500 246,000 1.49 11,800 Orion Jul-22 0.8 69,000 1.49 3,300 182,000 1.40 8,200 251,000 1.43 11,500 Eagles Peak May-23 0.6 264,000 1.19 10,100 41,000 0.99 1,300 305,000 1.16 11,400 Wahoo Jul-22 0.8 - - - 258,000 1.25 10,400 258,000 1.25 10,400 Fangio May-23 0.6 99,000 1.32 4,200 30,000 1.35 1,300 129,000 1.33 5,500 Total 26,721,000 1.90 1,629,300 11,248,000 1.86 672,300 37,969,000 1.89 2,301,600 * Cut-off grades for Swan, Swift, Wilsons and Kingfisher underground Indicated and Inferred are 1.5g/t Au. ** Wyooda includes the Kingston Town, Think Big and Manikato resources which are within 600m and 200m of each other respectively. Note: Figures have been rounded. Table B: Gum Creek Gold Reserves as at 22 July 20263 Notes: Ore Reserves are reported using a A$4,500 gold price basis for cut-off grade calculations Figures have been rounded. 2 Refer to Horizon Gold Ltd ASX announcement titled “Gum Creek Project Gold Resource Update” dated 4 November 2025. 3 Refer to Horizon Gold Limited ASX Announcement titled “Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development” dated 22 July 2026. Deposit Classification Ore Tonnes (Mt) Grade (g/t) Au Metal (koz) Eagle Probable 0.8 0.99 25 Hawk Probable 0.7 1.07 25 Howards Probable 5.8 0.99 186 Hyperno-Reliance Probable 0.3 1.23 12 Kingfisher Probable 1.5 1.51 71 Swan/Swift Probable 8.6 1.42 392 Wedge Probable 0.5 1.04 18 Total Probable 18.2 1.24 728 11 Table C: Significant Drill Hole Intercepts (>2 GxM) – Kingfisher RC Drilling Hole ID East North RL Depth Dip Azi From To Width Au g/t KFRC025 739757 6980157 515 140 -61 53 84 89 5 0.84 106 115 9 1.11 incl 108 112 4 1.97 124 126 2 1.12 KFRC026 739735 6980142 515 170 -60 55 54 58 4 0.65 146 150 4 0.86 154 161 7 1.28 incl 154 157 3 2.04 KFRC027 739776 6980121 515 144 -60 54 35 42 7 0.47 50 51 1 2.35 88 91 3 4.31 incl 88 89 1 6.64 117 118 1 4.61 KFRC028 739756 6980108 514 165 -60 55 55 56 1 1.05 132 149 17 0.61 incl 142 146 4 1.4 152 156 4 1.48 incl 154 155 1 4.46 159 163 4 1.46 160 162 2 2.41 KFRC029 739814 6980120 515 114 -60 51 75 84 9 1.94 incl 78 84 6 2.74 KFRC030 739789 6980082 515 168 -60 51 67 73 6 3.94 incl 67 69 2 9.14 130 151 21 1.36 incl 131 135 4 3.17 and 139 142 3 2.6 155 167 12 0.98 incl 164 166 2 3.88 KFRC031 739834 6980090 515 100 -61 54 64 76 12 0.48 incl 66 68 2 1.74 KFRC032 739800 6980064 514 168 -60 54 52 54 2 12.15 incl 52 53 1 23.4 65 79 14 0.52 incl 68 71 3 1.18 83 94 11 0.43 incl 88 89 1 1.26 112 133 21 0.24 KFRC033 739785 6980103 515 150 -60 54 39 51 12 0.96 incl 40 44 4 1.87 138 150 12 0.52 incl 145 147 2 1.4 KFRC034 739820 6980103 515 120 -60 49 59 72 13 0.68 incl 69 72 3 2.2 76 87 11 1.02 incl 77 79 2 3.59 KFRC035 739841 6980069 515 115 -59 47 30 34 4 1.9 incl 30 32 2 3.65 KFRC036 739804 6980042 514 160 -60 53 74 86 12 2.81 incl 79 85 6 5.26 89 100 11 1.46 incl 97 100 3 2.26 KFRC037 739785 6980030 514 192 -60 53 78 80 2 1.29 102 104 2 1.53 172 179 7 0.44 184 187 3 0.93 12 Hole ID East North RL Depth Dip Azi From To Width Au g/t KFRC038 739768 6980018 515 216 -60 52 125 139 14 1.23 incl 125 126 1 13.9 143 161 18 0.57 incl 147 151 4 1.09 164 167 3 4.34 incl 164 165 1 7.78 188 211 23 5.26 incl 192 207 15 7.65 KFRC039 739854 6980032 514 160 -60 53 32 38 6 0.58 incl 37 38 1 2.23 KFRC040 739810 6980000 514 200 -60 53 88 106 18 0.83 incl 88 95 7 1.45 127 132 5 0.43 167 171 4 1.68 incl 167 168 1 3.33 178 183 5 1.26 incl 178 181 3 1.85 186 197 11 1.64 incl 186 189 3 4.2 KFRC041 739859 6980003 514 162 -63 53 114 122 8 1.17 117 120 3 2.02 152 155 3 2.19 KFRC042 739812 6979976 514 225 -63 49 114 159 45 1.24 incl 114 117 3 6.79 and 149 153 4 3.74 178 180 2 7.82 189 199 10 0.98 incl 189 195 6 1.45 205 214 9 2.12 incl 205 207 2 6.74 KFRC043 739859 6979958 514 205 -64 53 67 79 12 0.46 114 135 21 0.96 incl 116 119 3 1.78 and 127 131 4 1.77 KFRC044 739862 6979938 514 199 -65 51 103 138 35 0.71 incl 128 136 8 1.62 146 148 2 1.36 154 164 10 1.83 incl 157 162 5 3.08 Notes: All coordinates are GDA94 zone 50, all intercepts use a 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no significant result >2.0 GxM. Table D: Significant Drill Hole Intercepts (>2 GxM) – Hawk RC Drilling Hole ID East North RL Depth Dip Azi From To Width Au g/t HKRC025 740535 6978556 512 192 -56 53 145 149 4 0.67 HKRC026 740536 6978578 512 174 -57 55 140 152 12 2.30 incl 140 146 6 4.26 HKRC027 740512 6978590 512 186 -55 51 159 164 5 3.46 Notes: All coordinates are GDA94 zone 50, all intercepts use a 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no significant result >2.0 GxM. 13 Table E: Significant Drill Hole Intercepts (>2 GxM) – Swan RC Drilling Hole ID East North RL Depth Dip Azi From To Width Au g/t SBRC146 739340 6983711 524 60 -58 270 20 31 11 0.31 SBRC147 739325 6983710 524 70 -55 90 28 34 6 1.23 39 43 4 0.65 incl 42 43 1 2.12 SBRC148 739340 6983690 523 60 -55 90 NSR SBRC149 739325 6983691 524 78 -55 90 NSR SBRC150 739265 6983695 520 156 -55 90 45 61 16 1.84 incl 46 53 7 3.03 67 75 8 0.35 Notes: All coordinates are GDA94 zone 50, all intercepts use a 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no significant intercept >2.0 GxM This ASX announcement was authorised for release by the Horizon Board. For further information contact: Scott Williamson Managing Director +61 8 6331 6092 info@horizongold.com.au 14 Competent Persons Statement: The information in this announcement that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. Mr Ryan is the General Manager - Exploration at Horizon Gold Limited and holds shares and options in the Company, Mr Ryan has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ryan consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears. No New Information or Data: The information in this announcement that relates to Horizon's production targets and financial forecasts for the Gum Creek Gold Project is extracted from Horizon’s ASX announcement titled “Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development” dated 22 July 2026 and which is available at www.asx.com.au. Horizon believes it has a reasonable basis for making the forward-looking statements in this presentation, including with respect to all production targets and financial forecasts, based on the information contained in that announcement. Horizon confirms that it is not aware of any new information or data that materially affects the production targets, or the financial forecast information, contained in that announcement of the Company’s Definitive Feasibility Study for the Gum Creek Gold Project ("DFS”) and confirms that all material assumptions underpinning the production targets and the financial forecast information in that announcement continue to apply and have not materially changed. Horizon confirms that it is not aware of any new information or data that materially affects the information included in Horizon announcement on 22 July 2026 and, in the case of estimates of Ore Reserves and Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant ASX announcements continue to apply and have not materially changed. This announcement contains references to Ore Reserves and Mineral Resource estimates, all of which have been cross referenced to previous market announcements. The Company confirms that it is not aware of any additional information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Ore Reserves and Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Production Target The Production Target (and forecast financial information derived from the Production Target) referred to in this announcement is underpinned by 76% Probable Ore Reserves, 18% Indicated Resource ounces outside of the Ore Reserves and 6% Inferred Resources ounces. The first 5 years of the Production Target is underpinned by approximately 97% Probable Ore Reserve ounces, and approximately 3% Inferred Mineral Resource ounces. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the Production Target itself (or the forecast financial information) will be realised. The Company believes it has a reasonable basis to disclose a production target that includes some Inferred Mineral Resources, for example as the Inferred Resources are not a determining factor in the viability of the Gum Creek Gold Project. Importantly, the feasibility of the development scenario outlined in the DFS does not hinge on the current Inferred Mineral Resources. Also, the Inferred Mineral Resources do not feature as a significant proportion early in the mine plan. To achieve the range of outcomes anticipated in the DFS, an estimated A$350m of initial capital will be required. The Company believes the assumptions made are reasonable to enable it to obtain the requisite funding required to develop the Project, as detailed in the ASX announcement titled “Gum Creek Open Pit DFS Confirms Pathway for WA’s Next Major Gold Mine Development” dated 22 July 2026. Reference should also be made to other disclaimers included in that announcement. Investors should note that there is no certainty that Horizon will be able to raise the amount of funding when needed (nor any certainty as to the form such capital raising may take, such as equity, debt, hybrid and/or other capital raising, nor whether the Production Target, financial forecasts or other forward- looking information in this announcement may be achieved). It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Horizon’s existing shares. 15 Forward Looking Statements: This ASX 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. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward- looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, as well as political and operational risks and governmental regulation and judicial outcomes. 16 APPENDIX 2: JORC TABLE 1 (SECTIONS 1 AND 2) 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. • Reverse Circulation (RC) drill holes were routinely sampled at 1m intervals down the hole. The upper sections of some holes were sampled at 2m intervals. • Samples were collected at the drill rig using an industry standard rig- mounted cone splitter to collect a nominal 2 - 3 kg sub sample in a numbered calico sample bag, with the remaining sample retained at the drill site for future resampling and/or metallurgical sampling if required. • Routine standard reference material, sample blanks, and sample duplicates were inserted/collected at every 25th sample in the sample sequence. • All RC samples were submitted to Australian Laboratory Services (ALS) in Perth for preparation (including pulverising) to produce a 50g sub-sample for analysis for gold by 50g Fire Assay. Pre-2014 Drillholes • All RC samples were collected at 1m intervals through the drill rig cyclone and then split via riffle and cone splitters. RC samples were typically dry. Composite samples were collected by tube sampling the bulk RC sample bags. • Initially assaying utilised the aqua regia process but most assays used in this report have been by fire assay with an AAS finish using the site laboratory or off-site laboratories. A 50g charge was generally used. • After the year 2000, samples (mainly grade control) were assayed at the accredited on-site laboratory at Gidgee using the Leachwell method. Leachwell cyanide (bottle-roll) assays are apparently more predictive of expected recoveries from Carbon-in-Pulp gold recovery plants, so provide a more realistic grade estimate. 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). • All RC holes were completed by reverse circulation (RC) drilling techniques using a DR05 SREPS SR650 drill rig and auxiliary compressor. • Drill rod diameter was 4.5” (114mm) and drill bit diameter was nominally 143mm to 146mm. • A face sampling down hole hammer (5' type 760 SREPS) was used at all times. • All RC drill holes were surveyed for down hole deviation using an Axis Champ Navigator north seeking downhole gyro with downhole readings collected every 5m. Pre-2014 Drillholes • RC drilling was completed with industry standard RC drill rigs using a 4.5” to 5.5” drill bit with either a cross-over sub or a face sampling hammer. 17 Criteria JORC Code explanation Commentary 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. • A qualitative estimate of sample recovery was done for each RC sample metre collected from the drill rig. • A qualitative estimate of RC sample weight was completed to ensure consistency of sample size and to monitor sample recoveries. • Most RC material was dry when sampled, with damp and wet samples noted in sample sheets and referred to when assays were received. • RC sample recovery and quality is considered to be adequate for the drilling technique employed. Pre-2014 Drillholes • Where documented, RC drilling returned good recoveries, however drill recoveries for some historical holes are not known. • All RC samples were split and mixed in the riffle splitting process. • There is no evidence of there being sample bias due to non- representative or preferential sampling. • No apparent relationships were noted in relation to sample 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. • All RC drill holes were geologically logged by a qualified Geologist. • Qualitative and quantitative geological logging recorded colour, grain size, weathering, oxidation, lithology, alteration, veining and mineralisation including the abundance of specific minerals, veining, and alteration using an industry standard logging and geological coding system. • A small sample of all RC drill material was retained in chip trays for future reference and validation of geological logging. Pre-2014 Drillholes • All historical drill holes have been logged using the various company logging codes. The type of drill log varies with time depending on drill technique, year and company. • Logging included codes and descriptions of weathering, oxidation, lithology, alteration and veining. • Geological logging is qualitative and based on visual field estimates. • Not all RC logs have been converted to a digital format. 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