Announcement PDF ASX RELEASE 23 February 2026 Horizon Gold Limited ACN: 614 175 923 Suite 8, Level 3, 47 Havelock Street, West Perth WA 6005 | PO Box 39, West Perth WA 6872 Telephone: +61 8 6331 6092 | Email: info@horizongold.com.au | Website: www.horizongold.com.au 1 Gum Creek Gold Project High-grade intercepts returned from Kingfisher Diamond Drilling HIGHLIGHTS ▪ Assays returned from four of the seven diamond holes drilled at Kingfisher, significant intercepts include: ▪ 4m @ 11.35g/t Au from 431m including 1m @ 42.2g/t Au from 432m ▪ 18m @ 1.09g/t Au from 469m including 10m @ 1.57g/t Au from 473m ▪ 5m @ 1.59g/t Au from 529m including 2m @ 3.51g/t Au from 529m ▪ 16m @ 1.17g/t Au from 431m including 4m @ 2.64g/t Au from 438m ▪ 3m @ 2.79g/t Au from 350m ▪ Drilling has identified further high-grade mineralisation within the interpreted gold shoots at Kingfisher and highlighted the potential for additional high-grade shoots down plunge to the north of the existing resource ▪ Additional deep infill and extensional resource drilling is planned ________________________________________________________________________________ Horizon Gold Limited (ASX : HRN) (Horizon or Company) is pleased to announce significant gold intercepts returned from diamond 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 four of the seven holes drilled at the Kingfisher Prospect have been received (Figure 1). Managing Director Scott Williamson said: “The diamond drilling results at Kingfisher are delivering exactly what we hoped for – and more. We've confirmed our gold mineralisation model while unlocking significant down-plunge extensions that weren't captured in previous resource estimates. With assays still pending from remaining holes, Kingfisher is shaping up to be substantially larger than initially envisaged. Combined with ongoing drilling at Omega, we're building a strong newsflow pipeline as we systematically unlock the underground potential across the Gum Creek Project.” 2 Figure 1: Gum Creek Gold Project existing Mineral Resources, Potential Mineral Resources and Exploration Targets over simplified geology. The Kingfisher prospect is located 3.5km south-southeast of the 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 seven diamond holes including one daughter hole at the Kingfisher prospect for a total of 3,745.2m. The Kingfisher drill program aimed to test high priority targets down plunge of previous high grade drill intercepts including 15m @ 28.5g/t Au from 346m and 10m @ 8.9g/t Au from 190m1 . Assays received from the first four holes have confirmed and extended previously identified high-grade gold mineralisation down plunge to the north of the resource block model (Figures 2 & 3). Numerous significant intercepts were returned (Table A) including: ▪ 3m @ 2.79g/t Au from 350m (KFDD003) ▪ 4m @ 11.35g/t Au from 431m including 1m @ 42.2g/t Au from 432m (KFDD003) ▪ 18m @ 1.09g/t Au from 469m including 10m @ 1.57g/t Au from 473m (KFDD003) ▪ 5m @ 1.59g/t Au from 529m including 2m @ 3.51g/t Au from 529m (KFDD005) ▪ 16m @ 1.17g/t Au from 431m including 4m @ 2.64g/t Au from 438m (KFDD007) 1 Refer to Horizon Gold Limited ASX announcements titled “Diamond drilling returns 15m @ 28.5g/t Au from Kingfisher" dated 12 December 2022 and “Outstanding gold intercepts returned from Gum Creek Diamond Drilling” dated 15 March 2022. 3 Gold mineralisation at Kingfisher is located within several moderately southwest-dipping, planar gold lodes within a 60m wide, 1.2km long shear zone that remains open to the north, south and at depth. Both lodes are interpreted to contain moderately south plunging high grade gold shoots forming part of a large en-echelon vein array that steps down to the north. KFDD007 successfully intersected sheared, quartz-veined, strongly sericite–carbonate–fuchsite altered volcaniclastic schist units between 423m and 456m, confirming the presence of a third interpreted mineralised gold shoot approximately 150m down plunge to the north of existing drilling. This newly defined shoot has the potential to contribute significant additional ounces to the Kingfisher gold resource. Further deep infill and extensional diamond drilling has been planned, with Programs of Work (POW’s) approved. Upcoming drilling will focus on increasing resource confidence within the known high-grade plunging shoots, while also targeting additional resource ounces within the newly identified high-grade mineralised shoot intersected in KFDD007. Figure 2: Kingfisher Prospect long section showing interpreted high-grade gold shoots, intercept pierce points (coloured by GxM), recent drilling intercepts >7 GxM (labelled), and historic unmined drilling intercepts >30 GxM (labelled). 4 Figure 3: Kingfisher cross section showing mineralised zones within the Gidgee Shear Zone, KFDD003 drill intercepts >7 GxM and historic drill intercepts >5 GxM. Omega Deep Diamond Drilling Progress Three of the deep diamond holes at the Omega prospect have been completed to date for a total of 1271.4m with the fourth hole now underway. The Omega program is testing for extensions to high- grade mineralisation beneath impressive previous drill intercepts including 30m @ 21.1g/t Au from 57m and 13m @ 10.8g/t Au from 122m2 . All assays are pending. Feasibility Study Progress and Resource Expansion Drilling The Company is focused on completing the free milling Feasibility Study and highlighting the potential for developing a significant stand-alone gold operation at Gum Creek. Work on the Feasibility Study is progressing well. Metallurgical, geotechnical, processing, waste rock, tailings and soil landform reports have been received, all environmental and heritage surveys have been completed, surface water infrastructure designs, pit and waste rock dump designs and mine infrastructure designs have been 2 Refer to Horizon Gold Limited ASX announcement titled “Gum Creek Geological Review” dated 15 February 2021 5 completed, and water management plans and water balance modelling are almost complete. The Study remains on schedule for completion H1 CY 2026. The Company believes the Gum Creek Gold Project will be a robust, viable stand‐alone mining operation with the recent high gold prices only strengthening the March 2024 Scoping Study outcomes3 and providing a high level of confidence for the current Feasibility Study outcomes. About the Company Horizon Gold Limited (ASX:HRN) is an exploration company focused on its 100% owned Gum Creek Project in Western Australia (Figure 4). 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 ounces4 (Table A) including Indicated and Inferred resource classifications in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC Code 2012 edition). The indicated portion of the MRE is 26.72Mt @ 1.90g/t Au for 1.63 million ounces, representing 71% of the total resource ounces. Figure 4: Gum Creek Gold Project and surrounding gold resources and operating gold processing facilities. 3 Refer to Horizon Gold Limited ASX announcement titled “Compelling Gum Creek Scoping Study” dated 20 March 2024. 4 Refer to Horizon Gold Limited ASX Announcement titled “Gum Creek Project Gold Resource Update” dated 4 November 2025. 6 Horizon Gold Limited Mineral Resources Table A: Gum Creek Gold Resources as at 4 November 2025 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. 7 Table B: Significant Drill Hole Intercepts (>2 GxM) – Kingfisher Diamond Drilling Hole ID East North RL Dip Azi Depth From To Width Au g/t KFDD003 739799.7 6979779.7 516.8 -81.5 44.3 561.6 350 353 3 2.79 431 435 4 11.35 incl 432 433 1 42.2 469 487 18 1.09 incl 473 483 10 1.57 515 524 9 0.82 incl 522 524 2 2.06 KFDD004 739801.5 6979742.1 515.1 -84.2 42.4 591.8 365 368 3 0.68 KFDD005 739848.4 6979699.8 518.8 -80.8 50.5 538.0 529 534 5 1.59 incl 529 531 2 3.51 KFDD005_W1 739848.4 6979699.8 518.8 -80.8 50.5 398.3 Results Pending KFDD006 739755.7 6979810.2 514.4 -78.0 45.4 522.9 Results Pending KFDD007 739612.5 6980026.4 514.1 -81.8 40.7 579.8 385 386 1 3.87 431 447 16 1.17 incl 438 442 4 2.64 541 545 4 1.37 553 558 5 0.50 564 565 1 1.05 KFDD008 739758.5 6979772.8 514 -80.7 50.1 552.8 Results Pending 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. This ASX announcement was authorised for release by the Horizon Board. For further information contact: Scott Williamson Managing Director +61 8 9336 3388 Competent Persons Statement: The information in this announcement that relates to exploration activities, exploration results and Mineral Resources is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. Mr Ryan is General Manager - Exploration of 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: This announcement contains references to 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 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. 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. 8 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. • HQ3 and NQ2 diamond core was drilled to various depths using a truck- mounted DRA 800 diamond drill rig. • Selected diamond core was cut in half using an on-site Almonte diamond saw and sampled at 1m intervals over mineralised intervals selected by the supervising geologist. • Sampling was undertaken using Horizon Gold Limited (HRN) sampling protocols and QAQC procedures in line with industry best practice, with laboratory standard reference material, sample blanks and sample duplicates inserted/collected at every 25th sample in the sample sequence. • Half core diamond 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 • Diamond drilling involved HQ3 and NQ2 core. Sampling of diamond core involved 1m sampling, with sampling over geological intervals (down to 0.1m) in more recent holes. The diamond core has generally been cut in half for sampling with some holes whole core sampled, and some quarter core sampled subsequent to half core sampling where alternate laboratory samples were submitted or thin section work was completed. • 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. 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). • Diamond core was drilled from surface to facilitate geotechnical logging and sampling from surface. Industry standard barrels and triple tube barrels were used to obtain HQ3 and NQ2 core samples. • Diamond core holes were routinely surveyed for down hole deviation using a DeviGyro set to collect continuous readings every 5m down each hole. • HQ3 and NQ2 core was orientated using Reflex orientation tools, with core initially cleaned and pieced together at the drill site. Core was then reconstructed into continuous runs on an angle iron cradle for down hole depth marking and then orientated with orientation lines marked up by HRN field staff at the Gidgee Core Shed. Pre-2014 Drillholes • Diamond drilling was completed with industry standard diamond drill rigs acquiring HQ (63.5mm) or NQ (47.6mm) diamond core with a standard tube and all core oriented whenever possible. • Only some of the pre-2014 diamond core was oriented and some orientation marks have since faded or disappeared. 9 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. • Diamond drillers measure core recoveries for every drill run completed using either three or six metre core barrels. The core recovered is physically measured by tape measure and the length is recorded for every “run”. Core recovery is calculated as a percentage recovery. Core recovery is confirmed by Horizon field technicians and geologists during core orientation activities on site and recorded into the database. • Various diamond drilling additives (including muds and foams) were used to condition the drill holes and maximise recoveries and sample quality. • There is no significant loss of material reported in the mineralised parts of the diamond core intercepts reported. • The diamond core sample recovery and quality is considered to be adequate for the drilling technique employed. Pre-2014 Drillholes • Diamond core recovery was noted during the drilling and geological logging process as a percentage of core recovered vs. expected drill length. • 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 diamond 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. • Structural measurements of foliation, shearing, faulting, veining, lineations etc. (using a kenometer to collect alpha and beta angles) were collected for all diamond core. These measurements were then plotted down drill traces in 3D software to aid geological interpretations and modelling of gold mineralisation. • Rock Quality Designation (RQD) measurements are completed on all diamond core. • All diamond core is photographed in the core tray in both dry and wet. 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 diamond core 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 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. • Core samples were cut in half using an auto feed Almonte diamond core saw. Half core samples were collected for assay except duplicate samples which are quarter core. All remaining core is retained and stored in core trays on site. • Sample preparation was undertaken by ALS Perth. • At the laboratory, samples were weighed, dried and crushed to -6mm. The crushed sample was subsequently bulk-pulverised in an LM5 ring mill to achieve a nominal particle size of 85% passing <75um. • Sample sizes and laboratory preparation techniques are considered to be appropriate for the commodity being targeted. Pre-2014 Drillholes • DD has involved HQ and NQ core sizes. Sampling of diamond core has involved 1m sampling, with sampling over geological intervals (down to 0.1m) in more recent holes. The diamond core has generally been cut in half for sampling however some holes are whole core sampled and some quarter core sampled or quarter core sampled subsequent to half 10 Criteria JORC Code explanation Commentary • Whether sample sizes are appropriate to the grain size of the material being sampled. core sampling where alternate laboratory samples were submitted or thin section work was completed. • Where it has been suspected that drillholes were drilled down dip, scissor holes have been drilled. • Most drilling showed good sample recovery with the exception of some holes drilled in 1989. There is no stated evidence of there being sample bias due to preferential sampling. There is no relationship between sample recovery and grade. • Sample sizes and laboratory preparation techniques are considered to be appropriate for the commodity being targeted. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, 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 • Analysis for gold only was undertaken at ALS Perth using 50g Fire Assay with AAS finish to a lower detection limit of 0.01ppm. Fire assay is considered a “total” assay technique. • No geophysical tools or other non-assay instrument types were used in the analyses reported. • Review of routine standard reference material and sample blanks suggest there are no significant analytical bias or preparation errors in the reported analyses. • Results of analyses from field sample duplicates are consistent with the style of mineralisation being evaluated and considered to be representative of the geological zones which were sampled. • Internal laboratory QAQC checks are reported by the laboratory. • Review of the internal laboratory QAQC suggests the laboratory is performing within acceptable limits. Pre-2014 Drillholes • Initially, assaying utilised the aqua regia process but most assays referred to in this report have been by fire assay with an AAS finish using the site laboratory or off-site laboratories. A 50g charge was used. After 2000, samples were assayed at the Gidgee accredited mine-site laboratory using the Leachwell method with approximately 30g of sample pulverised to 85% passing -200 mesh. The analytic techniques are considered appropriate. Where coarse gold occurred, offsite screen fire assaying was carried out using a 105 micron sieve. • Samples were submitted to off-site laboratories with check assays carried out in 1988. Further check assays were carried out in other years however this data has not been analysed. Some CRMs and blank samples were used prior to 2002 however there is insufficient information to complete an accurate analysis. There are records of laboratory standards and blanks having been submitted post 2002 and an analysis of these shows good correlation between results. No evidence has been found in the mining process that there were issues with assaying. An analysis of duplicates showed that in general the precision of samples was adequate. 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. • All diamond core geological logging and sampling data were recorded in the field in hard copy form, and subsequently data entered into Excel spreadsheets. • Assay results are merged with sampling data using established database protocols run in house by HRN. • Digital data (Excel spreadsheets) were uploaded into a relational database and validated by experienced database personnel and geological staff. Plans, cross sections and long sections were generated, and visual validation was completed in 3D (Micromine) as further quality control. • Twin holes were not utilized to verify results; however, some infill verification holes were completed to test the strike continuity of mineralisation. Virtually all drilling confirmed expected geological and mineralogical interpretations. • The deposits are reasonably continuous in terms of mineralisation and grade. The continuity and consistency of the grade intercepts down dip and along strike give reasonable confidence in the verification of the grade and style of deposit. 11 Criteria JORC Code explanation Commentary • All historic reported data has been reported in technical reports submitted by previous tenement holders to the Western Australian Government which are now available as open file. • No adjustments were made to assay data except for replacing less than detection limit values with negative detection limit numerical values. • All significant intersections reported have been compiled and reviewed by senior geological personnel from the Company. 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. • Drill hole collar locations were determined using GDA94 Zone 50 coordinates and datum. • Drill hole collars were positioned and picked up on hole completion using a Carlson BRx7 DGPS (GDA94 Zone 50). DGPS eastings, northings and RL’s have been used for all RC and diamond hole collars. • Diamond core holes are routinely surveyed for down hole deviation using a DeviGyro set to collect readings every 5m down each hole. • The topography at all prospects drilled is flat, however 3D topographic surfaces or Digital Terrain Models (DTMs) were built using a combination of mine surveyor pickups, drill hole DGPS RL pickups, RL’s from specifically selected DGPS points and LiDAR data. • Locational accuracy at the collar and down the drill hole is considered appropriate for this stage of exploration and for resource estimation work. Pre-2014 Drillholes • Planned drill hole locations were positioned by either hand-held global positioning satellite (GPS) in AMG84 or GDA94 zone 50 datums or pegged on local grids by a mine surveyor and transformed to GDA94 coordinates. The majority of holes have subsequently been picked up by DGPS and were generally found to be within 1m horizontal and 1m vertical accuracy. • Historic drilling coordinates include both local, AMG84 and GDA94 coordinates. The Company database contains all sets of coordinates, but for the purpose of this report the GDA94 grid coordinates have been used. All coordinates are reported in GDA94 – Zone 50 grid datum. • The topography at Kingfisher is flat apart from waste dumps. • All drill collars were displayed in Micromine and visually checked against the DTMs. The DTMs were created using a combination of surveyed pit and waste dump pickups, DGPS pickups of historical and more recent drill hole collars, and specifically selected DGPS pickup points. RL data bias or error is considered low given the flat topography reported. • Down-hole surveys were routinely performed every 5m to 30m using a range of single shot, electronic multi-shot