Announcement PDF A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 | W valiantgold.com.au | Pg 1 ASX Announcement 30 April 2026 QUARTERLY ACTIVITIES & CASHFLOW REPORTS Valiant Gold Limited (ASX: VAL) (Valiant or Company) is pleased to provide an update on its activities for the quarter ended 31 March 2026. HIGHLIGHTS ➢ Valiant completes ASX listing under the code “VAL” and commenced trading on 27 March 2026. ➢ Initial Public Offer raised a total of $75m (before costs). ➢ Comet mine dewatering strategy well advanced. ➢ Maiden diamond drill program has commenced at South Emu - Triton Mine, Reedy South Project, with first assay results anticipated within 4-6 weeks. MANAGEMENT COMMENT “Following a successful IPO and our first quarter as an ASX-listed company, we are now focused on execution. At Comet, our dewatering strategy is well advanced, and a contractor proposal for the works has been received and is currently under review. At Reedy, our maiden diamond drilling program at South Emu–Triton is underway to test significant depth extensions to the defined system and demonstrate that the current mineral resource is under-drilled at depth, with the short-term opportunity to add material ounces into a mine plan recognised.” Brendan Tritton, Managing Director & CEO A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 2 OPERATIONAL UPDATE COMET PROJECT Figure 1 Comet Plan & Long Section1 As per the prospectus development plan, the Comet Project is the Company’s initial re- start focus. During the quarter, meetings with potential underground mining contractors were held and site visits arranged to plan dewatering of the Comet and Pinnacles underground mines, which last operated in 2022. This work included assessment of initial infrastructure requirements, validation of legacy data, and scenario planning. The Company is currently in discussions with the shortlisted contractor and is aiming to finalise engagement and commence dewatering and rehabilitation activities during the coming quarter. The Company has also finalised technical data reviews and defined a mining study scope to engage specialist consultants to update legacy Life of Mine (LoM) designs, supporting a competitive tender for underground mining at Comet and Pinnacles. Work is scheduled to commence next quarter. _____________________________ 1 Refer to the Company’s Prospectus dated 16 February 2026, as amended by the Supplementary Prospectus dated 20 February 2026, (together, the Prospectus) for further information regarding the Mineral Resource Estimates. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 3 REEDY PROJECT South Emu – Triton Mine maiden drill program commenced Diamond drilling has commenced at South Emu-Triton Mine, Reedy Project (Figure 2), below the existing Resource of 1.7Mt @ 4.00g/t Au for 224Koz of gold1. Historical production at South Emu-Triton has totalled approximately >370 Koz since the 1930s. Figure 2: Surface diamond drilling underway at South Emu-Triton Mine, Reedy Project. The Phase 1 program consists of an initial 6 diamond holes for 5,000m of drilling and aims to test significant step-outs at depth to defined resources, hosted by the Reedy shear (Figure 4). This drill program is anticipated to take 3-4 months to complete, with first assays anticipated in 4-6 weeks. Should the Phase 1 proof of concept drilling prove successful, the drill program will be expanded (Phase 2) with the aim of infilling and upgrading the existing resource, and testing along strike, to increase the size and confidence of the resource with a view to materially extend the potential mine life at Triton. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 4 Figure 3: Reedy Plan, priority development projects and exploration targets, with location of Schematic Long Section A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 5 Figure 4: South Emu - Triton Schematic Long Section (facing west) displaying Mineral Resource (MRE) inventory with ounce per vertical metre breakdown, previously mined volumes, significant intercepts (gram.meter intersections) outside the MRE outline and Phase 1 drill targets1 Refer to Appendix B - JORC Table 1 for relevant information concerning details of historic exploration sampling techniques, drilling methods, data quality and results reported in this announcement. Refer to Appendix C - South Emu-Triton Historic Exploration Collars and Significant Intercepts for drillhole location, survey and significant intercept information for historic exploration drilling reported in this announcement. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 6 Reedy North – Boomerang Figure 5: Boomerang Plan and Long Section View1 Investigation is underway as part of a technical review to assess potential open pit cutback scenarios, including validation of legacy data and evaluation of alternative pit designs, staging and scheduling assumptions. This work is intended to identify opportunities to optimise the development pathway and inform the scope of future mining and study activities. There were no substantive mining production or development activities during the quarter therefore the exploration and evaluation expenditure during the quarter was nil. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 7 CORPORATE IPO COMPLETION The Company was admitted to the official list of the Australian Securities Exchange (ASX) on 27 March 2026 following the successful completion of the Company’s initial public offering (IPO). As part of the IPO, Valiant entered into an ore purchase agreement with Big Bell Gold Operations Pty Ltd (BBGO) (OPA), a 100% owned subsidiary of Westgold, on arm's length terms pursuant to which Valiant will sell, and BBGO will purchase, ore mined from the Projects, which meets the specifications set out in the OPA, for processing on a co-mingling basis at BBGO's Meekatharra processing hub. Between 15,000 to 50,000 wet tonnes of ore per month is available to be delivered to BBGO's Meekatharra processing hub, subject to meeting minimum specifications and the other terms and conditions of the OPA. Refer to Sections 2.6 and 7.1(c) of the Prospectus dated 16 February 2026, as amended by the Supplementary Prospectus dated 20 February 2026, for further information regarding the OPA. VALIANT TECHNICAL TEAM EXPANDING Recruitment is ongoing to expand the Valiant technical team, with key appointments expected next quarter to further strengthen the Company’s geology and mining engineering capability. CASH AND EXPENDITURE As at 31 March 2026, the Company’s cash balance was $70.8M following the successful completion of its IPO raising $75M (before costs). Use of Funds In accordance with ASX Listing Rule 5.3.4, the Company presents its quarterly use of funds against its IPO prospectus projections. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 8 USE OF FUNDS (Listing Rule 5.3.4) Prospectus Description Per Prospectus $'000 Actual spent for the Quarter $'000 Actual spent to date $'000 Balance remaining $'000 Resource Drilling 12,500 - - 12,500 Exploration 15,000 - - 15,000 Studies 700 - - 700 Comet & South Emu mine restarts 21,000 - - 21,000 Tenement Costs 3,000 - - 3,000 Loan Repayment* 2,000 2,000 2,000 - Landholder Duty 3,100 - - 3,100 Working Capital 15,600 650 650 14,950 Costs of Offer and Listing and other expenses (including of the Demerger) 4,100 3,342 3,342 758 Total Use of Funds 77,000 5,992 5,992 71,008 *Valiant only utilised $2m out of the $3m loan facility. Payment to related parties In Item 6 of the Appendix 5B, payments to related parties and their associates of $331,632 comprised director fees, key management personnel remuneration, and reimbursements to Westgold Resources Limited for services in the ordinary course of business. CHANGE OF ADDRESS AND CONTACT DETAILS The Company advises that, effective 1 May 2026, the Company’s registered office and principal place of business addresses will change to Ground Floor, 34 Colin Street, West Perth WA 6005. The Company’s contact phone number will also change to +61 8 6373 8900. INVESTOR RELATIONS You can engage with the Company about this announcement here. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 9 This announcement is authorised for release by the Board of Directors. Enquiries: Brendan Tritton Investor Relations Managing Director and CEO communications@valiantgold.com.au +61 8 6373 8900 ABOUT VALIANT Valiant Gold is an emerging Western Australian gold company focused on unlocking value from proven Murchison assets. Demerged from Westgold Resources Limited (ASX: WGX) the Company holds 100% of the Reedy and Comet gold projects - brownfields operations with historical production of over 1Moz and a combined 1.2Moz Mineral Resource1. Both projects are located in the Murchison Province of Western Australia. With existing Mining Leases, a near-term pathway to production and a clear focus on restart and resource growth, Valiant is advancing toward its next phase of development. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 10 COMPETENT PERSON’S STATEMENT The information regarding the Mineral Resource estimates is extracted from Valiant Gold Limited’s Prospectus dated 16 February 2026, as amended by the Supplementary Prospectus dated 20 February 2026 (together, the Prospectus). The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus and that all material assumptions and technical parameters underpinning the estimates in the Prospectus 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 Prospectus. The information in the report to which this statement is attached that relates to the Estimation and Reporting of Mineral Resources at the Reedy's and Comet Gold Projects is based on information compiled by Ms Jill Irvin, BSc, a Competent Person who is a current Member of the Australian Institute of Geoscientists (MAIG 3035) and Registered Professional Geoscientist (RPGeo 10324). Ms Irvin, Principal Geologist at Entech Pty Ltd, is an independent consultant to Valiant Gold Limited with sufficient experience relevant to the style of mineralisation and deposit type under consideration and to the activities being undertaken 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. Ms Irvin consents to the inclusion in the report of matters based on her information, in the form and context in which it appears. The information in this announcement that relates to Exploration matters and activities is compiled by Mr Lieth de Selincourt M.Sc., who is a member of the Australian Institute of Geoscientists (MAIG 6123) and Society of Economic Geologists (MSEG 915908), has verified, reviewed, and approved such information. Mr de Selincourt has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities 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 (JORC Code). Mr de Selincourt is the Manager Exploration of Valiant Gold Limited and accordingly is not independent. Mr de Selincourt consents to and approves the inclusion in this Presentation of the matters based on his information in the form and context in which it appears. Mr de Selincourt is eligible to participate in incentive plans of Valiant Gold Limited. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 11 FORWARD LOOKING STATEMENTS This announcement includes various ‘forward-looking statements’ with respect to, among other things, goals, plans, and strategies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors beyond the control of the Company that may cause the actual results, performance and outcomes to be materially different from those expressed or implied by such statements. Forward-looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this announcement to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 12 APPENDIX A: Tenement Listing Project Location Tenement Status Beneficial Interest (%) REEDY WA G51/0013 LIVE 100 REEDY WA G51/0014 LIVE 100 REEDY WA G51/0015 LIVE 100 REEDY WA G51/0017 LIVE 100 REEDY WA G51/0026 LIVE 100 REEDY WA L20/0008 LIVE 100 REEDY WA L20/0010 LIVE 100 REEDY WA L20/0017 LIVE 100 REEDY WA L20/0018 LIVE 100 REEDY WA L20/0075 LIVE 100 COMET WA L21/0017 LIVE 100 COMET WA L21/0020 LIVE 100 REEDY WA L51/0029 LIVE 100 REEDY WA L51/0030 LIVE 100 REEDY WA L51/0031 LIVE 100 REEDY WA L51/0051 LIVE 100 REEDY WA L51/0078 LIVE 100 NANNINE WA L51/0079 LIVE 100 REEDY WA L51/0081 LIVE 100 REEDY WA L51/0091 LIVE 100 NANNINE WA L51/0099 LIVE 100 REEDY WA M20/0012 LIVE 100 REEDY WA M20/0045 LIVE 100 REEDY WA M20/0068 LIVE 100 REEDY WA M20/0069 LIVE 100 REEDY WA M20/0070 LIVE 100 REEDY WA M20/0071 LIVE 100 REEDY WA M20/0073 LIVE 100 REEDY WA M20/0077 LIVE 100 REEDY WA M20/0107 LIVE 100 REEDY WA M20/0212 LIVE 100 REEDY WA M20/0214 LIVE 100 REEDY WA M20/0219 LIVE 100 REEDY WA M20/0249 LIVE 100 REEDY WA M20/0309 LIVE 100 REEDY WA M20/0420 LIVE 100 REEDY WA M20/0421 LIVE 100 REEDY WA M20/0437 LIVE 100 REEDY WA M20/0438 LIVE 100 REEDY WA M20/0443 LIVE 100 REEDY WA M20/0444 LIVE 100 A Valiant Gold Limited, Level 13, 200 St Georges Terrace Perth WA 6000 |. W valiantgold.com.au |. Pg 13 REEDY WA M20/0476 LIVE 100 REEDY WA M20/0496 LIVE 100 REEDY WA M20/0561 PENDING 100 COMET WA M21/0008 LIVE 100 COMET WA M21/0072 LIVE 100 REED WA M51/0092 LIVE 100 REEDY WA M51/0233 LIVE 100 REEDY WA M51/0235 LIVE 100 REEDY WA M51/0236 LIVE 100 REEDY WA M51/0237 LIVE 100 REEDY WA M51/0254 LIVE 100 REEDY WA M51/0381 LIVE 100 REEDY WA M51/0649 LIVE 100 REEDY WA M51/0675 LIVE 100 REEDY WA M51/0746 LIVE 100 REEDY WA M51/0757 LIVE 100 REEDY WA M51/0762 LIVE 100 REEDY WA M51/0778 LIVE 100 REEDY WA M51/0788 LIVE 100 REEDY WA M51/0824 LIVE 100 REEDY WA P20/2243 LIVE 100 REEDY WA P51/3354 LIVE 100 1 JORC Code, 2012 Edition – Table 1 report template 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. Sampling at the South Emu and Triton deposits comprises surface drilling, underground drilling, and historic underground face channel sampling. The drilling database contains a total of 801 drill holes, including percussion, reverse circulation (RC), and diamond drill holes. Of these, 388 drill holes were assessed as suitable and used in the Mineral Resource estimation (see Prospectus 16th February 2026). The majority of drilling was completed prior to the early 2000s by various parties, with additional drilling undertaken by Metals X Limited between 2014 and 2016, and 359 RC/diamond drill holes have been completed by Westgold Limited since then to test down-dip continuity of mineralisation at Triton North and South Emu. Reverse Circulation (RC) sampling RC drilling represents approximately 20% of the dataset. Historic RC drilling was generally undertaken using 5¼–5½ inch face-sampling hammers, with samples collected at 1 m intervals and submitted either as individual samples or as 2–6 m composites. Anomalous composite intervals were resampled at 1 m intervals. Sample splitting was undertaken using PVC spears, scoops, or riffle splitters. Samples were pulverised and analysed using aqua regia or fire assay methods. Recent RC drilling (post-2013) utilised cyclone collection and multi-tier riffle splitters to produce approximately 3 kg sub-samples. Four-metre composites were generated from residual 1 m samples, with resampling undertaken where anomalous grades were returned. Historical RC sampling practices are assumed to be consistent with industry standards applicable at the time. Diamond drilling Diamond drilling represents approximately 53% of the dataset and includes HQ, NQ2, and BQ core. Sampling practices varied historically, with quarter-core, half-core, or whole-core sampling undertaken depending on core diameter. Recent diamond 2 Criteria JORC Code explanation Commentary drilling was logged and sampled on geologically defined intervals, with half-core NQ2 samples submitted for analysis. Core was cut along the core axis, and samples were prepared and analysed using fire assay. Percussion drilling Percussion drilling comprises approximately 23% of the drill hole dataset and was largely completed prior to the 1990s. Sampling was conducted at 1 m intervals and composited over 3–5 m lengths. Where composite samples returned anomalous grades, resampling was undertaken at 1 m intervals. Due to the historic nature of the dataset, detailed sampling metadata are limited, and it is assumed that sampling and analytical procedures were undertaken in accordance with industry standards applicable at the time. 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). Drilling at South Emu and Triton includes percussion, , RC, and diamond drilling. RC drilling utilised 5¼–5½ inch face-sampling hammers. Diamond drilling utilised HQ, NQ2, and BQ core sizes, with core orientation undertaken where possible during more recent programs. Due to the historic nature of much of the drilling, complete drilling metadata are not available for all programs, and it is assumed that drilling practices were consistent with industry standards applicable at the time of execution. 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. • Limited information is available regarding sample recovery for historic percussion, RC, and diamond drilling programs. • While some historic programs recorded recovery and sample quality, these data are not consistently available in digital format. • It is not known whether systematic measures were undertaken to maximise recovery during historic drilling. • Recent drilling programs recorded recovery and sample quality; however, no quantitative analysis of the relationship between recovery and grade was reported, and no material bias is considered evident based on available information 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. • The logging is qualitative in nature and the majority of the mineralised intervals have been logged. It was assumed the historic logging was performed to industry standards at the time of logging. 3 Criteria JORC Code explanation Commentary • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • The historic diamond core was geologically logged and in a number of instances logged for geotechnical characteristics. A small proportion of diamond core photography is retained and cut core still remains. • The historic RC drilling was geologically logged to industry standards at the time of logging. • The recent RC and diamond drill holes are all orientated and have been logged in detail for geology, veining, alteration, mineralisation and orientated structure. Core has been logged in enough detail to allow for the relevant mineral resource estimation techniques to be employed. Diamond core is photographed both wet and dry and the photographs are stored on Westgold and Valiant Gold (VAL) servers. 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. • Historic RC and percussion sampling practices varied by program and included spear, scoop, or riffle splitting. • Recent RC samples were split using riffle splitters to produce approximately 3 kg samples, which were pulverised prior to analysis. • Diamond core was cut along the adjacent to the core axis, with half- core samples typically submitted for analysis, except where BQ core was whole-sampled. • QA/QC procedures varied significantly throughout the project history, and only limited historic QA/QC records are available in digital format. • Sample sizes are considered appropriate for the grain size of the mineralisation. 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. • All samples were analysed by either fire assay or aqua regia based a subsample charge ranging from 25g to 50g. Aqua regia samples above 2ppm were re-analysed by fire assay (Metana). • The assay techniques are considered appropriate for the style of mineralization sampled. • No geophysical tools etc. have been used for the interpolation process. • Standards and blanks were used by the laboratory for all post-1991 sampling, and duplicates were routinely analysed. No evidence of 4 Criteria JORC Code explanation Commentary analytical bias exists for recent drilling (post-2012) where acceptable standards of QC were adopted and no bias is evident between these sampling programs and those of earlier generations of drilling. • Due to the historic nature of the dataset the QAQC procedures vary greatly throughout the projects history and range from the inclusion of pulp repeats (1 in 10 samples; Metana), coarse reject repeats for values >20 g/t (Metana), field duplicates (1 in 50 samples; Gold Mines of Australia) and the inclusion of standard reference material at various rates. However, only a limited number of QAQC results and associated metadata is stored in a digital format which has limited the QAQC analysis. 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. • Due to the historic nature of the dataset, it is not known whether independent or alternative persons verified significant intersections. • A re-logging and re-sampling program completed in 2016 included 22 historic diamond drill holes, and the re-sampling confirmed the tenor of the historic information. • No twin holes have been drilled to verify results. • Post-2012 drilling intersected mineralised lodes at similar thicknesses and tenors to those predicted by historic drilling. • All drilling data are stored in a SQL database with in-built validation checks. A large proportion of supporting information is retained as hardcopy records in the Westgold Bluebird data library. Due to the historic nature of the dataset, a significant proportion of metadata is not available in digital format. • Assay data were historically entered as averaged values; where original assay data have been recovered and verified, the original values are now retained without • modification. 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 recent (post-2012) drilling has been set out and picked up using an RTK GPS. Downhole survey measurements for recent diamond surface holes used a Gyro with measurements recorded every 10m. • Limited information is available regarding the surveying of the pre- 1991 drill holes. Post-1991 the drill hole collar locations have been 5 Criteria JORC Code explanation Commentary pickup by mine surveyors. Recent surveying of the project area has resulted in the picking up of historic collars on an ad hoc bases. Limited information regarding the down-the-hole surveying of the pre-1991 holes are available, but the post-1991 drilling has been primarily surveyed using Eastman single shots. • All drill holes and mine workings were surveyed on a local mine grid and subsequently transformed to MGA94 zone 50 co-ordinate system. The local grid to MGA94 transformation have been validated by MLX surveys in 2015. • A local grid (Reedy 2014) is established at South Emu-Triton trend. • 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. • Drill hole spacing is a nominal 40m x 40m that has been in-filled to a nominal 20m x 20m in the main zone of mineralisation at South Emu and Triton mineralised areas focusing on defining optimal coverage within 125m from the surface. At deeper levels within the deposit at Triton, below the MRE, drillhole spacing broadens to approximately 80m x 80m. • Composited samples were taken throughout the project history, but anomalous composites were resampled on 1m intervals. 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. • Drilling intersections are nominally designed to be normal to the orebody as far as topography and historic production area allows. In general, the nominal drill direction is toward local grid east with a dip ranging from 40° to 60°. • The drilling orientation is suitable for the South Emu and Triton mineralization and it is unlikely to introduce any material sampling bias. Sample security • The measures taken to ensure sample security. • Limited information is available about the historic sample security measures undertaken. It is assumed historical samples were delivered directly to the preferred laboratory and were taken into custody by the