For personal use only
9 March 2022
ASX Market Announcements
ADDENDUM TO "FIELD EXPLORATION COMMENCES AT TENEMENTS NEAR BROKEN HILL STIRLING VALE AND KANBARRA" OF 8 MARCH 2022.
The following addendum is to be included in the "Field exploration commences at tenements near Broken Hill Stirling Vale and Kanbarra" release of 8 March 2022:
Authorised by:
Eric Sam Yue
Executive Director / Company Secretary
Contact telephone: +61 2 9264 6988
AUSMON RESOURCES LIMITED ABN 88 134 358 964
'World Tower" Suite 1312, 87-89 Liverpool Street, Sydney NSW 2000 Australia.
PO BOX 20188 World Square, NSW 2002 Australia
Tel: 61 2 9264 6988 Fax: 61 2 9283 7166 Email: office@ausmonresources.com.au
www.ausmonresources.com.au ASX code: AOA
JORC Code, 2012 Edition - Table 1 Exploration Commences at Stirling Vale and Kanbarra near Broken Hill- March 2022
Section 1 Sampling Techniques and Data
only | |||
Criteria | JORC Code explanation | Commentary | |
Sampling | • Nature and quality of sampling (e.g., cut channels, random chips, or | • The magnetic images included in this report are open file datasets | |
techniques | specific specialised industry standard measurement tools appropriate | obtained from the NSW Government Minview Website | |
to the minerals under investigation, such as down hole gamma | • The magnetic digital data was processed by Perth based Geophysical | ||
sondes, or handheld XRF instruments, etc). These examples should | consultancy Southern Geoscience and delivered to New Base Metals | ||
not be taken as limiting the broad meaning of sampling. | Pty Ltd for review. | ||
use | • Include reference to measures taken to ensure sample representivity | • New Base Metals Pty Ltd completed a lithostructural interpretation of | |
and the appropriate calibration of any measurement tools or systems | the geophysical datasets to determine targets for follow up | ||
used. | exploration based on magnetic linears and areas of high and low | ||
• Aspects of the determination of mineralisation that are Material to the | magnetic response. | ||
Public Report. | |||
• In cases where 'industry standard' work has been done this would be | |||
relatively simple (e.g., '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, | |||
personalr | such as where there is coarse gold that has inherent sampling | ||
problems. Unusual commodities or mineralisation types (e.g., | |||
submarine nodules) may warrant disclosure of detailed information. | |||
Drilling | • Drill type (e.g., core, reverse circulation, open-hole hammer, rotary air | • Not applicable as no field-based exploration is being reported | |
techniques | blast, auger, Bangka, sonic, etc) and details (e.g., 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). | |||
Drill sample | • Method of recording and assessing core and chip sample recoveries | • Not applicable as no field based exploration is being reported | |
recovery | 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. | |||
Logging | • Whether core and chip samples have been geologically and | • Not applicable as no field based exploration is being reported | |
geotechnically logged to a level of detail to support appropriate | |||
Mineral Resource estimation, mining studies and metallurgical | |||
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Criteria | JORC Code explanation | Commentary | |||||
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. | |||||||
Sub-sampling | • If core, whether cut or sawn and whether quarter, half or all core | • Not applicable as no field based exploration is being reported | |||||
techniques | taken. | ||||||
and sample | • If non-core, whether riffled, tube sampled, rotary split, etc and | ||||||
preparation | 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. | |||||||
Quality of | • The nature, quality and appropriateness of the assaying and | Not applicable as no field based exploration is being reported | |||||
assay data | laboratory procedures used and whether the technique is considered | ||||||
and | partial or total. | ||||||
laboratory | • For geophysical tools, spectrometers, handheld XRF instruments, etc, | ||||||
tests | 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 (e.g., standards, blanks, | |||||||
duplicates, external laboratory checks) and whether acceptable levels | |||||||
of accuracy (i.e., lack of bias) and precision have been established. | |||||||
Verification of | • The verification of significant intersections by either independent or | Not applicable as no field based exploration is being reported | |||||
sampling and | alternative company personnel. | ||||||
assaying | • 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. | |||||||
Location of | • Accuracy and quality of surveys used to locate drill holes (collar and | Not applicable as no field based exploration is being reported | |||||
data points | 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. | |||||||
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Criteria | JORC Code explanation | Commentary | ||||
Data spacing | • Data spacing for reporting of Exploration Results. | • Data line spacing of the ,magnetic images varied from 100-200m. | ||||
and | • Whether the data spacing, and distribution is sufficient to establish | |||||
distribution | 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. | ||||||
Orientation of | • Whether the orientation of sampling achieves unbiased sampling of | • Not applicable as no field based exploration is being reported | ||||
data in | possible structures and the extent to which this is known, considering | |||||
relation to | the deposit type. | |||||
geological | • If the relationship between the drilling orientation and the orientation | |||||
structure | of key mineralised structures is considered to have introduced a | |||||
sampling bias, this should be assessed and reported if material. | ||||||
Sample | • The measures taken to ensure sample security. | • Not applicable as no field based exploration is being reported | ||||
security | ||||||
Audits or | • The results of any audits or reviews of sampling techniques and data. | • Ausmon internally reviewed the data specifications for the | ||||
reviews | geophysical data | |||||
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria | JORC Code explanation | Commentary | |||||
Mineral | • Type, reference name/number, location and ownership including | • Lithostructural targets were developed inhouse by New Base Metals | |||||
tenement and | agreements or material issues with third parties such as joint | Pty Ltd geologists for ELs Stirling Vale, Kanbarra, Mt Darling, Eureka | |||||
land tenure | ventures, partnerships, overriding royalties, native title interests, | and Enmore ……. | |||||
status | historical sites, wilderness or national park and environmental | • The tenements are owned by New Base Metals Pty Ltd, a wholly- | |||||
settings. | owned subsidiary of Ausmon Resources Limited. | ||||||
• The security of the tenure held at the time of reporting along with any | • The tenements are located in New South Wales approximately 10km | ||||||
known impediments to obtaining a licence to operate in the area. | west and 50m south of Broken Hill in New South Wales | ||||||
• Broken Hill is the nearest major town. | |||||||
• There are no JVs and Royalties | |||||||
• There are no Native Title claimants | |||||||
• The tenements are located in the Broken Hill Council Area. | |||||||
Exploration | • Acknowledgment and appraisal of exploration by other parties. | • North Broken caried out a small drilling program in the mid 1980's | |||||
done by other | • Normandy Mining completed regolith mapping and drilling of | ||||||
parties | magnetic highs in the 1990's | ||||||
• Perilya completed an airborne EM survey in the 2000's and a few | |||||||
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Criteria | JORC Code explanation | Commentary | |||||
diamond core holes and soil sampling using a hand-held pXRF | |||||||
• CRAE carried out regional geochemical exploration in the 1970's and | |||||||
1960's | |||||||
Geology | • Deposit type, geological setting and style of mineralisation. | • The exploration targets are cobalt, nickel copper and chromite | |||||
mineralisation associated with serpentinised ultramafics of the Coolac | |||||||
Serpentinite Belt and gold/copper associated with felsic intrusions | |||||||
Drill hole | • A summary of all information material to the understanding of the | • Not applicable as no field based exploration is being reported | |||||
Information | exploration results including a tabulation of the following information | ||||||
for all Material drill holes: | |||||||
o easting and northing of the drill hole collar | |||||||
o elevation or RL (Reduced Level - elevation above sea level in | |||||||
metres) of the drill hole collar | |||||||
o dip and azimuth of the hole | |||||||
o down hole length and interception depth | |||||||
o hole length. | |||||||
• If the exclusion of this information is justified on the basis that the | |||||||
information is not Material and this exclusion does not detract from | |||||||
the understanding of the report, the Competent Person should clearly | |||||||
explain why this is the case. | |||||||
Data | • In reporting Exploration Results, weighting averaging techniques, | •Not applicable as no field based exploration is being reported | |||||
aggregation | maximum and/or minimum grade truncations (e.g., cutting of high | ||||||
methods | grades) and cut-off grades are usually Material and should be stated. | ||||||
• Where aggregate intercepts incorporate short lengths of high-grade | |||||||
results and longer lengths of low-grade results, the procedure used | |||||||
for such aggregation should be stated and some typical examples of | |||||||
such aggregations should be shown in detail. | |||||||
• The assumptions used for any reporting of metal equivalent values | |||||||
should be clearly stated. | |||||||
Relationship | • These relationships are particularly important in the reporting of | • Not applicable as no field based exploration is being reported | |||||
between | Exploration Results. | ||||||
mineralisation | • If the geometry of the mineralisation with respect to the drill hole | ||||||
widths and | angle is known, its nature should be reported. | ||||||
intercept | • If it is not known and only the down hole lengths are reported, there | ||||||
lengths | should be a clear statement to this effect (e.g., 'down hole length, true | ||||||
width not known'). | |||||||
Diagrams | • Appropriate maps and sections (with scales) and tabulations of | • A map showing the all target areas in relation to the tenements, is | |||||
intercepts should be included for any significant discovery being | included in the announcement. | ||||||
reported These should include, but not be limited to a plan view of | |||||||
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Ausmon Resources Ltd. published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 05:10:04 UTC.