King River Resources : Tennant Creek Gold Drilling Commences

`	G O L D E X P L O R AT I O N D R I L L I N G TO
	C O M M E N C E - T E N N A N T C R E E K

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Australian Securities Exchange Announcement

7/8/2020

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King River Resources Ltd (ASX:KRR) is pleased to announce a 2,000m RC drill programme will commence on Monday 10 August 2020, testing for high-grade gold mineralization at its Tennant Creek project, after delays caused by the Covid 19 pandemic restrictions.

The drilling will follow-up on very encouraging geophysical results returned from 2019 geophysical surveys (ground magnetics and gravity) shown in Figures 1 and 2 (see KRR ASX announcements 10/1/20 and 16/7/20). KRR will also commence reconnaissance exploration and geophysical surveys (ground and airborne) in the coming weeks to progress other priority targets for drilling.

Drill Programme Commencing - EL31619

Drilling at the Lone Star area will target 3 main coincident gravity and magnetic trends. The strength of the magnetic and gravity anomalism of these targets is comparable to other known Iron Oxide Copper Gold (IOCG) deposits in the area. Of note Emmerson Resources Mauretania deposit is only 700m from the western boundary of KRR's tenement where 20m @ 38.5g/t Au was returned in a diamond drill hole last year (Emmerson Resources ASX announcement 4/7/19). This and other nearby deposits follow NW-SE and EW trends that can be seen in the geophysical results.

Magnetic

Anomaly

E-W Trending Mag/

Grav AnomalyGravity

Anomaly

NW-SE Trending Mag/

Grav Anomaly

Coincident Magnetic and

Gravity Target

possible zoned ironstone body

Figure 1: Lone Star Area - 3D view showing magnetic (red) and gravity (grey) isosurfaces of 2019 ground magnetic and

gravity survey models. Drilling will target 3 trends of coincident magnetic and gravity anomalies.

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Drilling will then move to the Commitment Prospect where a large coincident magnetic and gravity anomaly follows a NW/SE trend. Drilling will target the main magnetic body as well as a strong gravity anomaly slightly offset from the main magnetic body possibly representing a hematite rich zone.

Coincident Magnetic and

Gravity Target	Strong Gravity
possible zoned ironstone body	Anomaly - Offset

Magnetic

Anomaly

Gravity

Anomaly

500m

Figure 2: Commitment Prospect - 3D view showing magnetic (red) and gravity (grey) isosurfaces of airborne magnetic

and 2019 gravity survey models. Drilling will target coincident magnetic and gravity anomalies.

Other Tennant Creek Exploration Plans

The company's wholly owned subsidiary Treasure Creek Pty Ltd holds 7,900km2 in 16 tenements (14 granted and 2 applications) in the Tennant Creek Region around the Tennant Creek, Rover and Kurundi Gold fields, covering 4 main project areas: Tennant Creek East, Tennant East/Barkley, Rover East and Kurundi (Figure 3, Table 1).

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Tennant

Creek East

Tennant Creek Gold Field

~ 5.5M ozs Au production

Rover

East

Rover Gold Field Rover 1: +1.2M oz Au resources

EL31619

				Barkley/
				Tennant East
EL31618
				EL31634
EL31617
					EL31633
		EL31623
				EL31625
			EL31626	EL31627
	EL32200	EL32199		EL31628
	Kurundi
Kurundi/Kurineli
			Gold Field		EL31629
		EL32344

EL32345

Figure 3: KRR's Tennant Creek Tenements and Project Areas. Green polygons KRR granted and Blue polygons KRR

applications.

The Tennant Creek and Rover gold fields are host to high-grade IOCG deposits with over 5.5M ozs Au mined from Tennant Creek and a resource of 1.2M oz Au estimated in 2010 at Rover 1 (Westgold Resources 23/2/10 ASX release). The Treasure Creek holdings cover areas along strike of both the Tennant Creek and Rover Gold Fields areas of similar stratigraphic and structural settings. Past exploration in these areas has been brief, sporadic and disjointed, with many areas under shallow Cambrian cover preventing discovery by historic explorers. The company believes that, with the application of systematic exploration and new/advanced geophysical techniques, significant gold discovery could be made.

Exploration is targeting IOCG style mineralization (IOCG) characterized by gold and copper mineralization associated with ironstone bodies, likely of the Tennant Creek Style. These ironstone bodies have varying degrees of hematite and magnetite often forming discrete geophysical targets and may be characterised by the bonanza gold intersections seen elsewhere at Tennant Creek.

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In addition to the current drill programme, exploration planned for 2020 will also include reconnaissance of the Tennant Creek East area which is immediately adjacent to the Metallic Hill, Blue Moon, Lady May, and Gigantic historic IOCG gold mines (all between 200-800m of the tenement boundary). The best of the known magnetic anomalies and reconnaissance discoveries in this area will be tested with ground magnetics/gravity surveys this year.

In the Tennant East/Barkley area KRR has been awarded a grant for funding under Round 13 of the Geophysics and Drilling collaborations program administered by the Northern Territory Geological Survey (NTGS). The co-funded programme (50% of survey costs) includes a ground geophysical and a detailed airborne magnetics survey over EL31633 and a ground geophysical survey over EL31634 to test and define significant magnetic anomalies and depth of cover in a previously unexplored area.

Initial reconnaissance exploration is also planned for KRR's Kurundi Project where KRR has 4 exploration licences (2 granted) over part of the Kurundi Anticline and covers the Kurundi historic gold mine (historic underground and open pit mining where previous exploration rock chip sampling returned gold results over 5g/t Au and copper values up to 9.7% Cu) and the Whistle Duck prospect where previous exploration reported gold results up to 13g/t Au and copper values up to 5% Cu in rock chip sampling.

Proposed 2020 exploration at Tennant Creek is summarized below:

• RC drill programme at Lonestar Trend, Commitment and BIF Hill.
• Reconnaissance exploration of Tennant Creek East.
• Ground magnetic surveys at Tennant Creek East best air magnetics and reconnaissance anomalies.
• Airborne magnetics and ground geophysical surveys at Tennant East/Barkley -EL31633 and EL31634.
• Reconnaissance exploration at Kurundi.
• Follow-updrilling of best results from 2020 exploration.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Ken Rogers and Andrew Chapman and fairly represents this information. Mr. Rogers is the Chief Geologist and an employee of the Company, and a member of both the Australian Institute of Geoscientists (AIG) and The Institute of Materials Minerals and Mining (IMMM), and a Chartered Engineer of the IMMM. Mr. Chapman is a Consulting Geologist contracted with the Company and a member of the Australian Institute of Geoscientists (AIG). Mr. Rogers has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Chapman and Mr. Rogers consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

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TABLE 1: SCHEDULE OF TENEMENTS

TREASURE CREEK PTY LTD

(wholly-owned subsidiary of King River Resources Limited)

Tenement	Project	Ownership
EL31617		100%
EL31618		100%
EL31619		100%
EL31623		100%
EL31624		100%
EL31625		100%
EL31626	Tennant Creek	100%
EL31627	100%
EL31628		100%
EL31629		100%
EL31633		100%
EL31634		100%
EL32199		100%
EL32200		100%
ELA32344		100%
ELA32345		100%

Note:

EL = Exploration Licence (granted)

ELA = Exploration Licence (application)

Appendix 1: King River Resources Limited JORC 2012 Table 1

The following section is provided to ensure compliance with the JORC (2012) requirements for the reporting of exploration results:

SECTION 1 : SAMPLING TECHNIQUES AND DATA

Criteria	JORC Code explanation		Commentary
Sampling	Nature and quality of sampling (e.g. cut channels, random chips, or		This ASX Release dated 7 August 2020 reports on KRR's planned commencement of gold
Techniques	specific specialised industry standard measurement tools appropriate		exploration for 2020 at its Tennant Creek Projects.
	to the minerals under investigation, such as down hole gamma sondes,		No new results are reported in this report.
	or handheld XRF instruments, etc.). These examples should not be
	taken as limiting the broad meaning of sampling.		Planned Surface rock chip sampling. No New results reported. Samples are around 1-2kg and
			selected from newly discovered outcrops or float.
			Planned RC Programme
			No new drilling reported
			RC Sampling: All samples from the RC drilling are taken as 1m samples. Samples are sent to
			ALS Laboratories in Perth for assaying.
			Appropriate QAQC samples (standards, blanks and duplicates) are inserted into the sequences
			as per industry best practice. Samples are collected using cone or riffle splitter. Geological
			logging of RC chips is completed at site with representative chips being stored in drill chip trays.
			Onsite XRF analysis is conducted on the fines from RC chips using a hand‐held Niton XRF
			Model XL3T 950 Analyser. These results are only used for onsite interpretation and preliminary
			assessment subject to final geochemical analysis by laboratory assays. Actual values are not
			quoted and the results are used as an interpretive tool for further drill hole design. Detection of
			gold by the Niton device is not considered reliable as it is possible that a mineral with similar
			characteristics was detected.
Sampling	Include reference to measures taken to ensure sample representivity	Rock Chip Sampling: Rock chip samples are recorded on a sampling sheet which includes nature
Techniques	and the appropriate calibration of any measurement tools or systems	of sampled site, rock type, structure site, structure orientation, size, mineralisation style.
(continued)	used.	Samples are selected to give an understanding of mineralisation and alteration styles and are
		representative only based on sample site description.
		Planned RC Programme
		No new drilling reported.
		The RC drilling rig has a cone splitter built into the cyclone on the rig. Samples are taken on a
		one meter basis and collected directly from the splitter into uniquely numbered calico bags. The

Criteria	JORC Code explanation	Commentary
		calico bag contains a representative sample from the drill return for that metre. This results in a
		representative sample being taken from drill return, for that metre of drilling. The remaining
		majority of the sample return for that metre is collected and stored in a green plastic bag marked
		with that specific metre interval. The cyclone is blown through with compressed air after each
		plastic and calico sample bag is removed. If wet sample or clays are encountered, then the
		cyclone is opened and cleaned manually and with the aid of a compressed air gun.
		Geological logging of RC chips is completed at site with representative chips being stored in drill
		chip trays. Downhole surveys of dip and azimuth are conducted using a single shot camera every
		50m to 100m to detect deviations of the hole from the planned dip and azimuth (every 10m for
		close spaced infill drilling. The drill‐hole collar locations were recorded using a hand held GPS,
		which has an accuracy of +/‐ 10m. At a later date the drillhole collar may be surveyed with a
		DGPS to a greater degree of accuracy (close spaced infill drilling is pegged and picked up with
		DGPS).
	Aspects of the determination of mineralisation that are Material to the	Rock Chip Sampling: samples are selected specifically to give an understanding of
	Public Report.	mineralisation/alteration styles and minerals present.
	In cases where 'industry standard' work has been done this would be	RC Sampling: Sampling is done from the 1m splits in altered or mineralised rock and at 4m
	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	composites in unaltered/unmineralised rock.
	fire assay'). In other cases more explanation may be required, such as	Diamond sampling (not in this programme): Sampling is done from geological boundaries
	where there is coarse gold that has inherent sampling problems.
	Unusual commodities or mineralisation types (e.g. submarine nodules)	identified by a geologist. The intervals are based on structure, alteration, veining and
	may warrant disclosure of detailed information.	mineralisation. Samples no smaller than 20cm and no bigger than 1.3m are taken. The core is
		cut in two with a core cutting machine.
		KRR Samples are assayed by ALS Laboratory for multi
		followed by multi element analysis with ICP
		spectroscopy) or ICP
		on element being assayed for and grade ranges). Au, Pt and Pd processed by fire assay and
		analysis with ICP<>
		Laboratory QAQC procedures summary:
		Following drying of samples at 85°C in a fan forced gas oven, material <3kg was pulverised to
		85% passing 75µm in a LM<5 with samples >3kg passing through a 50:50 riffle split prior to
		pulverisation. Fire assay was undertaken on a 30g charge using lead flux Ag collector fire assay
		with aqua regia digestion and ICP
		a 0.25g using a combination of four acids including hydrofluoric acid for near total digestion.
		Determination was undertaken with a combination of ICP

	Criteria	JORC Code explanation	Commentary
	Drilling	Drill type (e.g. core, reverse circulation, open	Planned RC Programme
	techniques	blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple	No new drilling reported.
		or standard tube, depth of diamond tails, face
		type, whether core is oriented and if so, by what method, etc.).	The RC drilling uses a 140 mm diameter face hammer tool. High capacity air compressors on the
			drill rig are used to ensure a continuously sealed and high pressure system during drilling to
			maximise the recovery of the drill cuttings, and to ensure chips remain dry to the maximum
			extent possible.
	Drill sample	Method of recording and assessing core and chip sample recoveries	Planned RC Programme
	recovery	and results assessed,
	No new drilling reported.
		Measures taken to maximise sample recovery and ensure
		representative nature of the samples.	RC samples are visually checked for recovery, moisture and contamination.
		Whether a relationship exists between sample recovery and grade and
		whether sample bias may have occurred due to preferential loss/gain of	Geological logging is completed at site with representative RC chips stored in chip trays and core
		fine/coarse material.
		in diamond core trays.
			RC Samples are collected using cone or riffle splitter. Geological logging of RC chips is
			completed at site with representative chips being stored in drill chip trays.
			To date, no detailed analysis to determine the relationship between sample recovery and grade
			has been undertaken for any drill program. This analysis will be conducted following any
			economic discovery.
			The nature of iron oxide copper gold mineralisation within competent ironstones and host rocks
			will be evaluated to reduce any possible issue of sample bias due to material loss or gain.
	Logging	o Whether core and chip samples have been geologically and	Planned RC Programme
		geotechnically logged to a level of detail to support appropriate
		Mineral Resource estimation, mining studies and metallurgical	No new drilling reported.
		studies.	Geological logging is carried out on all drill holes with lithology, alteration, mineralisation,
		o Whether logging is qualitative or quantitative in nature. Core (or
		costean, channel, etc.) photography.	structure and veining recorded.
		o The total length and percentage of the relevant intersections logged.
			Logging of records lithology, mineralogy, mineralisation, structures (foliation), weathering, colour
			and other noticeable features. Selected mineralised intervals were photographed in both dry and
			wet form.
			All drill holes are geologically logged in full and detailed lithogeochemical information is collected
			by the field XRF unit to help determine potential mineralised intersections. The data relating to
			the elements analysed is used to determine further information regarding the detailed rock

	Criteria		JORC Code explanation	Commentary
				composition and mineralised intervals.
	Sub<>		o If core, whether cut or sawn and whether quarter, half or all core	Planned RC Programme
	techniques		taken.
	and sample		o If non<_core2c_ whether="" _riffled2c_="" tube="" _sampled2c_="" rotary="" _split2c_="" etc.="">	No new drilling reported.
	preparation		whether sampled wet or dry.
			o For all sample types, the nature, quality and appropriateness of the	RC samples are collected in dry form. Samples are collected using cone or riffle splitter when
			sample preparation technique.
			available. Geological logging of RC chips is completed at site with representative chips being
			o Quality control procedures adopted for all sub
			stored in drill chip trays.
			maximise representivity of samples.

1. Measures taken to ensure that the sampling is representative of the

	in situ material collected, including for instance results for field	Assay preparation procedures ensure the entire sample is pulverised to 75 microns before the
	duplicate/second	sub‐sample is taken. This removes the potential for the significant sub‐sampling bias that can be
	o Whether sample sizes are appropriate to the grain size of the	introduced at this stage.
	material being sampled.
		Field QC procedures maximise representivity of RC samples and eliminate sampling errors,
		including the use of duplicate samples. Also the use of certified reference material including
		assay standards and with blanks aid in maximising representivity of samples.
		For fire assay a run of 78 client samples includes a minimum of one method blank, two certified
		reference materials (CRMs) and three duplicates. For the multi
		consists of up to 35 client samples with a minimum of one method blank, two CRMs and two
		duplicates. The analytical facility is certified to a minimum of ISO 9001:2008.
		Field duplicates were taken every 20th sample for RC and Diamond samples.
		The sample sizes are considered to be appropriate to correctly represent the gold<>
		mineralisation at the Project based on the style of mineralisation (epithermal quartz vein), the
		thickness and consistency of the intersections and the sampling methodology.
Quality of	The nature, quality and appropriateness of the assaying and laboratory	Rock Chip Samples: Rock chip samples as received from the field will be assayed by ALS
assay data	procedures used and whether the technique is considered partial or	Laboratory for multi-elements using either a four acid digest (nitric, hydrochloric, hydrofluoric and
and laboratory	total.	perchloric acids) followed by multi element analysis with ICP-AES (Inductively coupled plasma
tests
	atomic emission spectroscopy) or ICP-MS (Inductively coupled plasma mass spectrometry)
		analysis dependent on element being assayed for and grade ranges). Au, Pt and Pd processed
		by fire assay and analysis with ICP-AES. The analytical facility is certified to a minimum of ISO
		9001:2008.
		Planned RC Programme

	Criteria	JORC Code explanation	Commentary
			No new drilling reported.
			RC drill samples as received from the field will be assayed by ALS Laboratory for multi<>
			using either a four acid digest (nitric, hydrochloric, hydrofluoric and perchloric acids) followed by
			multi element analysis with ICP
			spectroscopy) or ICP
			on element being assayed for and grade ranges). Au, Pt and Pd processed by fire assay and
			analysis with ICP
		For geophysical tools, spectrometers, handheld XRF instruments, etc.,	A handheld XRF instrument (Niton XRF Model XL3T 950 Analyser) is used to systematically
		the parameters used in determining the analysis including instrument	analyse the RC chips onsite. Reading time was 60 seconds. The instruments are serviced and
		make and model, reading times, calibrations factors applied and their	calibrated at least once a year. Field calibration of the XRF instrument using standards is
		derivation, etc.
		undertaken each day. If It is mentioned in the text that gold was detected by the niton - actual
			values are not quoted and the results are used as an interpretive tool for further drill hole design.
			Detection of gold by the niton device is not considered reliable as it is possible that a mineral with
			similar characteristics was detected.
		Nature of quality control procedures adopted (e.g. standards, blanks,	Rock Chip Samples: Laboratory QA/QC involves the use of internal lab standards using certified
		duplicates, external laboratory checks) and whether acceptable levels	reference material, blanks, splits and replicates as part of in house procedures. The Company
		of accuracy (i.e. lack of bias) and precision have been established.	will also submit an independent set of field duplicates (see above).
			RC Samples: Laboratory QA/QC involves the use of internal lab standards using certified
			reference material, blanks, splits and replicates as part of in house procedures. The Company
			will also submit an independent set of field duplicates (see above).
	Verification of	The verification of significant intersections by either independent or	Rock Chip Samples: Data entry carried out by field personnel thus minimizing transcription or
	sampling and	alternative company personnel.	other errors. Careful field documentation procedures and rigorous database validation ensure
	assaying		that field and assay data are merged accurately. Significant intersections are verified by the
			Company's Chief Geologist and Senior Consulting Geologist.
			RC Samples: Data entry carried out by field personnel thus minimizing transcription or other
			errors. Careful field documentation procedures and rigorous database validation ensure that
			field and assay data are merged accurately. Significant intersections are verified by the
			Company's Chief Geologist and Senior Consulting Geologist.
		The use of twinned holes.	No twin holes are planned at this reconnaissance drilling stage.
	Verification of	Documentation of primary data, data entry procedures, data verification,	Rock Chip Samples: Geological data will be collected using handwritten log sheets and imported
	sampling and	data storage (physical and electronic) protocols.	in the field onto a laptop detailing geology (weathering, structure, alteration, mineralisation),
	assaying		sampling quality and intervals, sample numbers, QA/QC and survey data. This data, together
	(continued)
		with the assay data received from the laboratory and subsequent survey data was entered into
			the Company's database.

Criteria	JORC Code explanation	Commentary
		Planned RC Programme
		Geological data will be collected using handwritten log sheets and imported in the field onto a
		laptop detailing geology (weathering, structure, alteration, mineralisation), sampling quality and
		intervals, sample numbers, QA/QC and survey data. This data, together with the assay data
		received from the laboratory and subsequent survey data was entered into the Company's
		database.
	Discuss any adjustment to assay data.	No adjustments or calibrations will be made to any primary assay data collected for the purpose
		of reporting assay grades and mineralised intervals.
Location of	Accuracy and quality of surveys used to locate drill holes (collar and	Rock Chip Samples: Rock sample locations picked up with hand held GPS (sufficient for first
data points	down	pass reconnaissance).
	in Mineral Resource estimation.
		Planned RC Drilling Programme
		No new drilling reported.
		Holes pegged and picked up with hand held GPS 4<10m accuracy and is considered adequate
		for this reconnaissance stage exploration drilling.
		End of hole down hole survey single shots were taken with an electronic multishot tool for most
		holes. Some holes were surveyed with a multishot camera.
	Specification of the grid system used.	All rock samples, drill collar and geophysical sample locations recorded in GDA94 Zone 52.
	Quality and adequacy of topographic control.	Rock Chip Samples: Topographic locations interpreted from GPS pickups (barometric altimeter),
		DEMs and field observations. Adequate for first pass reconnaissance. Best estimated RLs were
		assigned during drilling and are to be corrected at a later stage.
		Planned RC Programme
		No new drilling reported.
		Topographic locations interpreted from GPS pickups (barometric altimeter), DGPS pickups,
		DEMs and field observations. Adequate for first pass reconnaissance. Best estimated RLs were
		assigned during drilling and are to be corrected at a later stage.
Data spacing	Data spacing for reporting of Exploration Results.	Rock Chip Samples: Surface rock chip samples taken of outcrop with visible alteration or
and		mineralisation. Rock samples are selected by geologist to assist with identification of the nature
distribution		of the mineralisation present at each location. No set sample spacing was used and samples
		were taken based on geological variation at the location.

	Criteria	JORC Code explanation	Commentary
			Planned RC Programme
			No new drilling reported.
			Planned RC drilling is reconnaissance in nature with no set drill spacing at this stage.
		Whether the data spacing and distribution is sufficient to establish the	Rock Chip Sampling: Rock chip samples will be taken at specific sites of geological interest and
		degree of geological and grade continuity appropriate for the Mineral	not for JORC classification.
		Resource and Ore Reserve estimation procedure(s) and classifications	Planned RCH Programme
		applied.
			No new drilling reported.
			Drilling at the Project is at the exploration stage and mineralisation has not yet demonstrated to
			be sufficient in both geological and grade continuity appropriate for the Mineral Resource and
			Ore Reserve estimation procedure(s) and classifications to be applied.
		Whether sample compositing has been applied.	Planned RC Programme
			No new drilling reported.
			RC drill samples will be taken at one metre lengths and adjusted where necessary to reflect local
			variations in geology or where visible mineralised zones are encountered, in order to preserve
			the samples as representative.
	Orientation of	Whether the orientation of sampling achieves unbiased sampling of	Rock Chip Sampling: Surface rock chip samples do not provide orientation, width information.
	data in relation	possible structures and the extent to which this is known, considering	Associated structural measurements and interpretation by geologist can assist in understanding
	to geological	the deposit type.	geological context.
	structure
			Planned RC Programme
			No new drilling reported.
			The planned drill holes will be drilled at an angle of ‐60 degrees (unless otherwise stated) on an
			azimuth designed to intersect the modelled mineralised zones at a near perpendicular
			orientation. However, the orientation of key structures may be locally variable and any
			relationship to mineralisation has yet to be identified.
		If the relationship between the drilling orientation and the orientation of	No drilling completed to date.
		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.	KRR Samples: Chain of Custody is managed by the Company until samples pass to a duly
	security		certified assay laboratory for subsampling and assaying. The rock chip and RC sample bags are
			stored on secure sites and delivered to the assay laboratory by the Company or a competent
			agent. When in transit, they are kept in locked premises. Transport logs have been set up to

Criteria	JORC Code explanation	Commentary
		track the progress of samples. The chain of custody passes upon delivery of the samples to the
		assay laboratory.
		Library samples collected and slabbed to allow resampling and further analysis where required
		during and after the wet season. Pulps will be stored until final results have been fully
		interpreted.
Audits or	The results of ay audits or reviews of sampling techniques and data.	Sampling techniques and procedures will be regularly reviewed internally, as is data. No drilling
Reviews		has been completed to date.

SECTION 2 : REPORTING OF EXPLORATION RESULTS

	Criteria		JORC Code explanation		Commentary
	Mineral		Type, reference name/number, location and ownership including		The Tennant Creek Project comprises 14 granted exploration licences and two exploration
	tenement and		agreements or material issues with third parties such as joint ventures,		application licences. Details are listed in Table 1. The tenements are 100% owned by Treasure
	land tenure		partnerships, overriding royalties, native title interests, historical sites,		Creek Pty Ltd (a wholly owned subsidiary of King River Resources Limited), located over the
	status		wilderness or national park and environmental settings.
			Tennant Creek-Davenport Inliers, south, east and south east of Tennant Creek in the Northern
			The security of the tenure held at the time of reporting along with any		Territory. The Kurundi Native Title Claim (DCD2011/015) covers the Kurundi Pastoral Lease
				PPL 1109 affecting EL31623, 31624, 31626, 31628, 31629, EL32199 and EL32200. The
			known impediments to obtaining a licence to operate in the area.
					Davenport and Murchison Ranges sites of conservation significance affect portions of EL31626,
					31627, 31628, 31629, EL32199, EL32200, EL32344 and EL32345.
	Exploration		Acknowledgment and appraisal of exploration by other parties.		Tennant Creek mineral field has had a long history of exploration and mining (since 1933).
	done by other				Historical exploration around the main Tenant Creek Gold Field primarily included work by
	parties				Giants Reef, Peko, Posiedon, Roebuck, Normandy (later Newmont) and Tennant Creek Gold.
					Exploration was primarily based on geophysical surveys targeting coincident gravity and ground
					magnetic anomalies, followed by RC or diamond drilling. Lines of RAB or Aircore holes were
					also drilled where specific geophysical models were not present. Currently the bulk of the
					Tennant Creek mineral field is held by Emmerson Resources. Treasure Creeks tenements are
					outside of the main gold field (except ELA31619) extending from Tennant Creek to Hatches
					Creek gold fields. Historic exploration over the applications east of the Stuart highway has been
					sparse and sporadic, with companies including Giants Reef, Normandy, Newmont doing
					minimal, if any, on ground work (on ground work included a few very broad spaced RAB lines).
					In the early to mid-2000's Arafura completed some broad spaced soil samples but relinquished
					the ground without pursuing any anomalies that were discovered. Tenements west of the
					highway cover ground that was involved in exploration around the Rover Gold Field, including
					companies such as Geopeko, Giants Reef, Newmont, Western Desert Resources and Tennant
					Creek Gold. Exploration included magnetic and gravity surveys, geophysical analysis, targeted
					RC and diamond drilling. The tenements in this area cover significant IOCG targets generated
					from this work. EL31617 covers ground held by Tennant Creek Gold/Western Desert Resources
					as part of their Rover Exploration Project which they relinquished in 2014 in favour of their
					developing iron ore projects. Rock chip sample results referred to at Kurundi and Whistle Duck
					were taken were taken by various companies in the 1960's.
	Geology		Deposit type, geological setting and style of mineralisation.		Exploration at Tennant Creek is targeting Iron Oxide-Copper Gold (IOCG) style of mineralisation
					in several settings, lithologies and structural complexities within the Proterozoic Tennant Creek-
					Davenport Inliers.
	Drill hole		A summary of all information material to the understanding of the		No drill results reported on the planned RC drill programme due to commence targeting gold and
	Information		exploration results including a tabulation of the following information for

Criteria	JORC Code explanation	Commentary
	all Material drill holes:	copper mineralisation at its Tennant Creek project areas as presented in Figures 1 to 3.
	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.
	o 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,	No rock chip or drill sampling reported.
aggregation	maximum and/or minimum grade truncations (e.g. cutting of high
methods	grades) and cut
	Where aggregate intercepts incorporate short lengths of high grade	No new results are reported.
	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	No new results are reported.
	should be clearly stated.
Relationship	These relationships are particularly important in the reporting of	No new results are reported.
between	Exploration Results. If the geometry of the mineralisation with respect to
mineralisation	the drill hole angle is known, its nature should be reported. If it is not
widths and	known and only the down hole lengths are reported, there should be a
intercept	clear statement to this effect (e.g. 'down hole length, true width not
lengths	known').
Diagrams	Appropriate maps and sections (with scales) and tabulations of	No new results are reported.
	intercepts should be included for any significant discovery being
	reported These should include, but not be limited to a plan view of drill
	hole collar locations and appropriate sectional views.
Balanced	Where comprehensive reporting of all Exploration Results is not	Reports on recent exploration can be found in ASX Releases that are available on the KRR
reporting	practicable, representative reporting of both low and high grades and/or	website at www.kingrivercopper.com.au.
	widths should be practiced to avoid misleading reporting of Exploration
	Results.
Other	Other exploration data, if meaningful and material, should be reported	Historical data has been referred to in the report.
substantive	including (but not limited to): geological observations; geophysical
exploration	survey results; geochemical survey results; bulk samples - size and
data	method of treatment; metallurgical test results; bulk density,
	groundwater, geotechnical and rock characteristics; potential
	deleterious or contaminating substances.
Further work	The nature and scale of planned further work (e.g. tests for lateral	At Tennant Creek KRR plans to implement a focused, thorough gold exploration process utilising

Criteria	JORC Code explanation	Commentary
	extensions or depth extensions or large	contemporary geophysical and exploration techniques. Drilling is planned to commence in
	Diagrams clearly highlighting the areas of possible extensions, including	August on EL31619 followed by on ground geophysics on EL31619, EL31633 and EL31634 and
	the main geological interpretations and future drilling areas, provided	airborne geophysics on EL31633.
	this information is not commercially sensitive.