Final Results from 2024 Drilling Program
Released
Released
Announcement PDF
Final Results from 2024 Drilling Program
18 March 2025
•
The primary focus of the 2024 drilling program was to increase confidence in the Resource Model, extend the
project life at Rockface, Reward Deeps and Marshall and support completion of the Feasibility Study Update.
o
Drilling highlights included strong copper mineralization intersected in the deepest drill holes at Reward
Main Lodes and Rockface, confirming depth extensions in all three established deposits; Reward,
Rockface, and Bellbird, which remain open at depth.
o
The completed 2024 drilling program comprised 75 holes for 23,037 meters across the Jervois Project.
•
Results of the remaining 34 holes included an increased focus on delineating additional, near-surface resources
that might be recoverable by open cut methods, targeting expansion of the planned box cut at Reward East
and an area identified as Bellbird North and site preparation works.
•
Highlights of the remaining drilling results for the 2024 drilling program include:
o
Significant copper intersections recorded at Reward, Reward Deeps, Reward East and Cox’s Find.
o
Near surface mineralization at Reward East and between Bellbird and Bellbird North demonstrates the
potential to support an extension of open cut mining operations
o
High-grade lead-zinc and silver mineralization were intersected at Bellbird North, along the western limb
of the J-Fold.
The discovery hole at the Crowe’s Nest prospect (ASX announcement 18/03/25) which targeted a
geophysical anomaly on the western limb of the J-Fold and confirmed similar mineralization to Reward
(brecciated IOCG), highlighting the potential significance of the Western limb of the J-Fold.
o
KGL Resources (ASX:KGL) is excited to report the balance of drilling results for the 2024 drilling program which
includes strong copper intersections at Reward, Reward Deeps, Reward East, Cox’s Find and Bellbird North,
as well as a discovery hole at the Crowe’s Nest deposit.
During the fourth quarter of 2024, a total of 32 drill holes were completed, targeting shallow mineralization to
identify near-surface resources with the potential for open-pit mining.
These results reinforce the project's growth potential and support ongoing efforts to expand the Jervois
resources further.
Balance of Assay results for 2024 from 34 holes
Following the successful completion of Phase 1 (resource expansion), the exploration program shifted in the
fourth quarter to focus on near-surface resources with open-pit mining potential. As part of this initiative, 32
shallow RC holes were drilled, with assay results presented herein. Additionally, two drill holes at Reward Main
and Reward Deeps, originally part of Phase 1, are included in this report due to a delayed assay return. The last
hole of the year, KJC684, is a discovery hole on the western limb of J-fold, at Crowe’s Nest prospect (Figure 1).
The significance of the Crowe’s Nest discovery is covered in a separate ASX announcement (18/03/25).
Page 1 of 29
Final Results from 2024 Drilling Program
Figure 1. Map of Jervois project showing the location of reported holes.
Page 2 of 29
Final Results from 2024 Drilling Program
Reward Main and Reward Deeps
The remaining drill holes from Phase 1, KJD642D1 at Reward Main Lodes and KJD641D3 at Reward Deeps,
intersected broad zones of strong copper mineralization (Figure 7).
•
KJD642D1: 7.50 m @ 2.24% Cu, 15.40 g/t Ag, 0.17 g/t Au from 376.48 m (Reward Main) including
1.49 m @ 4.91% Cu, 26.67 g/t Ag, 0.28 g/t Au from 377.87 m, and
1.08 m @ 5.40% Cu, 24.48 g/t Ag, 0.38 g/t Au from 381.95 m
•
KJD641D3: 5.00 m @ 2.61% Cu, 18.54 g/t Ag, 0.26 g/t Au from 711.00 m (Deeps North) including
2.63 m @ 4.54 % Cu, 31.16 g/t Ag, 0.46 g/t Au from 713.80 m.
Figure 2. Long projection of Reward deposit showing resource block model 2024, blocks shown coloured by copper grade.
Proposed reward open pit outline 2024. The trace of all holes with assay displayed copper grade (ppm), and the
intersection of the reported drilled holes at Reward main lodes and Reward Deeps north lode.
Page 3 of 29
Final Results from 2024 Drilling Program
Reward East
The drilling and geophysics data confirmed that Reward East, a parallel structure with Reward, is highly
prospective at depth (Figure 3) and along strike.
Figure 3. Cross Section over Crowe’s Nest Reward (7495035mN). Showing the magnetic inversion model 2024, with
structural interpretation form magnetic data (1VD). Reward ore body coloured by copper grad and proposed pit outline.
The purpose of this drilling was to test the lateral extension of Reward East Lodes (along the strike) (Figure 4),
to determine if there is sufficient grade and tonnage near the surface to support an open-pit operation. Drilling
has previously confirmed strong high-grade copper at shallow depths:
•
JOC172: 7.70 m @ 2.01% Cu, 7.70 g/t Ag, 0.06 g/t Au from 17m (8 August 2014).
•
JOC195: 3.60 m @ 1.24% Cu, 27.1 g/t Ag, 0.09g/t Au from 46.00m and
2.10 m @ 1.64% Cu, 12.7 g/t Ag, 0.07 g/t Au from 59.00 m (17 November 2014).
•
JOC196: 1.20 m @ 1.93% Cu, 14.50 g/t Ag, 0.03 g/t Au from 64.00 m (17 November 2014).
Page 4 of 29
Final Results from 2024 Drilling Program
•
KJCD074: 5.00 m @ 0.86% Cu, 9.80 g/t Ag, 0.01 g/t Au from 12.00 m including
2.30 m @ 1.26% Cu, 16.5 g/t Ag, 0.01 g/t Au from 14.00 m and
1.50 m @ 3.03% Cu, 37.40 g/t Ag, 0.22 g/t Au from 90.00 m. (29 May 2014).
•
KJD270:
3.81m @ 3.82 % Cu, 31.60 g/t Ag, 0.06 g/t Au from 8.23 m (17 July 2018)
The results of holes KJD644, KJD645, and KJD647 confirmed the northern extension of mineralization indicating
that the open-pit potential at Reward East remains viable.
Hole KJD644 intersected moderate copper mineralization in the Reward East footwall, including a strong copper
interval over a short section.
•
KJD644:
2.63 m @ 1.15% Cu, 5.88 g/t Ag, 0.03 g/t Au from 50.00 m (Reward East footwall) including
0.49 m @ 5.68% Cu, 28.00 g/t Ag, 0.13 g/t Au from 51.60 m.
Holes KJD645, KJD647, and KJD651 intersected weaker copper mineralization in the Reward East hanging
wall lodes.
• KJD645:
1.29 m @ 0.71% Cu, 1.78 g/t Ag, 0.02 g/t Au from 48.50 m and
4.49 m @ 0.58% Cu, 8.60 g/t Ag, 0.02 g/t Au from 58.40 m.
•
KJD647:
4.66 m @ 0.44% Cu, 1.07 g/t Ag, 0.00 g/t Au from 33.80 m.
Holes KJD651 and KJD655 drilled at the southern margin returned weaker results. Hole KJD655 returned no
reportable assays (below the cutoff grade 0.4% copper).
•
KJD651:
0.77 m @ 0.80% Cu, 3.10 g/t Ag, 0.01 g/t Au from 150.90 m.
Page 5 of 29
Final Results from 2024 Drilling Program
Figure 4. Long projection (630520mE) of Reward East resource block model 2024, coloured by copper grade. Reported
holes trace shown the copper assay. All other hole traces are grey colour.
Page 6 of 29
Final Results from 2024 Drilling Program
Bellbird
The Bellbird deposit, located on the western limb of the J-Fold, contains multiple ore bodies. Significant
resources exist within the Bellbird Main North Lodes and Bellbird North, though these are not currently included
in the existing reserve.
The objective of the RC drilling program at shallow depths was to extend the known resources along strike to
the north and establish continuity between the Bellbird Main Lodes and Bellbird North, potentially supporting an
open pit (7 holes) (Figure 5 and Figure 6). Two holes to test the gap between Main and Main North lodes (Figure
5 and Figure 7). Additionally, six drill holes have been completed immediately south of the current pit to assess
grade and thickness for potential pit expansion. (Figure 5 and Figure 8).
Figure 5. Long projection of Bellbird deposit, showing resource block model coloured by copper grade (Bellbird east lodes
filtered). Intersection of reported drill holes (copper grade in ppm), proposed bellbird pit 2024, box cut and underground
developments.
Four of the seven drill holes (KJC668, KJC669, KJC670 and KJC671) at Bellbird North targeted the gap between
Bellbird Main North and Bellbird North (see Figure 5), intersecting strong copper mineralization with sufficient
thickness to potentially support extension of open-cut operations and to increase shallower underground
extraction and mine life.
The remaining three holes were designed to extend Bellbird North at depth (KJC667) and further north (KJC665
and KJC666). All three holes intersected moderate copper mineralization and also returned high-grade leadzinc and silver mineralization (Figure 5).
Page 7 of 29
Final Results from 2024 Drilling Program
The best copper, silver, lead, and zinc intersections are as follows:
•
KJC668: 1.92 m @ 1.29% Cu, 20.13 g/t Ag, 2.27 g/t Au from 122.00 m (Bellbird North) including;
0.64 m @ 1.51% Cu, 16.60 g/t Ag, 0.96 g/t Au from 122.00 m
0.64 m @ 1.73% Cu, 28.90 g/t Ag, 0.46 g/t Au from 124.00 m
•
KJC669: 0.65 m @ 0.47% Cu, 2.80 g/t Ag, 0.00 g/t Au from 124.00 m (Bellbird Main North) and
2.21 m @ 1.70% Cu, 6.00 g/t Ag, 0.36 g/t Au from 180.00 m including;
1.48 m @ 2.09% Cu, 7.10 g/t Ag, 0.44 g/t Au from 180.00 m.
•
KJC670: 3.35 m @ 0.45% Cu, 3.94 g/t Ag, 0.00 g/t Au from 58.00 m (Bellbird Main North) and
6.02 m @ 1.43% Cu, 25.72 g/t Ag, 0.00 g/t Au from 65.00 m, including
1.34 m @ 2.87% Cu, 82.30 g/t Ag, 0.00 g/t Au from 66.00 m and
2.01 m @ 1.47% Cu, 11.47 g/t Ag, 0.00 g/t Au from 68.00 m
3.65 m @ 0.52% Cu, 5.74 g/t Ag, 0.16 g/t Au from 126.00 m
•
KJC671: 0.66 m @ 0.40% Cu, 2.70 g/t Ag, 0.00 g/t Au from 237.00 m (Bellbird Main North) and
1.46 m @ 1.63% Cu, 15.70 g/t Ag, 0.31 g/t Au from 291.00 m, and
0.73 m @ 0.35% Cu, 36.50 g/t Ag, 0.10 g/t Au, 0.86% Pb, 4.61% Zn from 294.00 m.
•
KJC665: 1.71 m @ 0.81% Cu, 14.87 g/t Ag, 0.02 g/t Au, 2.56% Pb, 4.07% Zn from 82.00 m (Bellbird
North) including;
1.14 m @ 0.96% Cu, 20.90 g/t Ag, 0.03 g/t Au, 3.76% Pb, 5.58% Zn from 82.00 m.
•
KJC666: 2.76 m @ 0.61% Cu, 82.12 g/t Ag, 0.04 g/t Au, 6.34% Pb, 6.87% Zn from 134.00 m (Bellbird
North) including;
1.10 m @ 0.09% Cu, 75.65 g/t Ag, 0.03 g/t Au, 5.31% Pb, 5.42% Zn from 135.00 m
1.10 m @ 1.10% Cu, 124.95 g/t Ag, 0.07 g/t Au, 10.03% Pb, 8.52% Zn from 137.00 m.
•
KJC667: 0.71 m @ 1.24% Cu, 3.60 g/t Ag, 0.06 g/t Au from 254.00 m (Bellbird North) and
1.41 m @ 0.64% Cu, 5.70 g/t Ag, 0.96 g/t Au from 279.00 m including;
0.71 m @ 0.80% Cu, 8.60 g/t Ag, 1.43 g/t Au from 279.00 m.
Page 8 of 29
Final Results from 2024 Drilling Program
Figure 6. Long projection of Bellbird Main North and Bellbird North resource block model coloured by copper grade.
Reported holes intersections. All other hole traces are grey. Proposed box cut and underground development.
The two hole KJC672 and KJC673 targeted at the gap between proposed open pit and box cut (see Figure
7) return moderate copper grade, the best intersections are;
•
KJC672: 2.11 m @ 0.49% Cu, 2.03 g/t Ag, 0.00 g/t Au from 28.00 m (Bellbird Main North) and
1.59 m @ 2.06% Cu, 7.05 g/t Ag, 0.05 g/t Au from 120.00 m.
•
KJC673: 0.67 m @ 0.52% Cu, 1.70 g/t Ag, 0.01 g/t Au from 70.00 m (Bellbird Main North)
Page 9 of 29
Final Results from 2024 Drilling Program
Figure 7. Long projection of Bellbird Main coloured by copper grades. Showing drill hole KJC672 and KJC673, targeted in
the gap between proposed pit and box cut. All other hole traces are grey coloured. The proposed underground
development.
Assay results from six drill holes at the southern edge of the current pit (see Figure 8), indicate mineralization
strong enough to support an incremental pit expansion further south.
•
KJC674: 2.77 m @ 0.83% Cu, 2.65 g/t Ag, 0.04 g/t Au from 92.00 m (Bellbird Main) and
1.44 m @ 0.48% Cu, 0.85 g/t Ag, 0.02 g/t Au from 137.00 m.
•
KJC675: 1.92 m @ 0.81% Cu, 1.53 g/t Ag, 0.04 g/t Au from 87.00 m (Bellbird Main) and
0.64 m @ 0.49% Cu, 0.00 g/t Ag, 0.02 g/t Au from 100.00 m.
•
KJC676: 0.61 m @ 0.51% Cu, 1.70 g/t Ag, 0.00 g/t Au from 29.00 m (Bellbird Main) and
1.52 m @ 0.59% Cu, 3.00 g/t Ag, 0.03 g/t Au from 123.00 m.
Page 10 of 29
Final Results from 2024 Drilling Program
•
KJC677: 0.82 m @ 0.43% Cu, 4.10 g/t Ag, 0.01 g/t Au from 74.00 m (Bellbird Main) and
1.67 m @ 0.56% Cu, 3.15 g/t Ag, 0.01 g/t Au from 98.00 m.
•
KJC678: 0.67 m @ 0.84% Cu, 0.00 g/t Ag, 0.03 g/t Au from 117.00 m (Bellbird Main) and
1.41 m @ 0.42% Cu, 1.10 g/t Ag, 0.01 g/t Au from 151.00 m and
0.75 m @ 1.34% Cu, 2.40 g/t Ag, 0.02 g/t Au from 192.00 m.
•
KJC679: 0.56 m @ 0.53% Cu, 7.10 g/t Ag, 0.03 g/t Au from 86.00 m (Bellbird Main) and
2.91 m @ 0.47% Cu, 4.13 g/t Ag, 0.01 g/t Au from 216.00 m and
0.76 m @ 2.39% Cu, 6.60 g/t Ag, 0.02 g/t Au from 254.00 m.
Figure 8. Long projection of Bellbird Main resource block model coloured by copper grade. Showing reported holes
intersection at the southern extension of proposed pit for potential extension. All other hole traces are grey coloured.
Proposed pit and underground development.
Page 11 of 29
Final Results from 2024 Drilling Program
Cox’s Find
Legacy drill holes at the Cox’s Find prospect have indicated elevated copper grades, with intersections defining
three distinct mineralized trends (North, Central, and South) that align with surface malachite outcrops. The
northern trend, which has the most extensive data, suggests a steep northward plunge.
A MIMDAS IP survey conducted in 2021 identified some anomalies in the area, though they were not particularly
strong (Figure 9).
A recent drilling program, comprising 10 holes (Figure 9), was designed to infill and assess the potential for an
open-pit operation at Cox’s Find. While significant copper mineralization was intersected, structural analysis
suggests that the upper 50 meters of the deposit exhibit reduced thickness and grade.
The copper grades and mineralization thickness increase with depth, indicating that Cox’s Find remains a viable
target for future exploration and possibly underground mining.
Figure 9. Long projection of Cox’s Find prospect, showing the intersection of reported holes (10 holes), coloured by copper
grade (cutoff at 0.4%). MIMDAS IP chargeability 2021. Down hole electromagnetic (DEHM) conductors. All legacy hole
traces are in grey colour.
Two holes (KJD652, KJC680) in the central and two holes (KJD643, and KJD646) at the north of deposit
intersected strong copper mineralization in the brecciated magnetite-quartz vine, with significant thickness
(Figures 10, Figure 11 and Figure 12). Similarly hole KJD649 in between the two high grade trend returned
strong copper mineralisation in a thin but massive brecciated sulphide/magnetite vein, that is aligned with DHEM
conductor (Figure 10 and Figure 11).
Page 12 of 29
Final Results from 2024 Drilling Program
•
KJC680: 3.35 m @ 2.39% Cu, 8.23 g/t Ag, 0.14 g/t Au from 162.00 m including
0.84 m @ 0.44% Cu, 5.60 g/t Ag, 0.02 g/t Au from 174.00 m
•
KJD652: 5.33 m @ 0.97% Cu, 1.20 g/t Ag, 0.01 g/t Au from 164.90 m including
0.79 m @ 1.31% Cu, 0.90 g/t Ag, 0.02 g/t Au from 164.90 m and
0.72 m @ 1.38% Cu, 3.40 g/t Ag, 0.01 g/t Au from 168.90 40 m.
4.90 m @ 1.10% Cu, 5.85 g/t Ag, 0.02 g/t Au from 182.40 m including
0.43 m @ 2.32% Cu, 29.40 g/t Ag, 0.08 g/t Au from 182.40 m,
0.72 m @ 1.01% Cu, 1.60 g/t Ag, 0.01 g/t Au from 185.00 m,
0.43 m @ 3.34% Cu, 6.20 g/t Ag, 0.05 g/t Au from 186.60 m, and
0.43 m @ 2.56% Cu, 10.30 g/t Ag, 0.05 g/t Au from 188.60 m.
•
KJD643: 9.53 m @ 1.41% Cu, 5.06 g/t Ag, 0.05 g/t Au from 122.40 m including
4.18 m @ 2.60% Cu, 9.27 g/t Ag, 0.10 g/t Au from 127.60 m, and
1.24 m @ 5.79% Cu, 16.58 g/t Ag, 0.23 g/t Au from 129.30 m.
•
KJD646: 6.95 m @ 1.65% Cu, 6.51 g/t Ag, 0.03 g/t Au from 211.20 m including
2.38 m @ 3.06% Cu, 14.81 g/t Ag, 0.03 g/t Au from 212.10 m and
1.48 m @ 1.92% Cu, 3.60 g/t Ag, 0.03 g/t Au from 217.90 m.
•
KJD649: 0.7 m @ 1.05% Cu, 2.80 g/t Ag, 0.01 g/t Au from 127.00 m
0.98 m @ 0.59% Cu, 3.40 g/t Ag, 0.01 g/t Au from 135.60 m
0.58 m @ 0.98% Cu, 0.80 g/t Ag, 0.01 g/t Au from 225.70 m
0.86 m @ 5.29% Cu, 14.05 g/t Ag, 0.06 g/t Au from 236.00 m including
0.43 m @ 6.13% Cu, 17.00 g/t Ag, 0.09 g/t Au from 236.00 m.
Page 13 of 29
Final Results from 2024 Drilling Program
Figure 10. Cross section over northern zone of Cox’s Find deposit (7491350mN slice thickness is 84m) showing holes
KJD643, KJD646 and KJD649 intersection, MIMDAS IP chargeability 2021. All other hole traces are grey in colour. DHEM
conductor modelled from previously drill hole KJC461.
Page 14 of 29
Final Results from 2024 Drilling Program
Figure 11. Cross section through the central Cox’s Find deposit (7491239mN) showing holes KJD652 and KJC680
intersections. KJD656 trace with no reportable copper grade. MIMDAS IP chargeability 2021. Older hole traces are in grey.
Three holes (KJD654, KJC682, KJC683) at the southern zone, and a shallow hole at the northern upper zone
(KJC681) returned moderate copper grades and thicknesses (Figure 9 and Figure 12). A single hole (KJD656)
in the upper central section yielded a copper grade below the cut off and therefore not reportable.
•
KJD654:
0.70 m @ 0.51% Cu, 1.30 g/t Ag, 0.00 g/t Au from 134.00 m,
0.73 m @ 0.56% Cu, 0.70 g/t Ag, 0.01 g/t Au from 199.50 m, and
9.63 m @ 0.74% Cu, 3.53 g/t Ag, 0.03 g/t Au from 208.00 m including
0.51 m @ 1.86% Cu, 8.40 g/t Ag, 0.13 g/t Au from 208.00 m and
1.90 m @ 1.70% Cu, 7.46 g/t Ag, 0.05 g/t Au from 216.40 m.
•
KJC682:
0.84 m @ 0.54% Cu, 2.70 g/t Ag, 0.02 g/t Au from 114.00 m and
1.68 m @ 0.54% Cu, 1.75 g/t Ag, 0.01 g/t Au from 118.00 m.
Page 15 of 29
Final Results from 2024 Drilling Program
•
KJC683:
0.91 m @ 0.41% Cu, 2.00 g/t Ag, 0.03 g/t Au from 206.00 m and
0.91 m @ 0.50% Cu, 2.70 g/t Ag, 0.00 g/t Au from 222.00 m.
•
KJC681:
1.61 m @ 0.90% Cu, 0.90 g/t Ag, 0.02 g/t Au from 45.00 m.
•
KJD656: Not reportable.
Figure 12. Cross section at the southern Cox’s Find deposit (7491103.7mN slice thickness is 100m) showing holes KJC682
and KJC683 intersections (the holes are 56m apart). MIMDAS IP chargeability. Othe hole traces are grey.
Page 16 of 29
Final Results from 2024 Drilling Program
Georges Hill
The Georges Hill Prospect features surface malachite outcrops within calc-silicate units, indicating potential
copper mineralization. The 2024 gravity inversion model highlights a gravity anomaly in this area, while the 2021
MIMDAS IP survey identified a corresponding IP chargeability anomaly, further supporting its prospectivity at
depth (Figure 13).
Two drill holes were completed to assess the site’s availability for preparation works and to confirm the absence
of significant mineralization at shallow depths. The drill holes at Georges Hill intersected moderate copper
mineralization in thin zones, indicating that the area lacks the grade and thickness necessary to support an open
pit. However, the geophysical anomalies at depth remain highly prospective.
Figure 13. Georges Hill cross section (7495996mN), showing MIMDAS 2021 IP_chageability anomaly, Gravity inversion
2024. Reported holes intersection, legacy hole trace in grey colour.
This announcement has been approved by the board of KGL Resources Limited.
Page 17 of 29
Final Results from 2024 Drilling Program
Table 1. Reported holes intersections.
Hole_ID
KJD642D1
KJD641D3
KJD643
KJD644
KJD645
KJD647
KJD648
KJD646
KJD650
KJD649
KJD651
KJD652
KJD654
KJD655
KJD656
KJC665
Depth_From Depth_To
m
m
376.48
377.87
381.95
711.00
713.80
122.40
127.60
129.30
50.00
51.60
48.50
58.40
33.80
72.00
74.00
211.20
212.10
217.90
40.40
127.00
135.60
225.70
236.00
236.00
150.90
164.90
164.90
168.40
182.40
182.40
185.00
186.60
188.60
134.00
199.50
208.00
208.00
216.40
387.20
380.00
383.50
716.90
716.90
137.00
134.00
131.20
53.20
52.20
50.20
64.30
39.60
75.40
74.70
222.00
215.80
220.20
41.40
128.00
137.00
226.50
237.20
236.60
151.80
172.30
166.00
169.40
189.20
183.00
186.00
187.20
189.20
135.00
200.50
221.20
208.70
219.00
82.00
85.00
Estimated
True
Cu
Ag
Thickness
%
g/t
m
10.72
7.50
2.24 15.40
2.13
1.49
4.91 26.67
1.55
1.08
5.40 24.48
5.90
5.00
2.61 18.54
3.10
2.63
4.54 31.16
14.60
9.53
1.41 5.06
6.40
4.18
2.60 9.27
1.90
1.24
5.79 16.58
3.20
2.63
1.15 5.88
0.60
0.49
5.68 28.00
1.70
1.29
0.71 1.78
5.90
4.49
0.58 8.60
5.80
4.66
0.44 1.07
3.40
2.05
0.44 8.94
0.70
0.42
1.02 20.90
10.80
6.95
1.65 6.51
3.70
2.38
3.06 14.81
2.30
1.48
1.92 3.60
1.00
0.64
0.43 13.90
1.00
0.70
1.05 2.80
1.40
0.98
0.59 3.40
0.80
0.58
0.98 0.80
1.20
0.86
5.29 14.05
0.60
0.43
6.13 17.00
0.90
0.77
0.80 3.10
7.40
5.33
0.97 1.20
1.10
0.79
1.31 0.90
1.00
0.72
1.38 3.40
6.80
4.90
1.10 5.85
0.60
0.43
2.32 29.40
1.00
0.72
1.01 1.60
0.60
0.43
3.34 6.20
0.60
0.43
2.56 10.30
1.00
0.70
0.51 1.30
1.00
0.73
0.56 0.70
13.20
9.63
0.74 3.53
0.70
0.51
1.86 8.40
2.60
1.90
1.70 7.46
Not Reportable < 0.4% Copper
Not Reportable < 0.4% Copper
3.00
1.71
0.81 14.87
Downhole
Thickness
m
Au
g/t
Pb
%
Zn
%
0.17
0.28
0.38
0.26
0.46
0.05
0.10
0.23
0.03
0.13
0.02
0.02
0.00
0.06
0.14
0.03
0.03
0.03
0.06
0.01
0.01
0.01
0.06
0.09
0.01
0.01
0.02
0.01
0.02
0.08
0.01
0.05
0.05
0.00
0.01
0.03
0.13
0.05
0.14
0.19
0.12
0.28
0.49
0.01
0.02
0.04
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.01
0.01
0.05
0.00
0.01
0.02
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.00
0.01
0.01
0.65
0.92
0.35
1.31
2.36
0.01
0.01
0.02
0.04
0.12
0.03
0.13
0.06
0.10
0.08
0.01
0.01
0.01
0.06
0.02
0.20
0.02
0.01
0.02
0.02
0.02
0.02
0.02
0.01
0.02
0.01
0.01
0.01
0.02
0.00
0.01
0.01
0.02
0.02
2.56
4.07
Lode
Reward Main
incl
& incl
Deeps N
incl
Cox's Find
incl
& incl
Reward East
incl
Reward East
Reward East FW
Reward East
George's Hill
incl
Cox's Find
incl
& incl
George's Hill
Cox's Find
Cox's Find
Cox's Find
Cox's Find
incl
Reward East
Cox's Find
incl
& incl
Cox's Find
incl
incl
incl
& incl
Cox's Find
Cox's Find
Cox's Find
incl
& incl
Reward East
Cox's Find
Bellbird North
Page 18 of 29
Final Results from 2024 Drilling Program
KJC666
KJC667
KJC668
KJC669
KJC670
KJC671
KJC672
KJC673
KJC674
KJC675
KJC676
KJC677
82.00
84.00
2.00
1.14
0.96
20.90
0.03
3.76
5.58
134.00
135.00
137.00
254.00
279.00
279.00
122.00
122.00
124.00
124.00
180.00
180.00
58.00
65.00
66.00
68.00
126.00
237.00
291.00
294.00
28.00
120.00
70.00
86.00
92.00
98.00
102.00
106.00
126.00
129.00
137.00
87.00
100.00
29.00
69.00
86.00
123.00
134.00
74.00
91.00
98.00
136.00
139.00
137.00
139.00
255.00
281.00
280.00
125.00
123.00
125.00
125.00
183.00
182.00
63.00
74.00
68.00
71.00
131.00
238.00
293.00
295.00
31.00
122.00
71.00
87.00
96.00
99.00
103.00
107.00
127.00
130.00
139.00
90.00
101.00
30.00
70.00
87.00
125.00
135.00
75.00
92.00
100.00
137.00
5.00
2.00
2.00
1.00
2.00
1.00
3.00
1.00
1.00
1.00
3.00
2.00
5.00
9.00
2.00
3.00
5.00
1.00
2.00
1.00
3.00
2.00
1.00
1.00
4.00
1.00
1.00
1.00
1.00
1.00
2.00
3.00
1.00
1.00
1.00
1.00
2.00
1.00
1.00
1.00
2.00
1.00
2.76
1.10
1.10
0.71
1.41
0.71
1.92
0.64
0.64
0.65
2.21
1.48
3.35
6.02
1.34
2.01
3.65
0.66
1.46
0.73
2.11
1.59
0.67
0.69
2.77
0.69
0.69
0.69
0.72
0.72
1.44
1.92
0.64
0.61
0.69
0.69
1.52
0.76
0.82
0.84
1.67
0.87
0.61 82.12 0.04 6.34 6.87
0.09 75.65 0.03 5.31 5.42
1.10 124.95 0.07 10.03 8.52
1.24 3.60 0.06 0.01 0.11
0.64 5.70 0.96 0.03 0.22
0.80 8.60 1.43 0.05 0.04
1.29 20.13 2.27 0.03 0.04
1.51 16.60 0.96 0.03 0.05
1.73 28.90 0.46 0.01 0.05
0.47 2.80 0.00 0.06 0.28
1.70 6.00 0.36 0.01 0.05
2.09 7.10 0.44 0.02 0.05
0.45 3.94 0.00 0.01 0.03
1.43 25.72 0.00 0.03 0.09
2.87 82.30 0.00 0.02 0.04
1.47 11.47 0.00 0.05 0.21
0.52 5.74 0.16 0.01 0.07
0.40 2.70 0.00 0.04 0.14
1.63 15.70 0.31 0.03 0.12
0.35 36.50 0.10 0.86 4.61
0.49 2.03 0.00 0.03 0.01
2.06 7.05 0.05 0.01 0.05
0.52 1.70 0.01 0.00 0.06
0.00 2.30 1.05 0.00 0.02
0.83 2.65 0.04 0.01 0.02
0.53 3.50 0.00 0.01 0.02
0.50 2.40 0.05 0.01 0.02
0.99 5.40 0.06 0.01 0.02
1.02 3.60 0.01 0.00 0.02
0.51 9.70 0.03 0.00 0.02
0.48 0.85 0.02 0.01 0.03
0.81 1.53 0.04 0.00 0.03
0.49 0.00 0.02 0.00 0.02
0.51 1.70 0.00 0.01 0.02
0.55 1.20 0.03 0.00 0.02
0.41 1.50 0.02 0.00 0.02
0.59 3.00 0.03 0.00 0.02
0.72 5.50 0.02 0.02 0.03
0.43 4.10 0.01 0.00 0.02
0.55 0.90 0.02 0.00 0.02
0.56 3.15 0.01 0.01 0.02
0.47 3.90 0.01 0.01 0.02
incl
Bellbird North
incl
& incl
Bellbird North
Bellbird North
incl
Bellbird North
incl
& incl
Bellbird Main North
Bellbird Main North
incl
Bellbird Main North
Bellbird Main North
Incl &
incl
Bellbird Main North
Bellbird Main North
Bellbird Main North
Bellbird Main North
Bellbird Main North
Bellbird Main North
Bellbird Main North
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Page 19 of 29
Final Results from 2024 Drilling Program
Page 20 of 29
Final Results from 2024 Drilling Program
KJC678
KJC679
KJC680
KJC681
KJC682
KJC683
117.00
136.00
151.00
158.00
173.00
192.00
208.00
86.00
216.00
254.00
162.00
174.00
45.00
114.00
118.00
206.00
222.00
118.00
137.00
153.00
159.00
174.00
193.00
209.00
87.00
220.00
255.00
166.00
175.00
47.00
115.00
120.00
207.00
223.00
1.00
1.00
2.00
1.00
1.00
1.00
1.00
1.00
4.00
1.00
4.00
1.00
2.00
1.00
2.00
1.00
1.00
Easting
Northing
Elevation
0.67
0.70
1.41
0.71
0.71
0.75
0.75
0.56
2.91
0.76
3.35
0.84
1.61
0.84
1.68
0.91
0.91
0.84
0.47
0.42
0.58
0.91
1.34
0.51
0.53
0.47
2.39
2.39
0.44
0.90
0.54
0.54
0.41
0.50
Collar
Hole ID
dip
0.00
0.50
1.10
1.00
8.70
2.40
5.90
7.10
4.13
6.60
8.23
5.60
0.90
2.70
1.75
2.00
2.70
azimuth
Final
Depth
(grid)
(m)
KJD641D3 629992.62 7495460.78
349.65
-65.89
89.54
823.00
KJD642D1 630113.20 7494995.52
347.67
-61.87
87.00
537.20
629314.82 7491372.10
355.49
-67.04
95.51
180.20
630545.39 7495698.12
365.31
-49.99
89.83
94.10
630489.43 7495694.98
361.18
-55.19
90.71
155.10
629278.00 7491388.15
353.09
-72.59
93.84
252.15
630522.02 7495746.60
362.48
-50.11
91.11
130.60
630331.04 7495979.98
356.26
-55.02
90.01
152.20
629197.32 7491327.10
352.12
-66.27
96.36
293.70
630359.31 7496010.01
356.98
-50.19
90.38
100.00
630431.89 7495334.96
353.62
-50.20
92.26
190.00
629198.89 7491240.11
353.67
-65.13
106.36
231.70
KJD643
KJD644
KJD645
KJD646
KJD647
KJD648
KJD649
KJD650
KJD651
KJD652
0.03
0.01
0.01
0.10
0.06
0.02
0.02
0.03
0.01
0.02
0.14
0.02
0.02
0.02
0.01
0.03
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.02
0.01
0.00
0.01
0.02
0.00
0.01
0.00
0.00
0.00
0.00
0.01
0.03
0.02
0.02
0.03
0.02
0.03
0.02
0.02
0.02
0.01
0.02
0.02
0.02
0.02
0.01
0.01
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Bellbird Main
Cox's Find
Cox's Find
Cox's Find
Cox's Find
Cox's Find
Cox's Find
Cox's Find
Comment
Wedged off in the parent hole at
179.7m
Finished with NQ
Wedged off in the parent hole at
118.5m
Finished with NQ
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Page 21 of 29
Final Results from 2024 Drilling Program
KJD654
KJD655
KJD656
KJC665
KJC666
KJC667
KJC668
KJC669
KJC670
KJC671
KJC672
KJC673
KJC674
KJC675
KJC676
KJC677
KJC678
KJC679
KJC680
KJC681
KJC682
KJC683
629132.03 7491207.92
354.11
-68.14
104.94
262.50
630402.56 7495282.85
353.89
-49.92
93.12
206.40
629257.51 7491237.82
356.15
-58.40
102.16
142.00
627262.38
627283.83
627392.69
627288.11
627334.84
627293.56
627401.91
627309.48
627262.32
627387.37
627398.04
627410.26
627437.60
627442.11
627489.10
629216.66
629409.37
629096.36
629111.70
357.69
357.14
354.62
356.05
355.12
355.92
354.34
358.00
358.16
366.84
368.69
369.55
370.27
369.45
371.94
353.41
356.04
357.07
355.48
-70.07
-71.61
-72.28
-70.05
-67.96
-64.88
-74.84
-60.02
-64.46
-64.85
-67.02
-64.76
-55.19
-66.94
-69.82
-63.97
-60.04
-60.07
-60.00
270.43
258.84
260.49
269.24
270.52
265.16
259.80
260.31
264.89
264.44
270.57
265.58
262.14
270.49
266.59
103.76
110.31
106.45
106.43
150.00
190.00
320.00
170.00
210.00
170.00
340.00
154.00
120.00
170.00
170.00
175.00
210.00
235.00
300.00
210.00
90.00
208.00
255.00
7491851.08
7491811.45
7491649.52
7491505.83
7491454.16
7491409.71
7491427.26
7491120.35
7491053.37
7490523.95
7490481.23
7490455.51
7490414.24
7490493.31
7490455.36
7491268.01
7491428.12
7491102.65
7491157.36
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Collared with HQ_ finished with
NQ
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Reverse Circulation (RC)
Page 22 of 29
Final Results from 2024 Drilling Program
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by Atiqullah Amiri, a
Competent Person who is a Member of The Australian Institute of Geoscientists (MAIG# 9200). Atiqullah Amiri is a
fulltime employee of KGL Resources. He has over 5 years of experience relevant to the style of mineralisation and type
of deposit under consideration, and to the activity 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’. Mr
Amiri consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
The following drill holes were originally reported under the JORC code 2012 on the date indicated in the table. The
Company confirms it is not aware of any new information or data that materially affects the information included in the
original market announcement and that all material assumptions and technical parameters under
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