WA MT DIMER PROJECT

The Mt Dimer Gold Project comprises a mining lease (M77/515) and exploration license (E77/2383) located circa 100km North-East of Southern Cross (see the map on the right). To recap, the Mt Dimer mining lease was last mined in the mid-1990’s when the gold price was circa A$500 per ounce. The open pit produced ~77,000t @ 3.44g/t Au for circa 8,500 Oz of Au, to 50m depth. (Reference: ASX: TSC: 30 September 2020, Strong gold potential at Mt Dimer)

No significant production or exploration work has been completed since 1996. Historical drilling from the 1990’s and four drill-holes from 2017 indicate that significant gold mineralisation exists under the open pit and along strike. A north-south long section through the Mt Dimer deposit indicates gold mineralisation plunging shallowly south below the current pit level and remaining open at depth.

TSC’s Mt Dimer project sits just over 1 hour North of Great Eastern Highway, to the North West of the famous gold mining town of Southern Cross.

As well as the project’s close proximity to the major highway and power it’s sits within a two hour drive from the major Gold Mining centre of Kalgoorlie.

Mt Dimer’s Mining Lease expires in 2034.

Total Maiden JORC 2012 Inferred Mineral Resource Estimate for the Mt Dimer Gold and Silver Project includes 722kt @ 2.10 g/t Au for 48,545 ounces of gold and 3.84 g/t Ag for 89,011 ounces of Silver

Resource includes the low-grade near surface laterite component, as well as the vein hosted Resource

Resource split into above and below 380mRL (surface approx. 500mRL) using two different cut offs to take into account higher potential mining costs (Figure 7)

Resource remains open to the south and down dip, with strong potential to extend the mineralisation along strike to the south

Maiden Resource solidifies TSC’s position in the highly prospective Southern Cross Goldfields District in WA and provides strong base for future growth

TSC remains confident additional mineralisation may be defined outside of drilling completed to date either on the mining lease or the exploration license to the west

Planning for follow up work programs is underway on the exploration license which equals approximately 87% of the overall land package at Mt Dimer