Westminster Project

110,330 t

Historical resource (JORC 2004)

25.6 g/t Au

Historical grade

91,750 oz

Historical Resource (JORC 2004)

Four Targets

OB1, ST2, ST3, & ST4

Truscott is currently updating its Mineral Resource Estimate (MRE) under JORC (2012).

THE NEXT TENNANT CREEK MINE

■The 100% Truscott owned Westminster Project sits within the Tennant Creek Mineral Field (TCMF), on the edge of Tennant Creek Township.
■The distinctive Tennant Creek-style mineralisation: providing credits of gold, copper, bismuth, and iron.
■Orebody 1: Historical Mineral Resource Estimate (MRE) of 110,330 t @ 25.6 g/t Au for 91,750 oz (JORC 2004).
■JORC 2012 compliant MRE update is in progress.
■Potential low-cost, near-term gold production in the Northern Territory, a Tier 1 mining jurisdiction.
■Long-term exploration potential.

Tennant Creek Mineral Field Central — Westminster project location, structural corridors and aeromagnetic intensity

Truscott's study area with the central area of the Tennant Creek Mineral Field (TCMF) with structural geological interpretation and total magnetic intensity (TMI) aeromagnetic image (Geoscience Australia, 2019) — warm colours represent a stronger magnetic signature. The inset map shows the Westminster Project's proximity to Tennant Creek.

STRUCTURALLY CONTROLLED MINERALISATION

■The 100% Truscott owned Westminster Project sits within the Tennant Creek Mineral Field (TCMF).
■Westminster's placement is part of a distribution pattern, including notable historical mines.
■Truscott's research indicates mineralisation/orebodies across the TCMF are structurally controlled.
■Structural linkages represent part of the structural framework.
■The spatial pattern observed within the geophysical image further describes the controls over mineral deposit distribution.

$Tennant Creek Mineral Field Central — structural fractal interpretation with Westminster and historical mines over TMI aeromagnetic image$

RESOURCE EXTENSION POTENTIAL

■Westminster has recorded 137 significant gold intercepts. Orebody 1's JORC 2004 (historical) MRE was calculated using only 73 of the 137 intercepts.
■Mineralisation is concentrated within a dilational zone extending over 400 m within a structural corridor.
■Mineralisation remains open at depth and in multiple directions (Orebody Exploration Target One).
■Structurally-focused geological modelling suggests the potential for multiple dilational zones across a central structural corridor, defining three structural targets.
■Further exploration potential: gold mineralisation extensions and resource growth across Westminster.

Westminster Structural Targeting map showing Orebody 1 and structural targets ST2, ST3, ST4 within the central structural corridor