Mineral resources

The Copi North and Sunshine, Sunshine extension, Copi South, Springwood and Magic deposits have delineated Mineral Resources and are reported by classification in the Table below. These have been categorised in accordance with the JORC Code and are reported above a cut-off grade of 2% total heavy minerals. In addition, the Mineral Resources for Magic and Springwood are reported below a slimes cut-off grade of content of 35%. The THM is reported as a percentage of the total material and the mineral assemblage components (zircon, rutile, leucoxene and ilmenite) are reported as a percentage of the THM.

Industry_Relentless-Resourceswebsite table

Notes: Copi Project Mineral Resources reported above a cut-off grade of 1.8% HM, Magic and Springwood Mineral Resources reported above a cut-off grade of 2.0% HM and below a slimes cut-off grade of 35%. • (1) + (2) Mrs Christine Standing of OPTIRO is the Competent Person and has accepted responsibility for the Mineral Resources estimation. • (3) Mr Greg Jones of GNJ Consulting is the Competent Person and has accepted responsibility for the Mineral Resources estimation. • Inconsistencies in totals are due to rounding

Ore reserves

No Ore Reserves, as defined by the JORC Code, have been declared at any of the HMS Projects or on any tenement held by Relentless Resources.