Tribune Resources : EKJV Exploration Report December 2021 Quarter

ASX ANNOUNCEMENT

24 January 2022

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ASX:TBR

Board of Directors

Mr Otakar Demis

Chairman & Joint Company

Secretary

Mr Anton Billis

MranagingGordonDirSklenkactor

Non-Executive Director

Mr Stephen Buckley

Company Secretary

EKJV Exploration Report

December 2021 Quarter

Tribune Resources Ltd (ASX c de: TBR) has pleasure in providing the
Quarterly EKJV Exploration Report.
The EKJV is located 25km west north west of Kalgoorlie and 47km north
east of Coolgardie. The EKJV is between Rand (12.25%), Tribune Resources
Ltd (36.75%) and Evolution Mining Limited (51%).
This report has been released with the approval of the Board of Tribune
Resources Limited.	-ENDS-

For further information, please contact:

Stephen Buckley

Joint Company Secretary

E: [e-mail]

Ph: + 61 8 9474 2113

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Ph: + 61 411 251 540

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EAST KUNDANA JOINT VENTURE

2022 Quarter 2

EKJV Exploration Report

December, 2021

For distribution to JV Partners:

• Evolution Mining Limited
• Tribune Resources Limited
• Rand Mining Limited

For personal use only

CONTENTS
1	EXECUTIVE SUMMARY..................................................................................................................	3
2	EXPLORATION ACTIVITY ..............................................................................................................	3
2.1	Rubicon-Hornet-Pegasus (RT/DT) ..............................................................................................	3
3	EXPLORATION RESULTS ................................................................................................................	5
3.1	Rubicon ........................................................................................................................................	5
3.2	Hornet ...........................................................................................................................................	5
3.3	Pegasus ........................................................................................................................................	6
3.4	Pode .............................................................................................................................................	7
3.5	Hera ..............................................................................................................................................	8
3.6	Nugget .........................................................................................................................................	9
3.7	Startrek........................................................................................................................................	11
6	Future Work ................................................................................................................................	13
6.1	In-mine Exploration ...................................................................................................................	13
7	APPENDIX 1 ................................................................................................................................	14
TABLES AND FIGURES
	Table 1: EKJV exploration activity for FY22 Q2. Drilled metres includes incomplete drillholes. ...	3
	Table 2: Drilling physicals for the in-mine exploration at Hornet-Rubicon-Pegasus project during
	Q2 FY22. Completed drillholes only. ...................................................................................................	3
	Table 3: Summary of significant assays results returned for Rubicon drilling during Q2 FY22.......	5
	Table 4: Summary of significant assays results returned for Hornet drilling during Q2 FY22. ........	5
	Table 5: Summary of significant assays results returned for Pegasus drilling during Q2 FY22.......	6
	Table 6: Summary of significant assays results returned for Pode during Q2 FY22........................	8
	Table 7: Summary of significant assays results returned for Hera during Q2 FY22.Error! Bookmark
	not defined.
	Table 8: Summary of significant assays results returned for Nugget drilling during Q2 FY22......	10
	Table 9: Summary of significant assays results returned for Startrek during Q2 FY22. .................	12
	Figure 1: East-west section of Nugget drilling undertaken during Q2. ...........................................	4
	FY22 Figure 2: East-west section of Pode drilling undertaken during Q2 FY22..............................	4
	Figure 3: East-west section of significant results received for Rubicon drilling during Q2 FY22.	. 5
	Figure 4: East-west section of significant results received for Hornet hanging-wall drilling during
	Q2 FY22...................................................................................................................................................	6
	Figure 5: East-west section of significant results received for the Pegasus (Bell and K2E) drilling
	during Q2 FY22. .....................................................................................................................................	7
	Figure 6: East-west section of significant results received for Pode drilling during Q2 FY22.........	8
	Figure 7: East-west section of significant results received for Hera drilling during Q2 FY22..........	9
	Figure 8: East-west section of significant results received for drilling conducted from Nugget
	5975 DD during Q2 FY22. ....................................................................................................................	11
	Figure 9: East-west section of significant results received for Startrek drilling during Q2 FY22...	12

EKJV Quarterly Report - FY22 Q2

Page 2

For personal use only

1 EXECUTIVE SUMMARY

Exploration activity in FY22 Q2 across the East Kundana Joint Venture primarily focused on the Pode and Nugget prospects. Exploration being defined by Drill Targeting or Resource Targeting designations (Table 1).

Project

Prospect

Tenement

RAB/AC

RAB/AC

RC

RC

DD Metres

DD

ME

Metres

Samples

Metres

Samples

Samples

Samples

EKJV

Nugget

M16/309

1,923

673

EKJV

Pode

M16/309

841

152

Total

2,763

825

Table 1: EKJV exploration activity for FY22 Q2. Drilled metres includes incomplete drillholes.

2 EXPLORATION ACTIVITY

2.1 Rubicon-Hornet-Pegasus (RT/DT)

A total of 15 diamond drill holes for 2,763 metres were completed between 1st October 2021 and 31st December 2021 (see Table 2). Underground exploration drilling focused on Pode and Nugget prospects.

Underground drilling targeting the down-dip extension of Nugget was conducted from the Rubicon 5870 SP (see Figure 1). Drilling to target Pode lower extents was conducted from Pegasus 5901 ACC (see Figure 2).

	Hole ID			Depth (m)			East (MGA)			North (MGA)			RL (MGA)			Hole Type			Dip			Azimuth (MGA)
	NUGRT21099	264		333191		6597612		-24			DD	-56		335
	NUGRT21100	219.11		333191		6597612		-24			DD	-69		348
	NUGRT21110	182.75		333377		6597475		-128			DD	40		190
	NUGRT21111	140.62		333376		6597475		-128			DD	36		212
	NUGRT21112	227.51		333377		6597474		-129			DD	26		184
	NUGRT21113	179.39		333376		6597474		-130			DD	22		205
	NUGRT21114	212.6		333376		6597474		-131			DD	6		199
	NUGRT21115	129		333374		6597478		-128			DD	64		258
	NUGRT21116	126.01		333374		6597478		-128			DD	53		232
	NUGRT21117	110.55		333373		6597478		-129			DD	44		262
	NUGRT21118	131.61		333373		6597477		-130			DD	24		225
	PODRT21184	206.9		332997		6598078		-98			DD	-5		248
	PODRT21185	210.46		332996		6598078		-98			DD	-8		255
	PODRT21186	234.41		332996		6598080		-98			DD	-6		265
	PODRT21191	189		333160		6597892		144			DD	-67		306

Table 2: Drilling physicals for the in-mine exploration at Hornet-Rubicon-Pegasus project during Q2 FY22. Completed drillholes

only.

EKJV Quarterly Report - FY22 Q2

Page 3

For personal use only

Figure 1: East-west section of Nugget drilling undertaken during Q2.

	FY22 Figure 2: East-west section of Pode drilling undertaken during Q2 FY22
EKJV Quarterly Report - FY22 Q2	Page 4