Tribune Resources : EKJV Exploration Report March 2022 Quarter

ASX ANNOUNCEMENT

28 April 2022

A.B.N. 11 009 341 539

ASX:TBR

EKJV Exploration Report

March 2022 Quarter

Tribune Resources Ltd (ASX code: TBR) has pleasure in providing the Quarterly EKJV Exploration Report.

Board of Directors

Mr Otakar Demis

Chairman & Joint Company Secretary

Mr Anton Billis Managing Director

Mr Gordon Sklenka Non-Executive Director

Mr Stephen Buckley Company Secretary

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]: + 61 8 9474 2113

For Media and Broker Enquiries Peter Klinger

Cannings Purple

E:[e-mail]: + 61 411 251 540

Suite G1, 49 Melville Parade South Perth WA 6151 T: [phone] | F: [phone]

E:[e-mail]| W: www.tribune.com.au

EAST KUNDANA JOINT VENTURE

2022 Quarter 3

EKJV Exploration Report

March, 2022

For distribution to JV Partners:

• - Evolution Mining Limited

• - Tribune Resources Limited

• - Rand Mining Limited

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 ......................................................................................................................................... 8

• 3.7 Startrek .......................................................................................................................................... 9

• 6 Future Work ................................................................................................................................ 11

• 6.1 In-mine Exploration ................................................................................................................... 11

• 7 APPENDIX 1 ................................................................................................................................ 12

TABLES AND FIGURES

Table 1: EKJV exploration activity for FY22 Q3. Drilled metres includes incomplete drillholes . ... 3Table 2: Drilling physicals for the in-mine exploration at Hornet-Rubicon-Pegasus project during

Q3 FY22. Completed drillholes only . ................................................................................................... 3

Table 3: Summary of significant assays results returned for Rubicon drilling during Q3 FY22 ....... 5

Table 4: Summary of significant assay results returned for Hornet drilling during Q3 FY22 ........... 5

Table 5: Summary of significant assays results returned for Pegasus drilling during Q3 FY22 ....... 6

Table 6: Summary of significant assays results returned for Pode during Q2 FY22 ........................ 7

Table 7: Summary of significant assay results returned for Nugget drilling during Q3 FY22 ......... 9

Table 8: Summary of significant assays results returned for Startrek during Q3 FY22 .................. 10

Figure 1: East-west section of Mary Fault drilling undertaken during Q3 ........................................ 4

Figure 2: Plan view of Mary Fault drilling undertaken in Q3 ............................................................. 4

Figure 3: East-west section of significant result received for Rubicon drilling during Q3 FY22 .... 5 Figure 4: East-west section of significant results received for Hornet hanging-wall drilling during

Q3 FY22 ................................................................................................................................................... 6 Figure 5: East-west section of holes returned for the Pegasus (Bell and K2E) drilling during Q3

FY22 ......................................................................................................................................................... 7

Figure 6: East-west section of significant results received for Pode drilling during Q3 FY22 ......... 8 Figure 7: East-west section of significant results received for drilling of the Nugget lodes in Q3

FY22 ......................................................................................................................................................... 9

Figure 8: East-west section of significant results received for Startrek drilling during Q3 FY22.. 10 Figure 9: East-west section of significant results received for Mary Fault drilling during Q3 FY22

............................................................................................................................................................... 11

• 1 EXECUTIVE SUMMARY

  Exploration activity in FY22 Q3 across the East Kundana Joint Venture focused on the Mary Fault Zone (MFZ), which is in the footwall of the Centenary Main Vein (CMV). Exploration is defined by Drill Targeting or Resource Targeting designations(Table 1).

  Project	Prospect	Tenement	RAB/AC Metres	RAB/AC Samples	RC Metres	RC Samples	DD Metres	DD Samples	ME Samples
  EKJV	Mary Fault	M16/309	-	-	-	-	1,875	1,654	-
  Total	-	-	-	-	1,875	1,654	-

  Table 1: EKJV exploration activity for FY22 Q3. Drilled metres includes incomplete drillholes.

• 2 EXPLORATION ACTIVITY

• 2.1 Rubicon-Hornet-Pegasus (RT/DT)

  A total of 8 diamond drill holes for 1,875 metres were completed between the 1st January 2022 and 31st March 2022 (seeTable 2). Underground exploration drilling focused on Mary Fault Zone prospect.

  Underground drilling targeting extensions along strike of the Mary Fault Zone was conducted from Hornet 6195 ODS (See Figure 1).

Hole ID	Depth (m)	East (MGA)	North (MGA)	RL (MGA)	Hole Type	Dip	Azimuth (MGA)
STKDT22001	170.8	333880	6596892	209	DD	18	64
STKDT22002	192.0	333880	6596892	207	DD	-12	52
STKDT22003	290.7	333880	6596892	208	DD	7	31
STKDT22004	336.0	333880	6596893	207	DD	-10	35
STKDT22005	198.1	333883	6596890	207	DD	-36	66
STKDT22006	188.9	333883	6596890	206	DD	-43	102
STKDT22007	264.1	333882	6596890	207	DD	-46	58
STKDT22008	234.0	333882	6596890	206	DD	-51	85

Table 2: Drilling physicals for the in-mine exploration at Hornet-Rubicon-Pegasus project during Q3 FY22. Completed drillholes only.

Figure 1: East-west section of Mary Fault drilling undertaken during Q3.

Figure 2: Plan view of Mary Fault drilling undertaken in Q3