Reserves & Resources

The information in this report related to Mineral Resource estimates as at 31 December 2022 is based on information compiled by Dr Andrew Scogings PhD (Geology) RPGeo (industrial minerals) and Mr Julian Aldridge MESci (Oxon) MSc MCSM CGeol FGS.

Both Dr Scogings and Mr Aldridge are employed by Snowden Optiro and are independent of Twigg Exploration and Mining Limitada. Dr Scogings is a Member of the Australian Institute of Geoscientists (Number 3013) and the South African Geological Society. Mr Aldridge is a Chartered Geologist with the Geological Society of London (Number 1014722). Both Dr Scogings and Mr Aldridge have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are reporting to qualify as a Competent Persons as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).

The information in this report related to Mineral Resource estimates as at 31 December 2022 is based on information compiled by Mr Jonathon Abbott, a Competent Person who is a member of the Australian Institute of Geoscientists. Mr Abbott is employed by MPR Geological Consultants Pty Ltd and is an independent consultant to Twigg Exploration and Mining Limitada. Mr Abbott has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is reporting to qualify as a Competent Person as defined in the JORC Code. Mr Abbott consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The Company engaged independent consultants to prepare the mineral resource and reserve estimates. The consents by the Competent Persons remain in place for subsequent release by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original ASX announcements.