Operations and financial review (continued) Table 2. Updated Global Resource at 1.5g/t cut-off (100% basis). Project Tonnes (kt) Grade (g/t Au) Ounces (koz) Sams Creek Indicated 3,290 2.80 295.6 Total Indicated 3,290 2.80 295.6 Sams Creek Inferred 5,810 2.83 528.8 Alexander River Inferred 1,066 4.95 169.9 Total Inferred 6,876 3.16 698.4 Total Indicated + Inferred 10,166 3.04 994.0 Tonnages are dry metric tonnes and minor discrepancies may occur due to rounding. Epizonal High-grade Gold - Stibnite Mineralisation The Reefton Goldfield has been correlated to the Lachlan Fold Belt that contains epizonal gold-antimony (Sb) deposits like Fosterville and Costerfield. Siren’s Auld Creek epizonal deposit contains high grade gold and massive stibnite (antinomy sulphide) veins (Figure 4). Figure 4. Massive stibnite (antimony sulphide) veins at Auld Creek. Directors’ Report for the year ended 31 December 2022 Siren Gold Limited 8
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