Directors’ Report Alexander River (continued) Figure 7. Schematic long section showing surface sampling and drillhole intersections. Mineral Resource Estimate Siren contracted independent mining consultants Measured Group (MG) to deliver a JORC Resource Estimate for the Alexander River Gold Project, utilising the geological observations and geochemical analysis data from 121 diamond drillholes and 31 trenches completed at the project. In January 2023, Measured Group reported a Total Inferred Mineral Resource of 1.07 million tonnes, containing 5.0g/t Au at a 1.5g/t Au cut-off (Table 4), compiled in accordance with JORC (2012). This represents an increase in resource ounces of 30%, with grade increasing 22%, based on the inclusion of data from 31 trenches. An isometric view of the block model by geological domain is shown in Figure 8. for the year ended 31 December 2022 Siren Gold Limited 12
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