Directors’ Report Auld Creek (Golden Point permit) The Auld Creek Prospect is contained within Siren’s Golden Point exploration permit and is situated between the highly productive Globe Progress mine, which historically produced 418koz @ 12.2g/t Au, and the Crushington group of mines that produced 515koz @ 16.3g/t Au (Figure 12). More recently OceanaGold Limited (OGL) mined an open pit and extracted an additional 600koz of gold from lower grade remnant mineralisation around the historic Globe Progress mine. The Auld Creek Prospect contains both high-grade gold and antimony mineralisation, extends for over 2kms and represents a block that was potentially offset to the west, along NE-SE trending faults between Globe Progress and Crushington (Figure 12). Siren has recently acquired the Cumberland exploration permit that was part of the Globe Progress mining permit. Siren now holds the ground immediately to the north (Auld Creek) and south of Globe Progress mine. The gold-antimony mineralisation extends fromAuld Creek south through Globe Progress and the Cumberland prospects (Figure 13) and on to Big River a strike length of 12kms with 9kms in Siren’s permits and the remaining 3kms in Globe Progress reserve area. The Globe Progress mineralisation extended for over 200m vertically below the bottom of the open pit before it was offset by the Chemist Shop Fault (CSF). The offset mineralisation on the other side of the CSF has not been found. Figure 12. Auld Creek and Cumberland exploration permits surrounding the Globe Progress mine. for the year ended 31 December 2022 Siren Gold Limited 20
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