Directors’ Report Cumberland (continued) Mapping and Sampling Gold bearing reefs in the Cumberland project area were first discovered at Supreme in 1872 and mining proceeded from then until 1923 when the Sir Francis Drake mine closed. Relative to the rest of Reefton Goldfield, the Cumberland mines were small scale, undercapitalised and worked in small and limiting claims. There was some major development in the area with a 1.2km long adit driven in fromRainey Creek under the Supreme and Inkerman mines to the InkermanWest mine. A 600m adit was driven under the Golden Lead mine. Total production from the area was 44,626 oz of gold from 97,993 tonnes of ore at an average grade of 14.2 g/t Au (Table 8). Table 8. Historic production from the Cumberland Exploration permit. Mine Quartz (t) Gold (oz) Recovered Gold (g/t) Supreme 22,214 5,268 7.4 Inkerman 21,020 6,102 9.0 Inkerman South 90 270 93.3 InkermanWest 7,282 6,035 25.8 Scotia 594 1,284 67.2 Gallant 2,340 759 10.1 Sir Francis Drake 16,987 5,810 10.6 Merrijigs 259 84 10.1 Cumberland 13,896 13,631 30.5 Exchange – Industry 511 259 15.8 Golden Lead – OK 11,379 2,645 7.2 A1 1,361 2,479 56.7 Total 97,993 44,626 14.2 The mineralisation in the Cumberland permit extends for 3kms south of the Globe Progress mine and is open to the west (under cover) and south (Figure 16). This area lies along the main structural corridor that hosts all the larger mines in the Reefton Goldfield and links to Siren’s very promising Auld Creek Au-Sb prospect. The stibnite mineralisation extends for 10kms fromAuld Creek south into the Globe Progress mine, including the Globe Deeps area below the open pit, through Souvenir, Supreme and Big River. A total of 77 drillholes for a total of 10,933m have been completed (Figure 16). The Supreme soil geochemistry shows a strong stibnite anomaly trending SE under the cover (Figures 16). The strong broad stibnite soil anomaly at the Golden Lead / A1 in the southern end of the permit remains unexplained but is associated with stockwork mineralisation at A1. This anomaly abuts the cover to the east and it is likely that the mineralisation will extend under the cover and could link up with Supreme and potentially Big River. An ionic leach survey will be undertaken over the cover to see if mineralisation under the cover can be detected. The A1 anomaly also remains open to the south. Supreme gold mineralisation is a similar style to the Globe Progress deposit, with high-grade quartz breccia, pug and disseminated sulphides. Supreme contains three sub-parallel mineralised shoots, which have been traced down dip for approximately 200m and are open at depth. The shoots plunge moderately to the SE with an average thickness of approximately 12m. Significant intersections are shown in Table 9 and include 10m@ 3.5g/t Au and 14m@ 3.5g/t Au (RDD013), 11m@ 3.2g/t Au (RDD017), 13m@ 2.6g/t Au (RDD018), 9.5m@ 2.3g/t Au (RDD021) and 9.5m@ 4.1g/t Au (RDD025). The Supreme drill samples were generally not analysed for stibnite, which will be undertaken in Q1 2023. for the year ended 31 December 2022 Annual Report 2022 25
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