High Grade Zinc-Lead Sampling Results at the Kroussou Project

(firmenpresse) - Apollo Minerals Limited (Apollo Minerals or Company) is pleased to report the results of a recent surface exploration program undertaken at the Kroussou zinc-lead project (Kroussou Project or Project) in western Gabon.

Highlights:

- A program of geological mapping, rock chip and soil sampling was carried out across three target Prospects within the Kroussou Project, including the high priority Niamabimbou Prospect (~8km strike length of prospective geology)
- Rock chip samples collected from the Niamabimbou Prospect identified widespread high grade zinc-lead mineralisation with grades up to 20.16% combined Zn-Pb
- Best results from the sampling program at the Niamabimbou Prospect include:
o 20.16% combined Zn-Pb from sample JBR246
o 15.20% combined Zn-Pb from sample JBR244
o 10.71% combined Zn-Pb from sample JBR136
o 8.15% combined Zn-Pb from sample JBR069
o 7.98% combined Zn-Pb from sample JBR201
o 7.84% combined Zn-Pb from sample JBR131
o 7.14% combined Zn-Pb from sample JBR049
- Mapping has identified multiple new zones of mineralised outcrops extending over wide areas, each representing an exploration target with the potential to host significant shallow, zinc-lead mineralisation
- Soil sampling grids were completed at the Niamabimbou, Dignali and Ofoubou Prospects, with the results pending
- Exploration to date continues to validate the province-scale base metals potential of the Project
- Only four of the 18 prospects have been drill tested to date, with all four channels intersecting zinc-lead mineralisation at very shallow depths
- Multiple opportunities for discovery with all 18 prospects remaining open and under-explored, with broader, deeper parts of the basin to the west completely untested
- Positive initial metallurgical test work has confirmed high recoveries and produced separate, high grade and high-quality zinc and lead concentrates with very low deleterious / penalty elements

- Drilling programs are being designed to focus on defining sufficient shallow (open-pittable), high grade zinc-lead mineralisation to justify commencement of feasibility studies
- Drill rigs will be mobilised to site in the coming months

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Figure 1 - High grade zinc-lead results from surface sampling at the Niamabimbou Prospect

For further information contact:
Robert Behets
Tel: +61 8 9322 6322
Email: info(at)apollominerals.com.au

This announcement has been authorised for release by Mr Robert Behets

KROUSSOU PROJECT OVERVIEW

The Kroussou Project consists of the Prospecting License G4-569 which covers 986.5km2 in the Ngounié Province of Western Gabon located approximately 220km southeast of the capital city of Libreville (Figure 2).

Zinc-lead mineralisation is hosted in Cretaceous sediments on the margin of the Cotier Basin within preserved channels lying on unconformable Archaean and Paleoproterozoic basement rocks (Figures 3).

Historical exploration work at the Kroussou Project identified 150 base metal occurrences along a +70km strike length of prospective geology within the project area.

The zinc-lead mineral occurrences are hosted within exposed channels that offer very shallow, near surface targets close to the basement rocks.

Only two of the 18 exposed channels were drill tested by the Bureau de Recherches Géologiques et Minières (BRGM) historically, with both channels containing significant base metal mineralisation.

A further two near surface targets were drilled by Trek Metals Limited (Trek), which also returned significant zinc-lead intervals, further validating the province scale, base metal potential of the project area

There are multiple opportunities for the discovery of further base metal mineralisation within the remaining untested 14 channels and also further exploration westward within the broader Cotier Basin is warranted.
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Figure 2 - Kroussou Project Location Plan
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Figure 3 - Kroussou Project Prospects Detailed

Reconnaissance Geological Mapping and Sampling Programs

Two phases of geological mapping, rock chip and soil sampling were completed late in 2019. The mapping and sampling programs were designed to identify new targets for base metals mineralisation for future drilling campaigns, and to further interpret regional geology within sedimentary channels.

Sampling occurred at the Niamabimbou, Ofoubou and Dignali Prospects (Figure 3) and a selection of 75 mineralised rock samples were sent to the Intertek laboratory in Libreville for sample preparation before being sent to the Intertek Genalysis laboratory in Perth for assaying.

Niamabimbou Prospect

At Niamabimbou, a total of 556 points of observation were mapped, 92 outcrops were sampled, and 75 rock chip samples sent for analysis.

Based on the lithologies of rock samples and topographic contours the basin-basement contact was reinterpreted in some areas of the channel.

Four areas with a dominance of conglomerate and/or microconglomerate outcrops were interpreted as a shallow underlying basement compared to the other parts of the channel where sandstone and siltstone are dominant lithologies. These weirs are potentially the result of horst-type features in the basement and their external rims are considered favourable geomorphologic settings for high grade mineralisation (Figure 4).
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Figure 4: Niamabimbou Prospect Geological Map

Mineralised outcrops were identified on the rim of these weirs and represent priority drilling targets, particularly in the zones Wr2 and Wr3.

Rock samples JBR131 and JBR136 located on the northwest rim of the Niamabimbou channel, close to Wr3, returned 7.84% and 10.71% combined Zn-Pb.

The eastern rim of the channel, coincident with a northwest trending fault returned also high values with 7.98% combined Zn-Pb in JBR201, with the richest outcrops located on the external rim of Wr2 (15.20% and 20.16% combined Zn-Pb in JBR244 and JBR246 respectively).

A new target was discovered at Niamabimbou-DS (NB-DS) approximately along strike of Wr2 mapped in the central channel of Niamabimbou (assays pending). This may indicate the presence of an east-west oriented horst type feature in this area.

High priority drilling targets were also identified at Niamabimbou NE (NB-NE) where a zone of mineralised outcrops (including JBR049 and JBR069 which returned 7.14% and 8.15% combined Zn-Pb respectively) extends 400m by 150m, with potential extending down-dip and laterally to the south and west.

According to the drilling programs carried out in 2017-18, clastic ore is the more favourable ore type for lenses of significant tonnage with medium/high grade. Drill targeting at Niambimbou will therefore initially focus on mineralised outcrops with clastic ore type.

An extensive program of soil sampling occurred in two phases at the Niamabimbou Prospect, with a total of 410 soil samples collected. The program commenced with infill sampling on a 50m by 100m grid at NB-NE, with the objective of confirming and refining the shape of a strong lead anomaly that had been identified during previous exploration campaigns. Soil sampling was also completed on a 100m by 200m grid at the Niamabimbou Northern Tributary (NB-NT) and in the southern parts of the Prospect (50m by 100m infill grids at NB-SE and NB-SW) in order to identify new anomalies. Results from the soil sampling grids are anticipated in late February.

Dignali and Ofoubou Prospects

Programs of geological mapping, rock chip and soil sampling were also carried out at the Dignali and Ofoubou Prospects (Figure 3) where very limited exploration has been carried out to date.

At the Dignali Prospect a total of 72 points of observation were mapped and six mineralised outcrops sampled (assays pending). Despite lack of significant outcrop, the Dignali setting is considered favourable for lead-zinc mineralisation under cover.

A new 100m by 100m soil grid was sampled in the south-east tributeary of Dignali embayment. This 2km long narrow arm of Cretaceous sediments is located in a favourable erosive domain and is prospective for structurally controlled mineralisation.

Soil sampling at the Ofoubou prospect was carried out on a 100m by 200m grid covering the southern side of the channel. A total of 116 soil samples collected.

Results from the soil sampling grids at the Dignali and Ofoubou Prospects are anticipated in late February.

Initial Metallurgical Testwork

An initial metallurgical testwork program in 2018 produced separate, high-grade, high-recovery zinc and lead concentrates with very low deleterious / penalty elements (antimony, arsenic, bismuth and mercury impurities were all below the detection limit).

The testwork predicted relatively potential low-energy costs due to low grind times to achieve target sizing (see Treks ASX Release dated 8 November 2018). The independent testwork, undertaken by METS Engineering in Perth, Western Australia, resulted in the production of:

- Lead concentrate up to 79% Pb (overall un-optimised lead concentrate graded >70% Pb with > 90% recovery); and
- Zinc concentrate up to 58% Zn (overall zinc concentrate graded 53% Zn at 65% recovery, with the majority of the zinc losses reporting to the lead rougher concentrate. Of the zinc reporting to the zinc rougher, 90% was recovered. Further optimisation on zinc depression in the lead rougher is expected to significantly improve the overall zinc recovery

Exploration Plan

The initial exploration program is focussed on defining sufficient shallow (open-pittable), high grade zinc-lead mineralisation to justify commencement of feasibility studies.

The proposed work plan for the Kroussou Project includes:

· Conduct surface exploration programs comprising geological mapping, rock chip and soil sampling to further assess identified prospects and to generate new targets within the broader project area;
· Rank and prioritise exploration targets across the project area based on newly acquired and historical data;
· Plan for the mobilisation of a track-mounted reverse circulation (RC) rig suitable for a rapid drilling program over multiple channels;
· Mobilise drill rigs to conduct an infill and extensional drilling program at the Dikaki Prospect and initial drill testing of other priority targets;
· Create road access to new prospects in anticipation of an aggressive drill program;
· Conduct ground geophysics to refine identified prospects and generate new targets;
· Continue metallurgical test work over all prospective targets to assess recovery characteristics, concentrate quality, and variability;
· Estimation and reporting of a Mineral Resource in accordance with the JORC Code; and
· Commence with feasibility studies.
The Company will undertake the work program with a strong commitment to all aspects of sustainable development and responsible mining, with an integrated approach to economic, social, environmental, health and safety management.

About the Kroussou Project

As announced on 3 September 2019, Apollo Minerals has entered into an Earn-in Agreement (EIA) with Trek Metals Limited (Trek) to earn-in an interest of up to 80% in the Kroussou zinc-lead project (Kroussou Project) in western Gabon.

The Kroussou Project is a large scale, near surface zinc-lead project with exploration to date validating the province-scale base metal potential. Previous exploration work has resulted in the identification of 150 zinc-lead mineral occurrences over a +70km strike length of prospective geology within the project area.

The Kroussou Project consists of one Prospecting License, G4-569, covering 986.5km2 located in the Ngounié Province, western Gabon, 220km southeast of the capital city of Libreville.

The EIA is subject to a number of conditions precedent and Apollo Minerals will progressively earn its interest upon meeting expenditure milestones (see ASX Release dated 3 September 2019 for further details).

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on information compiled by Mr Robert Behets, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Behets is a holder of shares, performance rights and options in, and is a director of, Apollo Minerals. Mr Behets has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Behets consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Process and Metallurgy is extracted from an announcement on 3 September 2019. This announcement is available to view on www.apollominerals.com. The information in the original announcement that related to Process and Metallurgy was based on, and fairly represents, information compiled by Damian Connelly who is a Fellow (CP Met) of the Australasian Institute of Mining and Metallurgy and a full-time employee of METS Engineering. Mr Connelly has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcement.

Appendix A: Summary of Rock Chip Sample Results

Sample EastingNorthinRL Prospect Zn + Zn Pb
ID g Pb

(WGS84 (WGS84 (m) (%) (%) (%)
32S) 32S)

JBR011 634 3849 816 27 Niamabimbo0.81 0.78 0.03
530 u

JBR023 634 0379 816 21 Niamabimbo0.04 0.04 0.01
482 u

JBR029 634 0219 816 24 Niamabimbo0.02 0.02 0.00
716 u

JBR045 635 0089 816 38 Niamabimbo0.16 0.10 0.07
432 u

JBR047 634 9899 816 40 Niamabimbo0.30 0.09 0.21
433 u

JBR048 634 9849 816 39 Niamabimbo0.11 0.06 0.05
430 u

JBR049 635 0669 816 33 Niamabimbo7.14 1.32 5.82
426 u

JBR058 635 1089 816 40 Niamabimbo1.99 0.37 1.62
377 u

JBR062 635 1859 816 45 Niamabimbo0.42 0.37 0.05
407 u

JBR063 635 2069 816 42 Niamabimbo1.48 1.12 0.36
440 u

JBR065 635 1739 816 29 Niamabimbo1.08 0.78 0.29
453 u

JBR066 635 1729 816 41 Niamabimbo1.28 1.19 0.09
459 u

JBR067 635 1789 816 47 Niamabimbo0.70 0.67 0.03
460 u

JBR068 635 1919 816 50 Niamabimbo1.25 1.08 0.17
475 u

JBR069 635 1949 816 52 Niamabimbo8.15 2.00 6.15
502 u

JBR070 635 1589 816 31 Niamabimbo0.36 0.28 0.08
436 u

JBR071 635 1399 816 30 Niamabimbo2.79 2.48 0.31
414 u

JBR073 635 2169 816 32 Niamabimbo0.36 0.35 0.01
438 u

JBR080 635 3069 816 41 Niamabimbo0.85 0.72 0.12
365 u

JBR082 635 3559 816 46 Niamabimbo2.78 2.68 0.10
326 u

JBR105 634 5569 816 14 Niamabimbo0.19 0.18 0.01
214 u

JBR113 634 3569 816 31 Niamabimbo0.06 0,04 0.01
132 u

JBR114 634 3519 816 43 Niamabimbo0.03 0.03 0.01
123 u

JBR119 634 2739 815 36 Niamabimbo0.30 0.25 0.04
889 u

JBR128 634 0129 815 15 Niamabimbo0.01 0.01 0.00
889 u

JBR129 633 9059 815 17 Niamabimbo0.36 0.33 0.03
838 u

JBR130 633 8489 815 21 Niamabimbo0.01 0.01 0.00
825 u

JBR131 633 8319 815 23 Niamabimbo7,84 7.29 0.55
835 u

JBR136 633 8759 816 19 Niamabimbo10.71 8.37 2.34
131 u

JBR140 633 7679 816 14 Niamabimbo0.74 0.59 0.15
342 u

JBR144 633 7919 816 21 Niamabimbo0.08 0.06 0.02
559 u

JBR152 633 4069 816 52 Niamabimbo0.18 0.14 0.04
694 u

JBR166 634 0349 816 15 Niamabimbo0.01 0.01 0.01
190 u

JBR171 633 5889 815 15 Niamabimbo0.09 0.08 0.01
408 u

JBR172 633 5819 815 21 Niamabimbo0.12 0.11 0.01
405 u

JBR180 634 2389 815 29 Niamabimbo0.41 0.40 0.00
670 u

JBR192 634 6289 815 40 Niamabimbo0.11 0.08 0.03
326 u

JBR194 634 6019 815 39 Niamabimbo0.26 0.19 0.06
363 u

JBR201 634 6589 815 31 Niamabimbo7.98 7.31 0.67
504 u

JBR206 634 6449 815 25 Niamabimbo0.38 0.28 0.10
314 u

JBR217A634 7469 815 45 Niamabimbo0.74 0.72 0.02
005 u

JBR228 634 7969 814 29 Niamabimbo0.75 0.71 0.04
848 u

JBR229 634 8229 814 31 Niamabimbo0.37 0.36 0.01
848 u

JBR240 634 8859 814 53 Niamabimbo1.79 1.15 0.64
501 u

JBR244 634 8929 814 21 Niamabimbo15.20 13.98 1.22
379 u

JBR246 634 9419 814 21 Niamabimbo20.16 2.28 17.88
353 u

JBR262 634 9599 813 35 Niamabimbo3.13 2.99 0.14
613 u

JBR263 634 9649 813 36 Niamabimbo0.49 0.47 0.02
592 u

JBR283 635 2509 813 34 Niamabimbo0.32 0.07 0.26
730 u

JBR292 635 2999 813 45 Niamabimbo0.35 0.34 0.01
649 u

JBR296 635 5249 813 40 Niamabimbo2.13 2.11 0.01
672 u

JBR299 635 6209 813 40 Niamabimbo1.48 1.41 0.07
689 u

JBR303 635 2529 813 23 Niamabimbo0.92 0.64 0.29
528 u

JBR306 635 3539 813 30 Niamabimbo0.09 0.08 0.01
541 u

JBR320 635 0509 813 56 Niamabimbo0.15 0.14 0.01
230 u

JBR345 634 7779 813 54 Niamabimbo0.10 0.10 0.01
647 u

JBR352 634 6909 814 36 Niamabimbo0.11 0.10 0.01
294 u

JBR354 634 3909 814 30 Niamabimbo0.05 0.04 0.00
297 u

JBR359 634 3069 814 28 Niamabimbo0.02 0.01 0.01
302 u

JBR361A634 2689 814 38 Niamabimbo0.28 0.17 0.11
269 u

JBR361B634 2639 814 46 Niamabimbo0.58 0.46 0.12
277 u

JBR362 634 2659 814 63 Niamabimbo0.54 0.51 0.03
251 u

JBR384 634 1059 814 56 Niamabimbo0.06 0.05 0.00
530 u

JBR385 634 0919 814 58 Niamabimbo0.04 0.03 0.01
494 u

JBR386 634 0629 814 55 Niamabimbo0.11 0.11 0.00
440 u

JBR389 634 0239 814 49 Niamabimbo0.70 0.69 0.01
428 u

JBR391 634 0679 814 40 Niamabimbo0.39 0.04 0.34
585 u

JBR402 634 1589 815 22 Niamabimbo0.61 0.16 0.45
002 u

JBR405 634 0009 815 22 Niamabimbo0.02 0.01 0.01
044 u

JBR413 633 7429 815 23 Niamabimbo2.12 1.98 0.14
085 u

JBR422A633 6449 815 29 Niamabimbo0.91 0.90 0.02
824 u

JBR422B633 6389 815 24 Niamabimbo0.05 0.02 0.03
829 u

JBR428 633 5369 815 25 Niamabimbo1.31 1.26 0.05
686 u

JBR434 633 5189 815 26 Niamabimbo0.01 0.01 0.00
361 u

JBR435 633 4809 815 29 Niamabimbo0.02 0.01 0.01
332 u


Appendix B: JORC Code, 2012 Edition - Table 1 Report

Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)

CriteriJORC Code explanation Commentary
a

SamplinNature and quality of Rock samples were collected as
g sampling grab/chip samples from
techni ( outcrops, some within creek
ques eg cut channels, random beds and others on hill
chips, or specific sides, as part of an
specialised industry exploration program
standard measurement undertaken at the
tools appropriate to the
minerals under Kroussou Project in late 2019
investigation, such as (75 samples).
down hole gamma

sondes, or handheld XRF
instruments, etc). These
examples should not be
taken as limiting the
broad meaning of
sampling.

Include reference to Rock samples were selected
measures taken to ensure from accessible areas and are
sample likely to be biased toward
those where mineralisation
representivity and the was observed in hand
appropriate calibration specimen.
of any measurement tools
or systems Sample size was approximately
used. 1kg to 3kg in weight for rock
samples. These samples are
considered point samples and
may be biased towards
mineralised
examples.

Rock sample locations were
surveyed using standard
Garmin GPS equipment
achieving sub metre accuracy
in horizontal and vertical
position.

Aspects of the Rock samples were collected
determination of from outcrops, with sample
mineralisation that are sizes of approximately 1kg to
Material to the Public 3kg.
Report. In cases where
industry standard work Rock samples were transported
has been done this would to
be relatively simple
( the Intertek laboratory in Libr
eg reverse circulation eville
drilling was used to , Gabon for sample
obtain 1 m samples from preparation. Samples were
which 3 kg was pulverised dried and crushed to -2mm.
to produce a 30 g charge Sample splits were pulverised
for fire assay). In to -80µm.
other cases more
explanation may be
required, such as where Samples were transported to
there is coarse gold that the
has inherent sampling
problems. Unusual Intertek Genalysis in Perth
commodities or for analysis using a 4-acid
mineralisation types digest with an ICP-OES or
( ICP-MS (element dependant)
eg submarine nodules) may finish.
warrant disclosure of
detailed
information.

DrillinDrill type (eg core, No drilling results reported.
g reverse circulation,
techni open-hole hammer, rotary
ques air blast, auger, Bangka,
sonic, etc) and details
(
eg core diameter, triple
or standard tube, depth
of diamond tails,
face-sampling bit or
other type, whether core
is oriented and if so, by
what method,
etc).

Drill Method of recording and No drilling results reported.
sample assessing core and chip
recove sample recoveries and
ry results
assessed.


Measures taken to maximise No drilling results reported.
sample recovery and
ensure representative
nature of the
samples.

Whether a relationship No drilling results reported.
exists between sample
recovery and grade and
whether sample bias may
have occurred due to
preferential loss/gain of
fine/coarse
material.

LoggingWhether core and chip A short geological description
samples have been of each rock sample was taken
geologically and at the time of
geotechnically logged to collection.
a level of detail to
support appropriate
Mineral Resource
estimation, mining
studies and metallurgical
studies.

Whether logging is The description is qualitative
qualitative or in nature and includes
quantitative in nature. lithology, alteration,
Core (or mineralisation
etc.
costean, channel, etc)
photography.

The total length and No drilling results reported.
percentage of the
relevant intersections
logged.

Sub-samIf core, whether cut or No drilling results reported.
pling sawn and whether quarter,
techni half or all core
ques taken.

and If non-core, whether No drilling results reported.
sample riffled, tube sampled,
prepar rotary split, etc and
ation whether sampled wet or
dry.

For all sample types, the Rock samples were hammered off
nature, quality and outcrops using a rock hammer.
appropriateness of the Each sample weighed
sample preparation approximately 1kg to 3kg.
technique.

Rock samples were transported
to the external sample
preparation laboratory in
Gabon. Samples were dried and
crushed to -2mm.


Sample splits were pulverized
in a hammer mill to -80m.


Sample sizes and preparation
techniques employed are
considered

to be appropriate for the
generation of early stage
exploration
results.

Quality control procedures No sub-sampling was applied
adopted for all into sample batches before
sub-sampling stages to
maximise dispatch to the external
laboratory.
representivity of samples.
External laboratories QA/QC
procedures involved the use
of standards, blanks and
duplicates which are inserted
into sample batches at a
frequency of approximately
5%.

Measures taken to ensure Rock sample size was
that the sampling is approximately 1kg to 3 kg in
representative of the in weight. These samples are
situ material collected, considered point samples and
including for instance may be biased towards
results for field mineralised
duplicate/second-half examples.
sampling.
No field duplicates were
collected for the rock
samples.


Whether sample sizes are Sample sizes and preparation
appropriate to the grain techniques employed are
size of the material considered to be appropriate
being for the generation of early
sampled. stage exploration
results.

QualityThe nature, quality and Samples were processed in
of appropriateness of the Gabon by
assay assaying and laboratory
data procedures used and Interlek laboratory.
and whether the technique is Samples were:
labora considered partial or · Dried
tory total. · Crushed to 80% passing 2mm
tests · Pulverised to 80% passing 80
microns

· Packaged and sent to Intertek

Genalysis in Perth
Samples were assayed by Interte
k
Genalysis in Perth using a
4-acid digest with an ICP-OES
or ICP-MS (element dependant)
finish. Analyses included Pb,
Zn, Ag, As, Bi, Cd, Cu, Fe,

Mn, S, Sb and Ti.
These techniques are considered
total.


For geophysical tools, No geophysical tools,
spectrometers, handheld spectrometers, handheld XRF
XRF instruments, etc, the instruments
parameters used in used.
determining the analysis
including instrument make
and model, reading times,
calibrations factors
applied and their
derivation,
etc.

Nature of quality control The external laboratories used
procedures adopted maintain their own process of
( QA/QC using standards, sample
eg standards, blanks, duplicates and
duplicates, external blanks.
laboratory checks) and
whether acceptable levels
of accuracy Review of the external
( laboratory quality QA/QC
ie lack of bias) and reports, has shown no sample
precision have been preparation issues,
established. acceptable levels of accuracy
and precision and no bias in
the analytical
datasets.

No other QAQC samples were
submitted.


VerificThe verification of No drilling results reported.
ation significant intersections
of by either independent or
sampli alternative company
ng and personnel.
assayi
ng

The use of twinned holes. No drilling results reported.
Documentation of primary Field data and point fact
data, data entry geology mapping was conducted
procedures, data by a consulting geologist.
verification, data
storage (physical and
electronic) All data produced was checked
protocols. for accuracy and discussed
with the consultant in
detail. Periodic reports were
produced, and all digital
data
obtained.

Discuss any adjustment to Zinc and lead combined assays
assay are discussed in the text
data. with Appendix A providing a
breakdown of individual zinc
and lead
assays.

LocatioAccuracy and quality of GPS coordinates of rock sample
n of surveys used to locate locations were captured using
data drill holes (collar and a Garmin GPS in UTM WGS84
points down-hole surveys), Easting/Northing coordinates
trenches, mine workings with metric accuracy in
and other locations used horizontal and vertical
in Mineral Resource position.
estimation.

Specification of the grid Sample locations are provided
system as UTM co-ordinates within
used. Zone 32, southern hemisphere
using WGS 84
datum.

Quality and adequacy of Topographic control is based
topographic on topographic contours
control. sourced from SRTM
data.

Data Data spacing for reporting Rock samples were taken at
spacin of Exploration non-regular intervals
g and Results. according to observations at
distri the time in the field i.e.
bution not on a fixed grid pattern.


Whether the data spacing The data spacing is not
and distribution is considered sufficient to
sufficient to establish assume geological and grade
the degree of geological continuity, and will not
and grade continuity allow the estimation of
appropriate for the Mineral
Mineral Resource and Ore Resources.
Reserve estimation
procedure(s) and
classifications
applied.

Whether sample compositing No compositing of samples in
has been the field was
applied. undertaken.

OrientaWhether the orientation of Rock samples were taken
tion sampling achieves according to observations at
of unbiased sampling of the time in the
data possible structures and field.
in the extent to which this
relati is known, considering the
on to deposit
geolog type.
ical
struct
ure

If the relationship No drilling results reported.
between the drilling
orientation and the
orientation of key
mineralised structures is
considered to have
introduced a sampling
bias, this should be
assessed and reported if
material.

Sample The measures taken to Rock samples were transported
securi ensure sample from the field to the
ty security. processing laboratory by
Company field personnel and
then from the processing
laboratory to the analytical
laboratory via
DHL.

Audits The results of any audits There has been no external
or or reviews of sampling audit or formal review of the
review techniques and techniques used or data
s data. collected during the 2019
field
campaign.

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)

CriteriJORC Code explanation Commentary
a

Mineral Type, reference The Kroussou Project consists
tenemen name/number, location of one Prospecting License
t and and ownership including (G4-569), covering
land agreements or material approximately 986.5km2
tenure issues with third located in
status parties such as joint
ventures, partnerships, Ngounié Province, western
overriding royalties, Gabon.
native title interests,
historical sites,
wilderness or national The Prospecting License
park and environmental (G4-569) is held by Select
settings. Explorations Gabon SA, a 100%
owned subsidiary of Trek. The
Prospecting License was
granted in July 2015 and
renewed in July 2018 for an
additional three years. The
Prospecting License can be
renewed for a further three
years.

Havilah Consolidated Resources
(HCR) holds a 0.75% NSR in
the

Kroussou Project. This royalty
may be bought back from HCR
for
US$250,000.

The Kroussou Project is now
subject to the Earn-In
Agreement between Trek and
Apollo Minerals.


No historical sites,
wilderness or national parks
are located within the
Prospecting License.


The security of the Tenure in the form of a
tenure held at the time Prospecting License
of reporting along with (
any known impediments to Permis de Recherche) which has
obtaining a licence to been granted and is
operate in the considered secure. In
area. accordance with the Gabonese
Mining Code, the Prospecting
License may be extended for a
further three
years.

Apollo Minerals are not aware
of any impediments relating
to the license or area.


ExploratAcknowledgment and Intermittent historical
ion appraisal of exploration exploration as conducted by
done by other French Bureau de
by parties.
other Recherches Géologiques et Miniè
parties res
(BRGM) at Kroussou from 1962
- 1963, the project was then
later re-examined in
1979-1981 by the BRGM in
joint venture with

Comilog which is a Gabonese
government owned mining
company.

BRGM discovered the Kroussou Pb
-Zn-(Ag) mineral occurrences
as well as others along
various river systems on the

Kroussou license.
BRGM conducted drilling on the
project in 1962 and
1977-1980.

Metals of Africa (renamed
Battery Minerals) obtained
historical reports and drill
logs relating to BRGMs field
program and completed cursory
rock chip and mapping work in
2015 and
2016.

Trek completed soil surveying,
mapping, rock chip sampling,
ground geophysics and two
drilling programs to confirm
historical results during
2017 and
2018.

Geology Deposit type, geological The deposit style reported in
setting and style of BRGM historical files is
mineralisation. Mississippi Valley Type (MVT)
sedimentary mineralisation of
Pb-Zn-(Ag) where
mineralisation is similar to
the

Laisville (Sweden) style with
deposition within
siliciclastic horizons in a
reducing
environment.

On a regional scale, the Pb-Zn
mineral concentrations are
distributed at the edge of
the continental shelf which
was being eroded during Lower
Cretaceous
time.

Mineralisation is located
within the

Gamba Formation part of the NZ
eme
Asso Series and was deposited
during the Cretaceous as part
of the

Cocobeach Complex deposited
during formation of the

Cotier Basin.
Mineralisation is hosted by
conglomerates, sandstones and
siltstones deposited in

laguno-deltaic reducing
conditions at the boundary of
the

Cotier Basin onlapping continen
tal basement
rocks.

Large scale regional
structures are believed to
have influenced
mineralisation
deposition.

Drill A summary of all No drilling results reported.
hole information material to
Informa the understanding of the
tion exploration results
including a tabulation
of the following
information for all
Material drill
holes:

o easting and northing of
the drill hole
collar

o elevation or RL
(Reduced Level -
elevation above sea
level in metres) of the
drill hole
collar

o dip and azimuth of the
hole

o down hole length and
interception
depth

o hole length.
If the exclusion of this No drilling results reported.
information is justified
on the basis that the
information is not
Material and this
exclusion does not
detract from the
understanding of the
report, the Competent
Person should clearly
explain why this is the
case.

Data In reporting Exploration Zinc and lead assays are
aggrega Results, weighting discussed in the text as
tion averaging techniques, combined, assays are provided
methods maximum and/or minimum individually within Appendix
grade truncations A. No high grade cuts have
( been applied to the rock
eg cutting of high sample data
grades) and cut-off reported.
grades are usually
Material and should be
stated.

Where aggregate No drilling results reported.
intercepts incorporate
short lengths of high
grade results and longer
lengths of low grade
results, the procedure
used for such
aggregation should be
stated

and some typical examples
of such aggregations
should be shown in
detail.

The assumptions used for No metal equivalent values are
any reporting of metal used.
equivalent values should
be clearly
stated.

RelationThese relationships are No drilling results reported.
ship particularly important
between in the reporting of
mineral Exploration Results. If
isation the geometry of the
widths mineralisation with
and respect to the drill
interce hole angle is known, its
pt nature should be
lengths reported.

If it is not known and No drilling results reported.
only the down hole
lengths are reported,
there should be a clear
statement to this effect
(
eg down hole length,
true width not
known).

DiagramsAppropriate maps and Appropriate diagrams,
sections (with scales) including geological plans,
and tabulations of are included in the main body
intercepts should be of this
included for any release.
significant discovery
being reported These
should include, but not
be limited to a plan
view of drill hole
collar locations and
appropriate sectional
views.

BalancedWhere comprehensive All results are reported in
reporti reporting of all Appendix A of this
ng Exploration Results is release.
not practicable,
representative reporting
of both low and high
grades and/or widths
should be practiced to
avoid misleading
reporting of Exploration
Results.

Other Other exploration data, All meaningful and material
substan if meaningful and information is
tive material, should be reported.
explora reported including (but
tion not limited to):
data geological observations;
geophysical survey
results; geochemical
survey results; bulk
samples - size and
method of treatment;
metallurgical test
results; bulk density,
groundwater,
geotechnical and rock
characteristics;
potential deleterious or
contaminating
substances.

Further The nature and scale of Infill and extensional
work planned further work drilling at the
(
eg tests for lateral Dikaki Prospect.
extensions or depth Additional surface exploration
extensions or programs comprising soil
large-scale step-out surveying, geological
drilling). mapping, rock chip sampling
to further assess identified
prospects and to generate new
targets within the broader
project area.


Further drill testing of
multiple exploration targets
across the project area
following after ranking and
prioritisation.


Additional metallurgical test
work over all prospective
targets to assess recovery
characteristics, concentrate
quality, and
variability.

Diagrams clearly These diagrams are included in
highlighting the areas the main body of this
of possible extensions, release.
including the main
geological
interpretations and
future drilling areas,
provided this
information is not
commercially
sensitive.

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"High Grade Zinc-Lead Sampling Results at the Kroussou Project

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