The Kanowna Gold Project (“KGP”) is located 13km by sealed road north of Kalgoorlie in the Eastern Goldfields of Western Australia, adjacent to Northern Star Resources’ (ASX:NST) world-class Kanowna Belle gold operations which has produced more than 5.4Moz of gold since 1993 and currently runs at an annual production rate of approximately 150koz.

KGP, which covers a total landholding of 32km2 and contains more than 8km of prospective strike, is intersected by the Kanowna Shear Zone, a series of parallel shear zones bisecting the KGP from northwest to the southeast. Gold mineralisation at the nearby Kanowna Belle deposit is controlled by the Fitzroy Fault, an east-northeast trending splay off the Reward Shear, a regionally extensive NW-trending shear. The Company has now interpreted extensions of the Fitzroy Shear into the KGP in the vicinity of the Laguna Verde Prospect.

Kanowna Gold Project, targets on background aerial photo with RC holes (labelled) and aircore hole collars.

Several east-northeast trending splays and crosscutting structures have been identified along the Kanowna Shear within the KGP, with these structural zones associated with widespread pathfinder element (e.g. arsenic, antimony, bismuth, tellurium etc) anomalism and supergene gold identified from historical drilling.

The Phase 1 drilling program completed by Cosmo targeted:

• Widespread surficial and near-surface gold at WKL and Dugite (tested with four holes 24KGRC0001-0004)
• High-grade gold in historical drilling intersections at Don Álvaro (24KGRC0009); and Laguna Verde (24KGRC0007-0008)
• The association of gold anomalism with structures cutting the NE-trending Kanowna Shear which bisects the KGP from NW to SE (24KGRC0005-6)
• Largely untested structural zones identified by Cosmo’s technical team

The geochemical, geological / alteration and structural data from the Phase 1 drilling program is being evaluated by Cosmo’s technical team in support of identifying priority targets for future follow up exploration at KGP.