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Managing Director Zarazma Minerals Studies Company Operations Manager GEOSTATS PTY LTD has participated in the April 2020 Geostats Survey of International Laboratories S. Romero Ph: (+618) 9314 2566, Fax: (+618) 9314 3699 Certificate of Participation This is to certify that Mining Industry Consultants Reference Material Manufacture and Sales www.geostats.com.au 20 Hines Road, O'Connor WESTERN AUSTRALIA 6163 P.J. Hayes

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Page 1: zarazma.comzarazma.com/UserFile/Download/RR April 2020 - Zarazma Minerals S… · Managing Director Zarazma Minerals Studies Company Operations Manager GEOSTATS PTY LTD has participated

Managing Director

Zarazma Minerals Studies Company

Operations Manager

GEOSTATS PTY LTD

has participated in the April 2020

Geostats Survey of International Laboratories

S. Romero

Ph: (+618) 9314 2566, Fax: (+618) 9314 3699

Certificate of Participation

This is to certify that

Mining Industry Consultants

Reference Material Manufacture and Sales

www.geostats.com.au

20 Hines Road, O'Connor

WESTERN AUSTRALIA 6163

P.J. Hayes

Page 2: zarazma.comzarazma.com/UserFile/Download/RR April 2020 - Zarazma Minerals S… · Managing Director Zarazma Minerals Studies Company Operations Manager GEOSTATS PTY LTD has participated

Geostats Laboratory Survey

April 2020

Prepared for

Zarazma Minerals Studies Company

Confidential

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To the reader,

Kind regards,

Stuart Romero BSc, BEng

Operations Manager | Geostats Pty Ltd

20 Hines Road, O'Connor, Western Australia 6163, AustraliaPh: +618 9314 2566 | Email: [email protected] | Website: www.geostats.com.au

It is not the intent of this survey to provide marketing tools for the analytical industry. A

laboratory report is available which identifies only the laboratory or group requesting the

report. This allows the laboratory to assess their performance in relation to the rest of the

analytical industry. All the laboratories identified have taken advantage of this report and

included it as part of their ongoing quality control procedures. Participation in these

surveys is an indication of the laboratory's interest in quality and should be regarded as a

positive sign regardless of the outcome.

Many thanks to both the laboratories and the Mining Houses for their ongoing support of

this survey.

THIS IS A CONFIDENTIAL DOCUMENT BETWEEN GEOSTATS PTY LTD, CLIENT MINING

HOUSES AND CLIENT ANALYTICAL COMPANIES.

THIS DOCUMENT SHOULD NOT BE CIRCULATED OUTSIDE THE COMPANY WHOSE

NAME APPEARS ON THE COVER.

This survey of laboratories undertaken by Geostats is performed as a service to both the

Mining Industry and the Analytical Industry. It is envisaged that it can be used as a tool for

the maintenance of high standards in both industries.

The report to the Mining Houses identifies most commercial laboratories and should be

treated as confidential information. Some commercial facilities prefer to pay for the

inclusion of their sites and these are not identified to the Mining Houses. This report

should not be circulated outside of the Client Company or reproduced for the benefit of

other mining groups.

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Geostats Pty Ltd, O'Connor, Western Australia

Listing of Participating Laboratories for Round Robin - April 2020

Western Australia Kyrgyz Republic

ALSM KAL ALS Minerals - Kalgoorlie SAEL KYRGYZSTAN Stewart Assay and Environmental Laboratories LLC

ALSM METALLURGY Ammtec Laboratory Lao PDR

ALSM PERTH ALS Minerals - Perth ALSM LAOS ALS Minerals Vientiane (Laos)

AURUM BECK Aurum Laboratories Pty Ltd PHU BIA LAOS Phu Bia Mining Limited

BV ULTRA TRACE Ultra Trace Pty Ltd SEPON LAOS Lane Xang Minerals

GEKKO VICTORIA Gekko Assay Laboratory Malaysia

GOLDEN GROVE EMR Golden Grove SGMM SGMM Assay Laboratory

GRANNYS Granny Smith Gold Mine Laboratory Mali

INT GEN PER Genalysis Laboratory Services Pty Ltd SADIOLA MALI Sadiola Mine Site Laboratory

JINNING WA Jinning Testing and Inspection SGS BAMAKO SGS Minerals Services (Bamako)

KAL PER Kalassay Group (Perth Assay Laboratory) SGS LOULO SGS Loulo

KALGOORLIE AL Kalassay Group (Kalgoorlie Assay Laboratory) SGS MALI GCEX Analabs Morila Laboratory

LABWEST LabWest SGS SYAMA SGS Minerals Syama Laboratory

MINANALYTICAL MinAnalytical Mexico

MINANALYTICAL PA MinAnalytical PA ACTLABS MEXICO Actlabs Mexico SA de CV

NEWCREST TELFER Newcrest Mining Limited - Telfer Gold Mine Lab BV MINERALS MEX Inspectorate de México S.A. de C.V.

SAR LAB Standard & Reference Laboratories CUZCATLAN MEXICO Compañía Minera Cuzcatlán S. A. de C. V.

SGS KALG SGS Kalgoorlie MCEWEN MEXICO McEwen Mining Mexico

SGS NEWBURN SGS Newburn MULATOS SONORA Alamos Gold - Mulatos Mine

SGS TROPICANA SGS Tropicana PENASQUITO Goldcorp - Penasquito

New South Wales Mongolia

ALSM ORANGE ALS Minerals - Orange ALSM MONGOLIA ALS Group LLC

NEWCREST ORANGE Newcrest Laboratory Services Orange ALSM OY ALSM OY

SGS WEST WYALONG SGS West Wyalong Namibia

Northern Territory DUNDEE PMT Dundee Precious Metals Tsumeb

INT DARWIN Northern Territory Environmental Laboratories New Zealand

NEWMONT TANAMI Granites Gold Mine SGS NZ MACRAES SGS New Zealand, Macraes Laboratory

Queensland SGS NZ WAIHI SGS New Zealand, Minerals Laboratory

ALSM BRIS ALS Minerals - Brisbane Papua New Guinea

ALSM MT ISA ALS Minerals - Mt Isa INTERTEK HV Intertek Hidden Valley

ALSM TVL ALS Minerals - Townsville ITS K92 PNG ITS (PNG) Limited K92 Laboratory

CHEM LAB MIM Mount Isa Mines Analytical Laboratory ITS MOROBE ITS (PNG) Limited

EH MINE Ernest Henry Mine Laboratory LIHIR Lihir Gold - Minesite Laboratory

GEN TOWNSVILLE Genalysis Testing Services, Townsville OK TEDI Ok Tedi

HRLTESTING HRL Testing PORGERA Porgera Gold Mine Laboratory

SGS TOWNSVILLE SGS Townsville Peru

South Australia ALSM LIMA ALS Peru SA

BV ADL Bureau Veritas Minerals - Thebarton ENSAYOS PERU Ensayos Tecnicos Labmin SRL.

INT GEN ADEL Genalysis Laboratory Services - Adelaide INSPECTORATE PERU Inspectorate Services Peru SAC

Tasmania NEW PERU Minera Yanacocha SRL - Newmont Lab (Peru)

ALSM BURNIE Burnie Research Laboratory SGS LIMA SGS del Peru SAC

Argentina Philippines

ASA MENDOZA Alex Stewart International Argentina SA - Mendoza ITS PHILIPPINES Intertek Testing Services Philippines

ASA PERITO MORENO Alex Stewart International Argentina SA - Perito Moreno Romania

CERRO NEGRO Goldcorp - Cerro Negro ALSM ROMANIA ALS Romania

Brazil Russia

PARACATU MINE Kinross Brasil Mineração SA ALSM CHITA ALS Minerals - Chita

SGS LF BELO HOR SGS Geosol Laboratórios Ltda ALSM MOSCOW Stewart Geochemical and Assay Ltd

Bulgaria ALSM NATALKA ALS Minerals - Natalka

CHELOPECH MINE Chelopech Mine Laboratory IRGIREDMET RUSSIA IRGIREDMET JSC

Burkina Faso KUPOL MINE Kupol Mine

ALSM OUAGADOUGOU ALS Burkina SARL LAMS RC LAMS RC JSC KRAS

IAMGOLD BF IAMGOLD Essakane SA PAL JSC ALDAN PAL JSC ALDAN

SEMAFO Semafo Burkina Faso PAL JSC KRAS PAL JSC KRAS

SGS HOUNDE BF SGS Hounde PAL JSC VERNINSKOYE PAL JSC VERINSKOE

SGS OUAGADOUGOU SGS Burkina SA SGS CHITA SGS Chita

WESTAGO BF WESTAGO sarl SGS PAVLIK SGS Pavlik

Canada Saudi Arabia

ACME VAN Bureau Veritas Commodities Canada Ltd - Vancouver ALAMRI JEDDAH Al Amri Laboratory

ACTLABS CAN Activation Laboratories Ltd (Canada) ALSM JEDDAH ALS Minerals - Arabia

ACTLABS TB Activation Laboratories Ltd - Thunder Bay MAADEN SAUDI Maaden Gold and Base Metals Co

AGAT ONTARIO AGAT Laboratories - Mississauga MBCC JABAL SAYID MBCC Jabal Sayid Mine

AGAT TB AGAT Laboratories - Thunder Bay Senegal

ALSM QUEBEC ALS Minerals (Val d'Or) SGS MAKO SGS Mako

ALSM VAN ALS Minerals - Vancouver SGS SABODALA SGS Sabodala

BV ONTARIO Maxxam Analytics International Corporation South Africa

BVCC TIMM Bureau Veritas Commodities Canada Ltd - Timmins ALSM JOBURG ALS Minerals - Johannesburg

ELEONORE Goldcorp - Eleonore SCI SER Scientific Services Pty Ltd

HEMLO MINE Williams Operating Corporation SGS BARBERTON Performance Laboratories Barberton

KIRKLAND ONTARIO MAC Kirkland Lake Gold SGS RANDFONTEIN Performance Laboratories (PLR)

MCEWEN BLACK FOX McEwen Mining Black Fox SGS VAAL RIVER SGS Vaal River

MSALABS MSALABS SIBANYE BEATRIX Sibanyegold Beatrix Division

MUSSELWHITE Musselwhite Mine Laboratory SIBANYE CHARL Sibanyegold Analytical Laboratory Driefontein

NEWCREST RED CHRIS Newcrest Red Chris JV Sudan

NMAL TIMMINS Northern Mining Analytical Laboratory DAL SUDAN DAL Mining Services

SGS COCHRANE SGS Cochrane Turkey

SGS LAKEFIELD SGS Lakefield (Ontario) ACME KAYSERI Acme Analytical Laboratories Ltd - Kayseri Turkey

SGS VANCOUVER SGS Vancouver ACME TURKEY Acme Analytical Laboratories Ltd - Ankara Turkey

TSL SASKATCHEWAN TSL Laboratories ALSM TURKEY ALS Minerals - Turkey

Chile ANAGOLD TURK Anagold Madencilik San Ve Tic.A.S.

ALSM SANTIAGO ALS Minerals - Santiago CAYELI BAKIR TURKEY Cayeli Bakir Isletmeleri A.S.

BV COQUIMBO BV Mineral Chemical Analysis - Geoanalitica Coquimbo ENCON ANKARA Encon Laboratuvari A.S.

China ESAN ECZACIBASI Esan Eczacibasi Endustriyel Hammaddeler San. Ve Tic. A.S.

ALSM CHINA ALS Minerals - Guangzhou   (China) ESAN ECZACIBASI IST Esan Eczacibasi Endustriyel Hammaddeler San. Ve Tic. A.S. - Istanbul

ZIJIN TESTING CHINA Fujian Zijin Mining and Metallurgy Testing Technology Co., Ltd KOZAGOLD HIMMETDEDE Koza Gold Mine Himmetdede Laboratory

Cote d'Ivoire KOZAGOLD KAYMAZ Koza Gold Mine Kaymaz Laboratory

BV COTE Bureau Veritas Mineral Laboratories Cote d'Ivoire KOZAGOLD MASTRA Koza Gold Mine Mastra Laboratory

SGS AGBAOU CI SGS Côte d'Ivoire S.A. Agbaou KOZAGOLD TURKEY Koza Gold Mine Laboratory

SGS ITY CI SGS Côte d'Ivoire S.A. ITY MTA TURKEY MTA Genel Mudurlugu

Democratic Republic of Congo ONSA TURKEY Onsa Refinery

SGS LUBUMBASHI SGS Lubumbashi SGS TURKEY SGS Turkey

Dominican Republic TUMAD IVRINDI Tumad Ivrindi, Balıkesir Mine Site

PUEBLO VIEJO Pueblo Viejo Laboratorio TUMAD TURKEY Tumad Turkey

Eritrea United States of America

SGS BISHA SGS Bisha AALLABS American Assay Laboratories

Finland ACZ COLORADO ACZ Laboratories Inc

LABTIUM FIN Eurofins Labtium Oy ALSE HOUSTON ALS Houston

Ghana ALSM RENO ALS Minerals - Reno

ALSM GHANA ALS Minerals - Ghana BALD MOUNT Bald Mountain Mine Assay Lab

ITS GHANA Intertek Minerals Ltd (Ghana) CORTEZ MINE Cortez JV Mine Assay Lab

NEW AHAFO GHANA Ahafo Mine Site Laboratory FLORIN RENO Florin Analytical Services

PERSEUS GHANA Perseus Mining Limited FLSMIDTH USA FLSmidth Analytical Lab

SGS ITS AKYEM SGS ITS AKYEM FORT KNOX Fort Knox Assay Lab

SGS SOLUSERV SGS Soluserv Obuasi GOLDSTRIKE Barrick Analytical Laboratory

SGS TARKWA SGS Laboratories (Tarkwa) INSPECTORATE NEV Inspectorate America Corporation - Sparks

Guinea MCCLELLAND NEV McClelland Laboratories, Inc.

CASSIDY GOLD GUINEE Cassidy Gold Guinee SA NEW MET SER Newmont Metallurgical Services

Guyana NGM GC Newmont Mining Corporation - Carlin Assay Lab

MSA LABS GUYANA MSA Labs Guyana Inc. NGM LONE Newmont - Lone Tree Mine

India NGM TWIN CM Newmont - Twin Creek Mine

SHIVA INDIA Shiva Analyticals (India) Ltd PACE ANALYTICAL WY Inter-Mountain Laboratories

Indonesia ROUND MOUNT MINE Round Mountain Gold Assay Lab

GEOSERVICES IND PT Geoservices Ltd RTKC UTAH Rio Tinto Kennecott Copper

ITS GOSOWONG Gosowong Gold Project Lab SKYLINE ARIZONA DAY Skyline Assayers & Laboratories - Arizona - Day Shift

ITS INDO Intertek Testing Services, Jakarta SVL ANALYTICAL SVL Analytical, Inc.

ITS MARTABE Intertek Services - Martabe TURQ RIDGE MINE Turquoise Ridge JV Mine Assay Lab

ITS UTAMA Intertek Utama Services Manado Zambia

MIRAH KBK INDO KBK Mirah Site Laboratory AHK KITWE Alfred H Knight Zambia Ltd

MURO IMK INDO PT Indo Muro Kencana ALSM KANSANSHI ALS Minerals - Kansanshi

PT SUCOFINDO TIMIKA Sucofindo Timika Laboratory KANSANSHI ZAMBIA Kansanshi Mining PLC

WAY LINGGO PT Geoservices Ltd - Way Linggo LUMWANA MINE Lumwana Mine Site Lab

WETAR PT Geoservices Ltd - Wetar SGS KALULUSHI SGS Inspection Services Zambia

Iran Zimbabwe

NOVIN SHIMYAR Khadamate Shimyayee Novin Shimyar Co. ANTECH Antech Laboratories

ZARAZMA TEHRAN Zarazma Minerals Studies Company BINDURA ZIM Bindura Nickel Corporation Limited

Ireland FREDA ZIM Freda Rebecca Gold Mine

ALSM IRELAND Omac Laboratories - Ireland PERF ZIMBABWE Performance Laboratories Zimbabwe

BOLIDEN TARA Boliden Tara Mines

Kazakhstan Commercial Laboratory Laboratory that reported some results after the database was closed.

ALSM AKBAKAY ALS Minerals - Akbakay Minesite Laboratory

ALSM KAZAKHSTAN ALS Minerals - Kazakhstan Government Laboratory

KAZGIDROMED KAZ KazGidroMed LLC

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International Laboratory Round Robin Geostats Pty Ltd

April 2020 Survey Report

April 2020 Report Page i

REPORT ON LABORATORY SURVEY – April 2020

•   5 low level gold samples

•   6 gold and silver on carbon samples

•   10 geochemical base metal samples

A round robin to measure the accuracy of gold, silver, sulphur and base metal analyses from 207 laboratories

was conducted during April 2020. The results of this survey are a measure of the ability of a laboratory to

accurately analyse a pre-prepared pulp.

The ability of a laboratory to crush, split and prepare the sample without contamination is not measured by this

survey. Knowledge of sampling machinery and the ability to design efficient flow systems with in-built

homogeneity checks is required in order to develop confidence in the sample preparation.

The samples submitted to the laboratories consisted of:

•   10 gold samples

The base metal samples were analysed for copper, lead, zinc, nickel, arsenic, silver and cobalt. The method of

analysis for base metal samples was left to the discretion of the laboratory manager. However, the report

groups them into Total (typically 4 acid digest or fusion) and Partial (all others, mainly aqua regia) methods.

Maxxam Ontario performed Neutron Activation Analysis and these have been included in the Total digest

group. Methods are listed in the results page for the respective analyte.

•   6 ore-grade base metal samples

GOLD SAMPLES

GOLD AND SILVER ON CARBON SAMPLES

Three lots of gold samples were submitted to the laboratories, one lot for fire assay, one for aqua regia digest

(or similar) and one for low-level gold. Maxxam Canada performed Neutron Activation Analysis on all samples,

reporting a gold + 33 element analysis which has been included at the end of this report. Maxxam Ontario can

be contacted through Christine MacDermid at [email protected]

Six gold and silver on carbon samples were included in this survey, both loaded and barren. The method of

analysis for these samples was left up to the individual laboratories.

•   10 sulphur and carbon samples

Companies operating more than one laboratory have received extra filler samples, which are not used in the

calculations. The Geostats numbering system makes it extremely difficult for any comparison of results from

one laboratory to the next. This provides a level playing field for all laboratories, whether they are sole

operators or members of a large laboratory group.

We use a double entry system to build an accurate database. Two individuals enter all the data and when

complete these two files are cross-checked and the source data is consulted to rectify any errors. The mean

values used for calculations in this study are checked visually by preparing histograms. Outliers are removed

and the remaining population distributions are tested for normality. All outliers are checked back to the original

assay report for a third and final time.

GEOCHEM BASE METAL SAMPLES

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International Laboratory Round Robin Geostats Pty Ltd

April 2020 Survey Report

April 2020 Report Page ii

2. Bar chart for each element showing the sum of absolute standardised values divided by the count of

absolute standardised values.

ORE GRADE BASE METAL SAMPLES

f. maximum

g. error (95% Confidence Interval)

4. Run outlier macro to find obvious outlier values.

5. Generate 'Z' intervals for remaining data (from calculated mean).

6. Check that median and mean are similar to verify a normal distribution.

7. Standardise remaining values i.e. subtract the mean and divide by the standard deviation.

h. percentage error of mean (error as a percentage of the calculated mean).

3. Produce summary statistics and assay sheet.

e. minimum

2. Produce basic statistics on results, including:

a. count

Six ore-grade and/or concentrate samples are included in the survey. These are assayed primarily for copper,

lead, zinc, nickel, silver and sulphur. Other elements are reported but not in sufficient numbers for inclusion in

the report. These high-grade materials are analysed at the chemist’s discretion but almost always using ore-

grade techniques. Some use classical analyses while others use XRF or other methods. However, some of

these products have, for example, high lead but low copper and the method for copper analysis may be

inappropriate for low levels. Owing to this characteristic, only higher grade analyses are plotted in the related

charts.

1. A table showing values as reported from the laboratories. These are presented in columns according to their

respective sample identifiers, with each result's standardised Z value also displayed. Outliers are highlighted

and assigned a Z value of 3.00 or -3.00. General statistics are listed at the top of each table.

1. Double entry of all data and validation by cross-checking. Confirm any anomalous values.

b. mean

c. median

The results of the analyses are presented in three forms:

3. Bar chart for the mean of standardised values.

d. standard deviation

SULPHUR SAMPLES

RESULTS

All of the certified reference materials used in this survey are available for purchase.

Ten samples for sulphur and carbon analysis were prepared for the survey. These ten new samples are a good

mix of values with sulphur values up to 20.3% and carbon values up to 3.8%.

EXAMINATION OF RESULTS - METHODOLOGY

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International Laboratory Round Robin Geostats Pty Ltd

April 2020 Survey Report

April 2020 Report Page iii

10. Add absolute values from each laboratory in 'standardised values' calculations.

11. Divide result by count of results to calculate average absolute standard value for laboratory performance

on each element.

INTERPRETATION OF RESULTS

These charts show the mean of standardised values with negative values included. A direction of error or bias

can be interpreted from laboratories showing high values, negative or positive.

The 'Mean of Standardised Values' charts (blue in reports) indicate any bias shown by laboratories on a

particular element, but do not show any general error which might be plus and minus the mean. The 'Mean of

Absolute Standardised Values' charts (red in reports) indicate the general error but no bias.

12. Produce ‘Mean of Absolute Standardised Values’ Bar Charts.

CHARTS

SUMMARY STATISTICS AND ASSAY TABLES

MEAN OF STANDARDISED VALUES (BLUE CHARTS)

These tables are self-explanatory. The row titled 'error' refers to the margin of error expected at 95%

confidence. That is, the standard normal probability or 'Z' statistic representing 95% (1.96) is multiplied by the

standard deviation and the result is divided by the square root of the population. We can be 95% confident that

the true mean lies between mean minus error and mean plus error. The row titled '% error in mean' is simply

this margin of error expressed as a percentage of the calculated mean. Outliers are highlighted and not used

for calculations at the top of the tables.

STANDARDISED VALUES

These numbers are generated using the following formula. Reported value minus the mean, result of this

divided by the standard deviation. This creates a new distribution with mean '0' and standard deviation '1'.

Positive and negative numbers result from this calculation depending on whether the reported value is above

or below the mean. Laboratories reporting outliers are manually assigned 3.00 or -3.00 as these results have

been removed from automatic calculation. The higher the absolute number reported, the further the reported

assay is from the calculated mean.

MEAN OF ABSOLUTE STANDARDISED VALUES (RED CHARTS)

9. Produce 'Mean of Standardised Values' Bar Charts.

The bar representing each laboratory is the mean of the sum of the absolute standardised values reported on

all assays of the element in question. That is, the absolute sum of the rows in the Standardised Values Table

divided by the number of assays. These charts give a visual representation to the general error shown by the

particular laboratories. These charts do not show bias.

8. Add results from each laboratory in 'standardised values' calculations (positive and negative) and divide by

count.

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International Laboratory Round Robin Geostats Pty Ltd

April 2020 Survey Report

1A 1 Acid Digest AAS

2A 2 Acid Digest DIBK DIBK Extraction

3A 3 Acid Digest ES ICP - Emission Spectroscopy

4A 4 Acid Digest GRAV Gravimetric

5A 5 Acid Digest ICP Inductively Coupled Plasma - Unspecified

AD Acid Digest IR Infrared

AR Aqua Regia MS ICP - Mass Spectroscopy

CSA Carbon and Sulphur Analyser XRF

FA Fire Assay

FUS Fusion

GF Graphite Furnace

IH In House Method

LW Leachwell

MICR Microwave

NAA Neutron Activation Analysis

PP Pressed Powder

PR Pre-Roast

TITR Titration

April 2020 Report Page iv

The ore grade base metal material GBM914-14 was found to perform poorly, particularly for lead. The results

on this material do not contribute towards the error charts.

LEGEND FOR METHODS & READINGS

ADDITIONAL COMMENTS

Atomic Absorption Spectroscopy

X-Ray Fluorescence

METHODS READINGS

Bias is indicated in negative/positive column charts (blue charts).

The column charts show indications of error or direction of error - check the real data in the tables before

coming to any decision as to the significance of this error. Also pay attention to the grade of the standard

materials with regard to the laboratory level of detection. Some laboratories may report outliers due to the

limitations of their methodology.

BRIEFLY

General error is indicated in absolute column charts (red charts).

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CONTENTS

RESULTS OF ANALYSES PRESENTED AS TABLES AND PLOTS

GOLD SAMPLES Pages

Fire Assay Gold 1 & 2

Aqua Regia Digest Gold 3 & 4

Low Grade Gold 5 & 6

Au & Ag IN CARBON SAMPLES

Gold On Carbon 7 & 8

Silver On Carbon 9 & 10

BASE METAL SAMPLES

Silver (Total Digest) 11 & 12

Silver (Partial Digest) 13 & 14

Copper (Total Digest) 15 & 16

Copper (Partial Digest) 17 & 18

Lead (Total Digest) 19 & 20

Lead (Partial Digest) 21 & 22

Zinc (Total Digest) 23 & 24

Zinc (Partial Digest) 25 & 26

Nickel (Total Digest) 27 & 28

Nickel (Partial Digest) 29 & 30

Arsenic (Total Digest) 31 & 32

Arsenic (Partial Digest) 33 & 34

Cobalt (Total Digest) 35 & 36

Cobalt (Partial Digest) 37 & 38

ORE GRADE BASE METAL SAMPLES

Copper 39 & 40

Lead 41 & 42

Zinc 43 & 44

Nickel 45 & 46

Silver 47 & 48

Sulphur 49 & 50

SULPHUR SAMPLES

Sulphur 51 & 52

Carbon 53 & 54

OTHER

MAXXAM NAA Results 55

Laboratory Summary Report 56

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FA50 Gold Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference G320-1 G320-2 G320-3 G320-4 G320-5 G320-6 G320-7 G320-8 G320-9 G320-10

MEAN (ppm) 78.81 1.23 1.03 0.17 1.15 2.26 5.33 12.36 1.99 0.65

STDEV (ppm) 3.96 0.05 0.06 0.01 0.05 0.10 0.16 0.36 0.08 0.03

95% CI (ppm) 0.64 0.01 0.01 0.00 0.01 0.02 0.03 0.06 0.01 0.00

95% CI (%) 0.81% 0.69% 0.92% 1.46% 0.64% 0.70% 0.47% 0.46% 0.59% 0.73% 50 gram Fire Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 67.34 1.08 0.85 0.13 1.01 1.98 4.87 11.39 1.77 0.57

MEDIAN (ppm) 79.04 1.24 1.03 0.16 1.15 2.25 5.34 12.40 1.99 0.65

MAX (ppm) 88.80 1.39 1.18 0.20 1.28 2.55 5.70 13.32 2.19 0.74

IQR (ppm) 4.58 0.07 0.06 0.02 0.05 0.13 0.20 0.49 0.08 0.03

COUNT 148 159 165 140 163 169 154 157 162 162

Standard Reference G320-1 G320-2 G320-3 G320-4 G320-5 G320-6 G320-7 G320-8 G320-9 G320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 85.64 1.72 1.21 -0.46 0.99 -0.64 0.17 -0.08 1.15 0.06 2.22 -0.37 5.36 0.20 12.85 1.36 2.00 0.12 0.68 0.74 FA ES

COMLAB 75.10 -0.94 1.25 0.31 1.05 0.33 0.16 -0.63 1.14 -0.15 2.10 -1.51 5.19 -0.87 12.60 0.66 1.93 -0.80 0.64 -0.49 FA AAS

COMLAB 76.67 -0.54 1.20 -0.56 1.05 0.27 0.15 -0.83 1.16 0.17 2.27 0.12 5.47 0.89 12.99 1.74 1.91 -1.06 0.65 -0.13 FA AAS,GRAV

COMLAB 79.40 0.15 1.24 0.13 0.92 -1.77 0.15 -1.24 1.15 0.06 2.29 0.30 5.21 -0.74 12.70 0.94 2.07 1.04 0.63 -0.72 FA AAS,GRAV

COMLAB 80.50 0.43 1.25 0.31 1.04 0.17 0.16 -0.42 1.14 -0.15 2.28 0.21 5.33 0.01 13.00 1.77 1.99 -0.01 0.64 -0.46 FA AAS

COMLAB 80.70 0.48 1.22 -0.24 1.01 -0.32 0.20 2.32 1.15 0.06 2.22 -0.37 5.47 0.89 12.50 0.38 2.22 3.00 0.70 1.48 FA AAS

COMLAB 99.80 3.00 1.14 -1.72 1.00 -0.48 0.15 -1.10 1.11 -0.77 2.24 -0.18 5.58 1.58 13.32 2.66 2.14 1.96 0.63 -0.78 FA AAS

COMLAB 77.30 -0.38 1.20 -0.61 1.05 0.33 0.16 -0.42 1.16 0.27 2.40 1.35 5.49 1.01 12.61 0.69 2.05 0.78 0.66 0.19 FA AAS

COMLAB 77.45 -0.34 1.23 -0.06 1.07 0.65 0.15 -1.10 1.11 -0.77 2.24 -0.18 5.37 0.26 12.03 -0.92 2.00 0.12 0.65 -0.13 FA AAS

COMLAB 73.10 -1.44 1.16 -1.35 0.97 -0.96 0.12 -3.00 1.05 -2.03 2.07 -1.80 5.23 -0.62 12.05 -0.87 1.83 -2.12 0.58 -2.40 FA AAS

COMLAB 85.90 1.79 1.27 0.68 0.98 -0.80 0.16 -0.42 1.14 -0.15 2.33 0.68 5.60 1.70 12.55 0.52 2.07 1.04 0.65 -0.13 FA AAS

COMLAB 80.20 0.35 1.26 0.40 0.99 -0.67 0.16 -0.35 1.14 -0.25 2.25 -0.08 5.57 1.51 12.45 0.24 2.01 0.25 0.65 -0.26 FA AAS

COMLAB 71.25 -1.91 1.26 0.49 0.95 -1.28 0.17 0.27 1.11 -0.77 2.22 -0.37 5.17 -0.99 12.13 -0.64 1.96 -0.41 0.64 -0.46 FA AAS

COMLAB 78.80 0.00 1.24 0.13 1.04 0.17 0.18 0.95 1.15 0.06 2.23 -0.27 5.41 0.51 11.95 -1.14 2.04 0.65 0.67 0.51 FA AAS

COMLAB 76.90 -0.48 1.23 -0.06 1.00 -0.48 0.16 -0.42 1.14 -0.15 2.25 -0.08 5.25 -0.49 12.45 0.24 1.97 -0.28 0.63 -0.78 FA AAS

COMLAB 26.70 -3.00 1.22 -0.24 1.03 0.01 0.17 0.27 1.17 0.48 2.33 0.68 5.36 0.20 12.15 -0.59 1.95 -0.54 0.67 0.51 FA AAS

COMLAB 83.00 1.06 1.29 1.05 1.06 0.49 0.17 0.27 1.17 0.48 2.33 0.68 5.38 0.32 12.40 0.11 2.06 0.91 0.71 1.81 FA ICP

COMLAB 75.30 -0.89 1.22 -0.24 0.97 -0.96 0.16 -0.42 1.12 -0.57 2.31 0.49 5.22 -0.68 12.00 -1.01 1.96 -0.41 0.63 -0.78 FA AAS

COMLAB 73.20 -1.42 1.32 1.60 1.07 0.65 0.18 0.95 1.18 0.69 2.37 1.07 5.35 0.14 12.25 -0.31 1.96 -0.41 0.67 0.51 FA AAS

COMLAB 82.30 0.88 1.20 -0.61 0.97 -0.96 0.16 -0.42 1.14 -0.15 2.32 0.59 5.44 0.70 12.10 -0.73 2.07 1.04 0.66 0.19 FA AAS

COMLAB 76.10 -0.68 1.32 1.60 1.13 1.62 0.22 3.00 1.31 3.00 2.32 0.59 5.23 -0.62 12.25 -0.31 2.14 1.96 0.74 2.78 FA AAS,GRAV

COMLAB 70.30 -2.15 1.22 -0.24 1.03 0.01 0.15 -1.10 1.12 -0.57 2.37 1.07 5.05 -1.74 12.00 -1.01 1.94 -0.67 0.68 0.84 FA ES

COMLAB 74.80 -1.01 1.22 -0.24 1.02 -0.15 0.16 -0.42 1.14 -0.15 2.28 0.21 5.39 0.39 12.40 0.11 1.94 -0.67 0.62 -1.11 FA AAS

COMLAB 78.69 -0.03 1.27 0.68 1.06 0.49 0.16 -0.42 1.10 -0.98 2.44 1.73 5.32 -0.05 12.31 -0.14 2.01 0.25 0.67 0.51 FA AAS

COMLAB 78.80 0.00 1.20 -0.61 0.91 -1.93 0.17 0.27 1.10 -0.98 2.18 -0.75 5.45 0.76 12.40 0.11 2.01 0.25 0.66 0.19 FA AAS

COMLAB 80.70 0.48 1.18 -0.98 1.01 -0.32 0.16 -0.42 1.08 -1.40 2.30 0.40 5.45 0.76 12.05 -0.87 2.06 0.91 0.66 0.19 FA AAS

COMLAB 86.10 1.84 1.21 -0.43 nr nr 0.17 0.27 nr nr 2.33 0.68 5.14 -1.18 11.65 -1.98 1.97 -0.28 0.66 0.19 FA AAS

COMLAB 82.70 0.98 1.23 -0.06 1.04 0.17 0.18 0.95 1.14 -0.15 2.22 -0.37 5.38 0.32 12.20 -0.45 2.03 0.51 0.64 -0.46 FA AAS,GRAV

COMLAB 78.50 -0.08 1.21 -0.43 1.04 0.17 nr nr 1.19 0.90 2.19 -0.65 5.49 1.01 11.90 -1.28 2.09 1.30 0.64 -0.46 FA AAS

COMLAB 79.20 0.10 1.15 -1.53 1.01 -0.32 0.16 -0.42 1.15 0.06 2.17 -0.84 5.31 -0.11 11.95 -1.14 2.01 0.25 0.65 -0.13 FA AAS

COMLAB 77.40 -0.36 1.23 -0.06 1.10 1.14 0.19 1.64 1.17 0.48 2.32 0.59 5.17 -0.99 12.25 -0.31 1.98 -0.14 0.70 1.48 FA GRAV

COMLAB 71.20 -1.92 1.25 0.31 1.14 1.70 0.16 -0.69 1.17 0.48 2.38 1.16 5.41 0.51 12.05 -0.87 2.02 0.38 0.65 -0.07 FA AAS,GRAV

COMLAB 81.30 0.63 1.25 0.31 1.05 0.33 0.15 -1.10 1.16 0.27 2.35 0.87 5.51 1.14 12.40 0.11 1.98 -0.14 0.67 0.51 FA AAS

COMLAB 76.60 -0.56 nr nr 1.02 -0.15 0.16 -0.42 1.03 -2.45 2.23 -0.27 4.96 -2.31 12.10 -0.73 1.95 -0.54 0.56 -3.00 FA AAS

COMLAB 81.20 0.60 1.25 0.31 1.07 0.65 0.18 0.95 1.15 0.06 2.23 -0.27 5.31 -0.11 11.65 -1.98 2.04 0.65 0.61 -1.43 FA AAS

COMLAB 81.41 0.66 1.28 0.86 1.02 -0.15 0.12 -3.00 1.14 -0.15 2.46 1.92 5.34 0.07 12.51 0.41 2.05 0.78 0.63 -0.78 FA ICP

COMLAB 87.02 2.07 1.30 1.23 1.10 1.14 0.19 1.64 1.18 0.69 2.33 0.68 5.07 -1.62 11.66 -1.95 2.04 0.65 0.68 0.84 FA AAS

COMLAB 81.00 0.55 1.10 -2.45 0.96 -1.12 0.17 0.27 1.09 -1.19 2.12 -1.32 5.05 -1.74 12.40 0.11 1.95 -0.54 0.56 -3.00 FA

COMLAB 84.53 1.44 1.24 0.13 1.05 0.33 0.17 0.27 1.18 0.69 2.52 2.50 5.59 1.64 12.44 0.22 2.03 0.51 0.66 0.19 FA AAS,GRAV

COMLAB 74.90 -0.99 1.14 -1.74 1.00 -0.56 0.17 0.54 1.14 -0.23 2.23 -0.30 5.29 -0.23 12.20 -0.45 1.96 -0.47 0.65 -0.07 FA ES,GRAV

COMLAB 81.90 0.78 1.27 0.68 1.08 0.81 0.18 0.95 1.18 0.69 2.37 1.07 5.31 -0.11 12.60 0.66 2.00 0.12 0.69 1.16 FA AAS

COMLAB >5.00 ald 1.21 -0.43 1.00 -0.48 0.17 0.27 1.19 0.90 2.30 0.40 >5.00 ald >5.00 ald 2.00 0.12 0.68 0.84 FA AAS

COMLAB 77.72 -0.28 1.29 1.05 1.02 -0.15 0.18 0.95 1.10 -0.98 2.28 0.21 5.39 0.39 12.63 0.74 1.87 -1.59 0.67 0.51 FA AAS

COMLAB 78.90 0.02 1.13 -1.99 1.02 -0.22 0.16 -0.76 1.15 0.08 2.23 -0.24 5.43 0.62 11.80 -1.56 1.96 -0.41 0.67 0.42 FA AAS,GRAV

COMLAB 55.24 -3.00 1.36 2.30 1.07 0.59 0.20 1.98 1.19 0.90 2.59 3.00 6.46 3.00 12.76 1.11 2.10 1.37 0.67 0.61 NAA

COMLAB 82.10 0.83 1.25 0.31 1.01 -0.32 0.16 -0.28 1.13 -0.36 2.21 -0.46 5.43 0.64 12.20 -0.45 1.93 -0.80 0.64 -0.56 FA ES

COMLAB 86.60 1.97 1.25 0.35 1.05 0.35 0.17 0.06 1.17 0.52 2.32 0.56 5.23 -0.60 12.80 1.22 2.04 0.58 0.66 0.06 FA AAS,GRAV

COMLAB >10.00 ald 0.96 -3.00 0.59 -3.00 0.15 -1.24 1.15 0.15 2.18 -0.80 5.54 1.33 >10.00 ald 1.95 -0.53 0.65 -0.10 FA AAS,GRAV

COMLAB 74.20 -1.16 1.25 0.37 1.03 0.01 0.15 -0.97 1.15 0.06 2.28 0.18 5.41 0.51 12.30 -0.17 2.01 0.22 0.65 -0.13 FA AAS,GRAV

COMLAB 78.40 -0.10 1.24 0.13 1.10 1.14 0.16 -0.42 1.17 0.48 2.22 -0.37 5.33 0.01 12.20 -0.45 2.08 1.17 0.66 0.19 FA AAS

COMLAB 80.50 0.43 1.25 0.31 1.08 0.81 0.18 0.95 1.19 0.90 2.26 0.02 5.35 0.14 12.60 0.66 2.04 0.65 0.68 0.84 FA AAS

COMLAB nr nr 1.27 0.68 1.00 -0.48 0.18 0.95 1.18 0.69 2.26 0.02 5.44 0.70 12.08 -0.78 2.04 0.65 0.66 0.19 FA AAS

COMLAB 79.80 0.25 0.65 -3.00 0.50 -3.00 0.40 3.00 0.65 -3.00 1.60 -3.00 6.20 3.00 10.70 -3.00 1.50 -3.00 0.55 -3.00 FA

COMLAB 0.71 -3.00 5.12 3.00 0.06 -3.00 1.67 3.00 0.21 -3.00 2.15 -1.03 0.09 -3.00 0.34 -3.00 0.12 -3.00 4.36 3.00 AR MS

COMLAB 35.82 -3.00 1.19 -0.80 0.70 -3.00 0.16 -0.42 1.08 -1.40 2.47 2.02 5.28 -0.30 12.25 -0.31 2.14 1.96 0.68 0.84 FA AAS

COMLAB 82.43 0.91 1.08 -2.82 0.92 -1.77 bld bld 1.15 0.06 2.32 0.59 5.23 -0.62 12.64 0.77 1.98 -0.14 0.64 -0.46 FA GRAV

COMLAB 85.27 1.63 1.27 0.68 1.08 0.81 0.22 3.00 1.20 1.11 2.22 -0.37 5.31 -0.11 12.64 0.77 1.98 -0.14 0.70 1.48 FA AAS,GRAV

COMLAB 65.55 -3.00 1.24 0.13 1.09 0.98 0.16 -0.42 1.12 -0.57 2.13 -1.23 5.15 -1.12 11.75 -1.70 1.96 -0.41 0.63 -0.78 FA AAS

COMLAB 79.77 0.24 1.20 -0.61 1.03 0.01 0.14 -1.79 1.15 0.06 2.37 1.07 5.29 -0.24 12.93 1.58 1.97 -0.28 0.66 0.19 FA AAS

COMLAB 76.94 -0.47 1.26 0.40 1.05 0.38 0.15 -0.83 1.13 -0.36 2.21 -0.49 5.40 0.46 12.42 0.16 1.99 0.03 0.69 1.26 FA ES

COMLAB 77.74 -0.27 1.30 1.16 1.00 -0.41 0.17 0.06 1.13 -0.46 2.23 -0.28 5.43 0.62 11.85 -1.42 1.92 -0.95 0.58 -2.50 FA ES

COMLAB 85.59 1.71 1.20 -0.61 1.03 0.01 0.19 1.64 1.15 0.06 2.42 1.54 5.04 -1.81 11.98 -1.06 1.95 -0.54 0.65 -0.13 FA AAS

COMLAB >50.00 ald 1.30 1.23 1.06 0.49 0.17 -0.01 1.25 2.15 2.55 2.78 5.49 1.01 12.30 -0.17 2.11 1.57 0.72 2.00 FA AAS

COMLAB 88.80 2.52 1.42 3.00 1.10 1.14 0.25 3.00 1.35 3.00 2.52 2.50 5.89 3.00 13.00 1.77 2.19 2.62 0.74 2.78 FA AAS

COMLAB 82.23 0.86 1.39 2.87 1.10 1.17 0.21 3.00 1.27 2.65 2.33 0.65 5.31 -0.14 11.21 -3.00 2.26 3.00 0.82 3.00 FA AAS

COMLAB 78.80 0.00 1.24 0.13 1.03 0.01 0.14 -1.79 1.15 0.06 2.25 -0.08 5.13 -1.24 12.19 -0.48 2.03 0.51 0.65 -0.13 FA AAS

COMLAB 74.25 -1.15 1.24 0.13 1.06 0.49 0.16 -0.42 1.16 0.27 2.24 -0.18 5.13 -1.24 12.48 0.33 1.96 -0.41 0.67 0.51 FA ES

COMLAB 79.54 0.18 1.27 0.68 1.02 -0.15 0.16 -0.42 1.11 -0.77 2.27 0.11 5.50 1.08 12.05 -0.87 1.95 -0.54 0.63 -0.78 FA ES

COMLAB 80.17 0.34 1.29 1.05 1.17 2.27 0.18 0.95 1.21 1.32 2.25 -0.08 5.57 1.51 13.50 3.00 2.03 0.51 0.68 0.84 FA ES

COMLAB 73.10 -1.44 1.18 -0.98 1.02 -0.15 0.16 -0.42 1.13 -0.36 2.25 -0.08 5.29 -0.24 12.40 0.11 2.01 0.25 0.68 0.84 FA AAS

COMLAB 82.80 1.01 1.28 0.85 1.01 -0.27 0.16 -0.76 1.12 -0.59 2.30 0.41 5.41 0.48 12.43 0.18 2.03 0.55 0.66 0.22 FA AAS

COMLAB 79.38 0.14 1.21 -0.43 0.99 -0.64 0.15 -1.10 1.10 -0.98 2.20 -0.56 5.32 -0.05 12.29 -0.20 2.03 0.51 0.67 0.51 IH

COMLAB 76.35 -0.62 1.27 0.68 1.08 0.81 0.17 0.27 1.15 0.06 2.28 0.21 5.54 1.33 12.68 0.88 2.07 1.04 0.67 0.51 FA AAS,GRAV

COMLAB 78.72 -0.02 1.27 0.68 1.08 0.81 0.16 -0.42 1.17 0.48 2.19 -0.65 5.44 0.70 12.61 0.69 2.01 0.25 0.68 0.84 FA AAS,GRAV

COMLAB 80.79 0.50 1.35 2.15 0.94 -1.45 0.18 0.95 1.25 2.15 2.30 0.40 5.81 3.00 13.07 1.97 2.08 1.17 0.67 0.51 FA AAS

COMLAB 94.20 3.00 1.31 1.42 1.16 2.11 0.23 3.00 1.14 -0.15 2.28 0.21 5.70 2.33 12.70 0.94 1.99 -0.01 0.66 0.19 FA AAS

COMLAB 76.50 -0.58 1.26 0.49 1.12 1.46 <0.20 bld 1.16 0.27 2.20 -0.56 5.30 -0.18 12.30 -0.17 2.00 0.12 0.62 -1.11 FA GRAV

COMLAB >50.00 ald 1.15 -1.53 0.94 -1.45 0.16 -0.42 1.17 0.48 2.22 -0.37 5.40 0.45 12.23 -0.37 1.99 -0.01 0.60 -1.75 FA AAS

COMLAB 64.92 -3.00 1.41 3.00 0.97 -0.96 0.18 0.95 1.16 0.27 2.26 0.02 5.14 -1.18 11.78 -1.62 1.98 -0.14 0.65 -0.13 FA ICP

COMLAB 79.50 0.17 1.22 -0.24 0.97 -0.96 0.17 0.27 1.14 -0.15 2.41 1.45 5.27 -0.37 12.71 0.97 2.01 0.25 0.65 -0.13 FA AAS

COMLAB 62.76 -3.00 1.20 -0.61 0.93 -1.61 0.16 -0.42 1.05 -2.03 2.34 0.78 5.07 -1.62 12.82 1.27 1.77 -2.91 0.64 -0.46 FA GRAV

COMLAB 84.82 1.52 1.24 0.13 1.10 1.14 0.14 -1.79 1.13 -0.36 2.34 0.78 5.48 0.95 12.54 0.49 2.00 0.12 0.66 0.19 FA AAS

COMLAB >10.00 ald 1.24 0.13 1.00 -0.48 0.15 -1.10 1.15 0.06 2.29 0.30 5.24 -0.55 12.11 -0.70 2.01 0.25 0.58 -2.40 FA

COMLAB 80.10 0.32 1.18 -0.98 1.03 0.01 0.15 -1.10 1.13 -0.36 2.42 1.54 5.42 0.57 12.80 1.22 1.99 -0.01 0.63 -0.78 FA AAS

COMLAB 73.85 -1.25 1.18 -0.98 0.92 -1.77 0.15 -1.10 1.12 -0.57 2.26 0.02 5.29 -0.24 12.34 -0.06 1.97 -0.28 0.65 -0.13 FA,PR AAS

COMLAB 79.94 0.28 1.20 -0.61 1.03 0.01 0.15 -1.10 1.13 -0.36 2.47 2.02 5.20 -0.80 12.56 0.55 1.94 -0.67 0.63 -0.78 FA AAS

COMLAB 79.97 0.29 1.25 0.31 1.02 -0.17 0.16 -0.35 1.15 0.06 2.35 0.91 5.25 -0.47 12.85 1.36 1.96 -0.39 0.67 0.55 FA AAS

COMLAB 70.90 -2.00 1.17 -1.16 1.02 -0.15 0.16 -0.42 1.08 -1.40 2.17 -0.84 4.91 -2.62 11.20 -3.00 1.81 -2.38 0.61 -1.43 FA AAS

COMLAB 75.80 -0.76 1.29 1.05 1.07 0.65 nr nr 1.24 1.94 2.37 1.07 5.34 0.07 13.10 2.05 2.12 1.70 0.70 1.48 FA AAS

COMLAB 74.20 -1.16 1.17 -1.16 1.02 -0.15 0.16 -0.42 1.12 -0.57 2.08 -1.70 5.60 1.70 12.60 0.66 1.96 -0.41 0.63 -0.78 FA AAS

COMLAB 78.00 -0.21 1.20 -0.61 0.95 -1.28 0.19 1.64 1.12 -0.57 2.17 -0.84 5.27 -0.37 12.10 -0.73 2.17 2.35 0.66 0.19 FA AAS

COMLAB 73.69 -1.29 1.25 0.31 1.06 0.49 0.16 -0.42 1.16 0.27 2.15 -1.03 5.27 -0.37 12.17 -0.53 1.85 -1.85 0.63 -0.78 FA AAS,GRAV

COMLAB 77.58 -0.31 12.00 3.00 1.03 0.01 0.17 0.27 1.13 -0.36 2.17 -0.84 5.30 -0.18 1.27 -3.00 1.94 -0.67 0.68 0.84 FA AAS

COMLAB 82.00 0.80 1.21 -0.43 1.02 -0.15 0.16 -0.42 1.16 0.27 2.20 -0.56 5.33 0.01 12.80 1.22 2.05 0.78 0.68 0.84 FA AAS

COMLAB 79.05 0.06 1.14 -1.72 0.97 -0.96 0.18 0.95 1.07 -1.61 2.40 1.35 5.04 -1.81 12.78 1.16 2.16 2.22 0.62 -1.11 FA AAS

COMLAB 79.20 0.10 1.22 -0.22 0.91 -1.86 0.15 -1.45 1.08 -1.40 2.16 -0.92 5.25 -0.49 11.70 -1.84 1.92 -0.88 0.62 -1.07 FA AAS

COMLAB 78.07 -0.19 1.03 -3.00 0.97 -0.96 0.18 0.95 1.01 -2.87 2.17 -0.84 5.38 0.32 12.95 1.63 1.86 -1.72 0.62 -1.11 FA AAS

COMLAB 80.42 0.41 1.13 -1.90 0.97 -0.96 0.15 -1.10 1.11 -0.77 2.11 -1.42 5.34 0.07 12.20 -0.45 2.01 0.25 0.63 -0.78 FA ES

COMLAB 71.10 -1.95 1.19 -0.80 1.00 -0.48 0.16 -0.42 1.09 -1.19 2.08 -1.70 5.15 -1.12 12.10 -0.73 1.89 -1.33 0.65 -0.13 FA AAS

COMLAB 83.84 1.27 1.33 1.79 1.16 2.11 0.18 0.95 1.24 1.94 2.32 0.59 5.48 0.95 12.53 0.47 2.03 0.51 0.71 1.81 FA AAS

COMLAB 77.90 -0.23 1.13 -1.83 0.77 -3.00 0.15 -1.04 1.09 -1.23 2.12 -1.32 4.76 -3.00 11.80 -1.56 1.86 -1.72 0.62 -0.98 FA AAS,GRAV

COMLAB 75.60 -0.81 1.22 -0.24 1.03 0.01 0.16 -0.35 1.15 0.06 2.17 -0.84 5.34 0.07 12.87 1.41 1.95 -0.54 0.66 0.32 FA AAS

COMLAB 48.23 -3.00 1.30 1.23 1.03 0.01 0.24 3.00 1.13 -0.36 2.22 -0.37 5.26 -0.43 12.48 0.33 1.97 -0.28 0.62 -1.11 FA AAS

COMLAB 78.86 0.01 1.24 0.16 1.02 -0.09 0.17 0.20 1.16 0.19 2.24 -0.16 5.31 -0.11 11.49 -2.42 2.11 1.59 0.67 0.42 FA AAS,GRAV

MINELAB 77.50 -0.33 1.26 0.49 0.99 -0.64 0.16 -0.42 1.18 0.69 2.32 0.59 5.56 1.45 12.50 0.38 2.11 1.57 0.64 -0.46 FA AAS

MINELAB 81.86 0.77 1.27 0.68 1.01 -0.32 0.18 0.95 1.15 0.06 2.20 -0.56 5.14 -1.18 12.51 0.41 1.95 -0.54 0.67 0.51 FA AAS,GRAV

MINELAB 78.10 -0.18 1.28 0.86 1.09 0.98 0.20 2.32 1.22 1.53 2.38 1.16 5.70 2.33 12.40 0.11 2.00 0.12 0.68 0.84 FA AAS

MINELAB 60.50 -3.00 1.20 -0.61 1.06 0.49 0.17 0.27 1.11 -0.77 2.34 0.78 4.01 -3.00 11.05 -3.00 1.98 -0.14 0.66 0.19 FA AAS

MINELAB 83.70 1.23 1.25 0.31 1.05 0.33 0.18 0.95 1.16 0.27 2.22 -0.37 5.24 -0.55 12.30 -0.17 2.01 0.25 0.66 0.19 FA AAS

MINELAB 80.42 0.41 1.23 -0.06 1.03 0.01 0.20 2.32 1.16 0.27 2.30 0.40 5.37 0.26 12.51 0.41 2.03 0.51 0.71 1.81 FA AAS

MINELAB 79.81 0.25 1.28 0.86 1.08 0.81 0.12 -3.00 1.18 0.69 2.25 -0.08 5.27 -0.37 12.26 -0.28 2.03 0.51 0.66 0.19 FA GRAV

MINELAB 77.20 -0.41 1.29 1.05 1.03 0.01 0.25 3.00 1.15 0.06 2.31 0.49 5.23 -0.62 12.30 -0.17 2.02 0.38 0.69 1.16 FA GRAV

MINELAB 79.39 0.15 1.22 -0.24 0.91 -1.93 0.14 -1.79 1.13 -0.36 2.17 -0.84 5.50 1.08 12.65 0.80 2.10 1.43 0.65 -0.13 FA AAS

MINELAB 73.81 -1.26 1.18 -1.02 0.97 -0.98 0.15 -1.40 1.08 -1.40 2.20 -0.60 5.19 -0.86 11.11 -3.00 1.85 -1.83 0.63 -0.92 FA AAS

MINELAB 78.29 -0.13 1.31 1.42 1.10 1.14 0.22 3.00 1.20 1.11 2.35 0.87 5.11 -1.37 12.87 1.41 2.03 0.51 0.69 1.16 FA AAS

MINELAB 77.55 -0.32 1.30 1.29 1.17 2.20 0.48 3.00 1.30 3.00 2.54 2.66 5.42 0.56 12.41 0.14 2.13 1.78 0.62 -1.20 FA GRAV

MINELAB 79.59 0.20 1.24 0.13 0.99 -0.64 0.16 -0.42 1.10 -0.98 2.27 0.11 5.36 0.20 12.58 0.61 1.96 -0.41 0.64 -0.46 FA AAS

MINELAB 78.83 0.00 1.23 -0.06 0.90 -2.09 0.16 -0.42 1.14 -0.15 2.24 -0.18 5.32 -0.05 12.23 -0.37 1.97 -0.28 0.64 -0.46 FA AAS,GRAV

MINELAB 76.49 -0.59 1.23 -0.06 1.13 1.62 0.27 3.00 1.17 0.48 2.30 0.40 5.42 0.57 12.24 -0.34 2.06 0.91 0.75 3.00 FA GRAV

MINELAB 82.44 0.92 1.22 -0.24 1.05 0.33 0.15 -1.10 1.18 0.69 2.26 0.02 5.52 1.20 12.52 0.44 2.03 0.51 0.65 -0.13 FA

MINELAB 75.61 -0.81 1.26 0.49 1.05 0.33 0.18 0.95 1.16 0.27 2.22 -0.37 5.22 -0.68 12.35 -0.03 1.96 -0.41 0.68 0.84 FA AAS,GRAV

MINELAB 79.36 0.14 1.24 0.13 1.08 0.81 0.57 3.00 1.18 0.69 2.19 -0.65 5.32 -0.05 12.79 1.19 1.98 -0.14 0.72 2.13 FA GRAV

MINELAB 76.29 -0.64 1.16 -1.35 0.87 -2.58 0.16 -0.42 1.15 0.06 2.19 -0.65 5.10 -1.43 12.28 -0.23 1.96 -0.41 0.63 -0.78 FA AAS

MINELAB 76.81 -0.51 1.13 -1.90 0.90 -2.09 0.16 -0.42 0.99 -3.00 1.98 -2.66 4.84 -3.00 11.39 -2.70 1.76 -3.00 0.58 -2.40 FA ES

MINELAB 59.09 -3.00 1.23 -0.06 1.05 0.33 0.17 0.27 1.02 -2.66 2.04 -2.08 4.35 -3.00 12.95 1.63 1.80 -2.51 0.61 -1.43 FA AAS

MINELAB 83.85 1.27 1.26 0.49 1.01 -0.32 0.14 -1.79 1.14 -0.15 2.15 -1.03 5.14 -1.18 12.23 -0.37 1.94 -0.67 0.64 -0.46 FA AAS

MINELAB 75.26 -0.90 1.20 -0.61 1.01 -0.32 0.16 -0.42 1.08 -1.40 2.09 -1.61 5.35 0.14 11.87 -1.37 1.84 -1.98 0.62 -1.11 FA AAS

MINELAB 60.52 -3.00 1.34 2.02 1.18 2.48 0.18 0.81 1.28 2.76 2.42 1.55 5.91 3.00 13.89 3.00 2.23 3.00 0.73 2.58 FA AAS

MINELAB 82.12 0.83 1.40 3.00 1.00 -0.48 0.30 3.00 1.24 1.94 2.42 1.54 4.95 -2.37 12.16 -0.56 2.41 3.00 0.84 3.00 FA AAS

MINELAB 96.12 3.00 1.24 0.13 1.07 0.65 0.20 2.32 1.17 0.48 2.26 0.02 5.45 0.76 12.46 0.27 2.02 0.38 0.67 0.51 FA AAS

MINELAB 87.34 2.15 1.20 -0.61 1.06 0.49 0.20 2.32 1.13 -0.36 2.30 0.40 5.58 1.58 13.13 2.13 1.99 -0.01 0.72 2.13 FA AAS

MINELAB 78.50 -0.08 1.22 -0.24 1.03 0.01 0.16 -0.42 1.11 -0.77 2.23 -0.27 5.22 -0.68 12.40 0.11 2.06 0.91 0.66 0.19 FA AAS

MINELAB 102.86 3.00 1.22 -0.24 1.05 0.33 0.27 3.00 1.12 -0.57 2.29 0.30 6.00 3.00 12.30 -0.17 2.05 0.78 0.68 0.84 FA AAS

MINELAB nr nr 1.27 0.68 1.05 0.33 0.60 3.00 1.17 0.48 2.25 -0.08 5.35 0.14 nr nr 1.98 -0.14 0.65 -0.13 FA AAS

MINELAB 77.43 -0.35 1.03 -3.00 0.94 -1.45 0.18 0.95 1.11 -0.77 2.15 -1.03 6.11 3.00 12.87 1.41 1.94 -0.67 0.67 0.51 FA AAS

MINELAB 80.64 0.46 1.16 -1.35 1.06 0.49 <0.10 -3.00 1.12 -0.57 2.20 -0.56 5.40 0.45 12.30 -0.17 1.96 -0.41 0.64 -0.46 FA GRAV

MINELAB 77.11 -0.43 1.33 1.79 1.12 1.46 0.21 3.00 1.22 1.53 2.34 0.78 5.47 0.89 12.07 -0.81 2.02 0.38 0.69 1.16 FA AAS

MINELAB 73.44 -1.36 1.19 -0.80 0.96 -1.12 0.17 0.27 1.04 -2.24 2.12 -1.32 4.60 -3.00 11.11 -3.00 1.88 -1.46 0.64 -0.46 FA AAS,GRAV

MINELAB 80.77 0.49 1.20 -0.61 1.05 0.33 0.16 -0.42 1.09 -1.19 2.25 -0.08 5.47 0.89 12.68 0.88 1.95 -0.54 0.61 -1.43 FA AAS

MINELAB 86.15 1.85 1.24 0.13 1.05 0.33 0.19 1.64 1.14 -0.15 2.19 -0.65 4.84 -3.00 12.10 -0.73 1.94 -0.67 0.67 0.51 AR AAS

MINELAB 83.96 1.30 1.42 3.00 1.16 2.11 0.26 3.00 1.33 3.00 2.28 0.21 5.36 0.20 12.47 0.30 2.04 0.65 0.73 2.45 AAS

MINELAB 85.06 1.58 1.22 -0.24 0.98 -0.80 0.17 0.27 1.15 0.06 2.18 -0.75 5.20 -0.80 12.20 -0.45 1.94 -0.67 0.65 -0.13 FA AAS

MINELAB 72.31 -1.64 1.26 0.49 1.08 0.81 0.16 -0.42 1.21 1.32 2.28 0.21 5.37 0.26 12.30 -0.17 1.96 -0.41 0.68 0.84 FA AAS

MINELAB 79.03 0.05 1.21 -0.43 1.02 -0.15 0.19 1.64 1.07 -1.61 2.13 -1.23 5.28 -0.30 11.71 -1.81 1.86 -1.72 0.64 -0.46 FA AAS

MINELAB 76.40 -0.61 1.30 1.23 0.90 -2.09 <0.50 bld 1.40 3.00 2.40 1.35 5.50 1.08 12.50 0.38 2.10 1.43 0.80 3.00 FA GRAV

MINELAB 79.70 0.22 1.16 -1.35 1.03 0.01 0.22 3.00 1.14 -0.15 2.17 -0.84 5.46 0.82 12.50 0.38 2.00 0.12 0.64 -0.46 FA AAS

MINELAB 86.70 1.99 1.12 -2.09 0.99 -0.64 0.16 -0.42 1.17 0.48 2.25 -0.08 5.59 1.64 12.70 0.94 2.05 0.78 0.66 0.19 FA

MINELAB 76.38 -0.61 1.19 -0.80 1.01 -0.32 0.17 0.27 1.17 0.48 2.25 -0.08 5.68 2.20 12.47 0.30 2.02 0.38 0.65 -0.13 FA AAS

MINELAB 71.83 -1.76 1.24 0.13 1.05 0.33 0.16 -0.42 1.16 0.27 2.18 -0.75 4.87 -2.87 11.82 -1.51 1.90 -1.20 0.66 0.19 FA AAS

MINELAB 68.22 -2.67 1.26 0.49 1.12 1.46 0.26 3.00 1.27 2.57 2.27 0.11 4.44 -3.00 7.77 -3.00 1.90 -1.20 0.84 3.00

MINELAB 71.71 -1.79 1.23 -0.06 1.04 0.17 0.15 -1.10 1.13 -0.36 2.19 -0.65 5.40 0.45 11.90 -1.28 nr nr 0.60 -1.75 FA ES

MINELAB 79.49 0.17 1.23 -0.06 0.94 -1.45 0.18 0.95 1.16 0.27 2.37 1.07 5.29 -0.24 12.43 0.19 1.99 -0.01 0.65 -0.13 FA AAS

MINELAB 82.66 0.97 1.21 -0.43 1.01 -0.30 0.15 -1.24 1.14 -0.25 2.31 0.45 5.37 0.28 12.50 0.38 1.98 -0.12 0.64 -0.36 FA AAS

MINELAB 73.50 -1.34 1.10 -2.45 0.85 -2.90 0.16 -0.42 1.11 -0.77 2.09 -1.61 5.15 -1.12 12.00 -1.01 1.82 -2.25 0.64 -0.46 FA AAS

MINELAB 87.28 2.14 1.15 -1.53 0.94 -1.45 0.18 0.95 1.11 -0.77 2.00 -2.47 5.37 0.26 12.66 0.83 1.85 -1.85 0.63 -0.78 FA AAS,GRAV

MINELAB 67.34 -2.90 1.40 3.00 1.02 -0.15 0.18 0.95 1.20 1.11 2.32 0.59 3.52 -3.00 11.62 -2.06 2.00 0.12 0.65 -0.13 FA

MINELAB 73.65 -1.30 1.33 1.79 1.13 1.62 0.20 2.32 1.24 1.94 2.32 0.59 5.81 3.00 12.97 1.69 2.05 0.78 0.72 2.13 FA AAS

MINELAB 79.40 0.15 1.12 -2.09 1.11 1.30 <0.20 bld 1.20 1.11 2.33 0.68 5.30 -0.18 12.50 0.38 2.17 2.35 0.57 -2.72 FA GRAV

MINELAB 75.80 -0.76 1.29 1.05 1.07 0.65 0.17 0.27 1.20 1.11 2.24 -0.18 5.32 -0.05 12.40 0.11 2.04 0.65 0.70 1.48 FA GRAV

MINELAB 82.39 0.90 1.28 0.86 1.18 2.43 0.22 3.00 1.22 1.53 2.07 -1.80 5.06 -1.68 12.23 -0.37 2.00 0.12 0.60 -1.75 FA AAS,GRAV

MINELAB 74.10 -1.19 1.29 1.05 1.00 -0.48 0.23 3.00 1.06 -1.82 2.18 -0.75 10.20 3.00 5.10 -3.00 1.92 -0.93 0.63 -0.78 FA AAS

MINELAB 59.40 -3.00 1.23 -0.06 0.97 -0.96 0.16 -0.42 1.15 0.06 2.35 0.87 5.30 -0.18 11.97 -1.09 1.99 -0.01 0.66 0.19 FA AAS

MINELAB 79.56 0.19 1.20 -0.68 1.00 -0.46 0.17 0.40 1.14 -0.23 2.21 -0.44 5.22 -0.65 12.96 1.66 1.88 -1.51 0.65 -0.10 FA AAS

MINELAB 77.10 -0.43 1.24 0.13 1.04 0.17 0.18 0.95 1.14 -0.15 2.22 -0.37 5.12 -1.31 12.20 -0.45 1.99 -0.01 0.66 0.19 FA AAS

MINELAB 80.88 0.52 1.17 -1.16 1.01 -0.32 0.15 -1.10 1.20 1.11 2.09 -1.61 5.34 0.07 12.08 -0.78 1.98 -0.14 0.66 0.19 FA AAS

MINELAB 80.68 0.47 1.21 -0.43 1.06 0.49 0.17 0.27 1.20 1.11 2.20 -0.56 5.37 0.26 12.36 -0.01 1.99 -0.01 0.63 -0.78 FA

MINELAB 77.10 -0.43 1.23 -0.06 1.05 0.33 0.17 0.27 1.14 -0.15 2.17 -0.84 5.28 -0.30 11.90 -1.28 1.97 -0.28 0.65 -0.13 FA ES

MINELAB 75.65 -0.80 1.24 0.13 1.02 -0.15 0.16 -0.42 1.13 -0.36 2.16 -0.94 5.34 0.07 12.21 -0.42 1.96 -0.41 0.65 -0.13 FA AAS,GRAV

MINELAB 81.50 0.68 1.24 0.13 1.06 0.49 0.18 0.95 1.15 0.06 2.18 -0.75 5.58 1.58 12.38 0.05 2.07 1.04 0.64 -0.46 FA AAS

MINELAB 78.60 -0.05 1.13 -1.90 1.04 0.17 0.15 -1.10 1.24 1.94 2.18 -0.75 5.34 0.07 12.75 1.08 2.01 0.25 0.66 0.19 FA AAS

MINELAB 7.86 -3.00 1.04 -3.00 0.92 -1.77 0.16 -0.42 1.16 0.27 2.01 -2.37 5.12 -1.31 12.00 -1.01 1.84 -1.98 0.64 -0.46 FA AAS

MINELAB 79.90 0.27 1.34 1.97 1.18 2.43 0.19 1.64 1.22 1.53 2.42 1.54 5.19 -0.87 12.80 1.22 2.03 0.51 0.85 3.00 FA AAS

MINELAB 80.05 0.31 1.32 1.60 1.05 0.33 0.19 1.64 1.20 1.11 2.24 -0.18 5.11 -1.37 12.48 0.33 1.99 -0.01 0.68 0.84 FA AAS

MINELAB 80.00 0.30 1.20 -0.61 1.00 -0.48 0.18 0.95 1.09 -1.19 2.21 -0.46 5.17 -0.99 11.60 -2.12 1.79 -2.64 0.66 0.19 FA AAS

MINELAB 81.00 0.55 1.22 -0.24 1.02 -0.15 0.17 0.27 1.18 0.69 2.25 -0.08 4.94 -2.43 11.90 -1.28 2.00 0.12 0.68 0.84 FA AAS

MINELAB 84.70 1.49 1.40 3.00 1.20 2.75 0.60 3.00 1.90 3.00 2.30 0.40 5.50 1.08 12.10 -0.73 2.30 3.00 1.30 3.00 FA GRAV

MINELAB 81.37 0.64 1.33 1.84 nr nr 0.13 -2.68 1.03 -2.45 2.53 2.63 5.89 3.00 12.29 -0.19 2.53 3.00 0.66 0.12 FA GRAV

MINELAB 78.60 -0.05 1.24 0.13 1.04 0.17 0.17 0.27 1.14 -0.15 2.20 -0.56 5.55 1.39 12.32 -0.12 1.99 -0.01 0.65 -0.13 FA AAS

MINELAB 82.16 0.84 1.20 -0.61 1.04 0.17 0.17 0.27 1.13 -0.36 2.15 -1.03 5.50 1.08 12.42 0.16 1.95 -0.54 0.58 -2.40 FA AAS

MINELAB 76.12 -0.68 1.32 1.60 1.09 0.98 0.17 0.27 1.17 0.48 2.27 0.11 5.42 0.57 12.67 0.86 2.03 0.51 0.69 1.16 FA AAS

Method Reading

Zarazma Minerals Studies Company Report Page 1

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Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Zarazma Minerals Studies Company ReportPage 2

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50 gram Fire Assay - Mean of Absolute Standardized Values - April 2020 50 gram Fire Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

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ZARAZMA TEHRAN

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MINELAB

Zarazma Minerals Studies Company ReportPage 2

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Aqua Regia Gold Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference G320-1 G320-2 G320-3 G320-4 G320-5 G320-6 G320-7 G320-8 G320-9 G320-10

MEAN (ppm) 78.03 1.20 0.99 0.16 1.16 2.18 5.27 12.31 1.99 0.66

STDEV (ppm) 3.40 0.07 0.12 0.02 0.06 0.08 0.25 0.42 0.11 0.05

95% CI (ppm) 1.04 0.02 0.03 0.01 0.02 0.02 0.07 0.12 0.03 0.01

95% CI (%) 1.33% 1.59% 3.24% 3.13% 1.53% 1.02% 1.31% 1.00% 1.57% 2.10% Aqua Regia Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 70.90 1.07 0.66 0.13 1.05 1.97 4.67 11.40 1.77 0.56

MEDIAN (ppm) 78.34 1.19 0.98 0.16 1.16 2.18 5.29 12.28 1.98 0.65

MAX (ppm) 84.08 1.37 1.29 0.21 1.31 2.37 5.89 13.40 2.30 0.78

IQR (ppm) 4.39 0.08 0.15 0.02 0.08 0.09 0.32 0.55 0.11 0.06

COUNT 42 48 54 49 51 50 51 46 53 54

Standard Reference G320-1 G320-2 G320-3 G320-4 G320-5 G320-6 G320-7 G320-8 G320-9 G320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB >30.00 ald 1.41 3.00 1.15 1.39 0.19 1.32 1.28 1.81 2.45 3.00 5.48 0.84 13.40 2.60 2.15 1.39 0.72 1.24 AR MS

COMLAB 70.90 -2.10 1.21 0.20 0.98 -0.04 0.16 -0.23 1.15 -0.22 2.19 0.07 5.22 -0.20 12.30 -0.02 1.88 -0.96 0.64 -0.32 PR,AR MS

COMLAB 72.55 -1.61 1.23 0.50 1.04 0.46 0.16 -0.23 0.93 -3.00 2.27 1.07 5.03 -0.97 11.78 -1.25 1.92 -0.61 0.57 -1.69 AR AAS

COMLAB >5.00 ald 0.84 -3.00 1.04 0.42 0.16 -0.50 1.26 1.50 2.23 0.57 >5.00 ald >5.00 ald 1.99 -0.04 0.67 0.30 AR AAS

COMLAB 78.00 -0.01 1.24 0.65 0.95 -0.30 0.14 -1.33 1.23 1.03 2.13 -0.69 5.47 0.80 12.70 0.93 2.00 0.09 0.65 -0.13 AR MS

COMLAB 69.60 -2.48 1.17 -0.40 0.91 -0.64 0.17 0.10 1.08 -1.31 2.18 -0.06 5.32 0.20 12.60 0.70 1.83 -1.39 0.65 -0.17 FA ICP

COMLAB 74.70 -0.98 1.17 -0.40 0.94 -0.38 0.18 0.88 1.14 -0.37 2.11 -0.94 5.06 -0.85 11.45 -2.03 1.96 -0.26 0.65 -0.13 AR MS

COMLAB 88.80 3.00 1.14 -0.85 0.88 -0.89 0.16 -0.23 1.10 -1.00 2.20 0.19 5.21 -0.25 12.70 0.93 2.00 0.09 0.60 -1.10 AR MS

COMLAB 82.70 1.38 1.14 -0.85 0.98 -0.04 0.16 -0.23 1.05 -1.78 2.23 0.57 4.84 -1.73 11.60 -1.68 1.97 -0.18 0.65 -0.13 AR MS

COMLAB 81.42 1.00 1.25 0.80 1.23 2.07 0.26 3.00 1.17 0.09 2.22 0.44 5.32 0.20 12.56 0.60 1.30 -3.00 0.59 -1.30 AR ES

COMLAB 81.00 0.88 1.09 -1.60 0.95 -0.30 0.16 -0.23 1.08 -1.31 2.11 -0.94 4.95 -1.29 12.40 0.22 1.94 -0.44 0.55 -2.08 AR

COMLAB >10.00 ald 1.22 0.38 1.11 1.05 0.14 -1.50 1.11 -0.92 2.25 0.84 5.35 0.31 >10.00 ald 1.90 -0.81 0.69 0.67 PR,AR MS

COMLAB 77.40 -0.18 1.16 -0.55 0.92 -0.57 0.14 -1.50 1.08 -1.31 2.13 -0.69 5.03 -0.97 11.90 -0.97 1.77 -1.91 0.60 -1.03 AR MS

COMLAB >10.00 ald 1.30 1.59 0.97 -0.14 0.18 0.60 1.13 -0.58 2.23 0.53 5.41 0.56 >10.00 ald 1.79 -1.71 0.65 -0.11 AR AAS

COMLAB 81.70 1.08 1.18 -0.25 0.97 -0.13 0.16 -0.23 1.11 -0.84 2.18 -0.06 5.25 -0.08 12.30 -0.02 1.95 -0.35 0.63 -0.52 AR MS

COMLAB >10.00 ald 1.16 -0.55 1.03 0.38 0.15 -0.61 1.10 -1.07 2.18 -0.06 5.45 0.72 >10.00 ald 2.03 0.35 0.66 -0.01 AR MS

COMLAB 74.11 -1.15 1.15 -0.70 1.09 0.88 0.17 0.32 1.16 -0.06 2.30 1.45 5.47 0.80 11.97 -0.80 2.06 0.61 0.67 0.26 AR MS

COMLAB 76.20 -0.54 1.14 -0.85 0.96 -0.21 0.14 -1.33 1.10 -1.00 2.10 -1.06 4.82 -1.81 11.40 -2.15 1.90 -0.78 0.60 -1.10 PR,AR AAS

COMLAB 81.30 0.96 1.25 0.80 0.99 0.04 0.18 0.88 1.18 0.25 2.18 -0.06 nr nr 12.81 1.19 1.97 -0.18 0.64 -0.32 AR AAS

COMLAB 0.85 -3.00 9.66 3.00 1.11 1.05 0.43 3.00 0.02 -3.00 0.20 -3.00 0.48 -3.00 0.58 -3.00 0.15 -3.00 2.08 3.00 AR MS

COMLAB 77.44 -0.17 1.37 2.61 0.98 -0.04 <0.05 -3.00 1.05 -1.78 2.11 -0.94 4.89 -1.53 11.04 -3.00 1.84 -1.31 0.56 -1.89 AR AAS

COMLAB 71.33 -1.97 0.80 -3.00 0.50 -3.00 <0.20 bld 1.20 0.56 1.97 -2.69 4.84 -1.73 10.79 -3.00 2.05 0.52 0.60 -1.10 AR AAS

COMLAB >15.00 ald 1.23 0.50 1.01 0.21 0.16 -0.23 1.18 0.25 2.29 1.32 5.28 0.04 12.80 1.17 1.97 -0.18 0.62 -0.71 AR MS

COMLAB 81.24 0.95 1.15 -0.70 0.90 -0.72 0.19 1.43 1.09 -1.15 2.10 -1.06 5.04 -0.93 11.93 -0.89 1.92 -0.61 0.63 -0.52 AR AAS

COMLAB 73.00 -1.48 1.23 0.50 1.05 0.55 0.15 -0.78 1.20 0.56 2.09 -1.19 5.47 0.80 12.20 -0.25 1.87 -1.04 0.64 -0.32 AR AAS

COMLAB 78.40 0.11 1.24 0.65 1.07 0.72 0.14 -1.33 1.14 -0.37 2.18 -0.06 5.10 -0.69 12.25 -0.13 2.07 0.69 0.62 -0.71 AR AAS

COMLAB 80.10 0.61 1.28 1.25 1.09 0.88 0.13 -1.88 1.15 -0.22 2.16 -0.31 5.23 -0.16 11.88 -1.01 1.93 -0.52 0.63 -0.52 AR MS

COMLAB 66.50 -3.00 1.26 0.95 1.06 0.63 0.17 0.54 1.16 -0.06 2.18 -0.06 1.55 -3.00 14.30 3.00 1.99 0.00 0.70 0.89 AR AAS

COMLAB 79.10 0.32 1.21 0.20 0.98 -0.04 0.15 -0.61 1.16 -0.06 2.25 0.82 5.38 0.44 12.90 1.41 2.01 0.17 0.69 0.65 AR MS

COMLAB >25.00 ald 1.19 -0.10 0.95 -0.30 0.16 -0.23 1.13 -0.53 2.22 0.44 5.33 0.24 12.41 0.25 1.91 -0.70 0.64 -0.32 AR MS

COMLAB >25.00 ald 1.19 -0.10 0.94 -0.38 0.15 -0.78 1.13 -0.53 2.22 0.44 5.47 0.80 12.45 0.34 1.99 0.00 0.64 -0.32 AR ICP

COMLAB >50.00 ald 1.07 -1.91 0.86 -1.06 0.15 -0.78 1.08 -1.31 2.14 -0.56 5.39 0.48 12.24 -0.16 1.98 -0.09 0.58 -1.49 AR AAS

COMLAB 84.08 1.78 1.14 -0.85 nr nr 0.17 0.32 1.19 0.41 nr nr 5.45 0.72 12.37 0.15 1.86 -1.13 0.02 -3.00 AR AAS

COMLAB 80.60 0.76 1.23 0.50 0.81 -1.48 0.14 -1.33 1.16 -0.06 2.27 1.07 4.83 -1.77 13.00 1.65 2.03 0.35 0.66 0.07 AR AAS

COMLAB 71.90 -1.80 1.12 -1.15 0.92 -0.55 0.16 -0.23 0.96 -3.00 2.07 -1.44 5.22 -0.20 12.20 -0.25 1.95 -0.35 0.64 -0.32 AR AAS

COMLAB 78.30 0.08 1.15 -0.70 0.91 -0.64 0.18 0.88 1.13 -0.53 2.08 -1.31 5.13 -0.57 12.00 -0.73 1.96 -0.26 0.71 1.04 AR DIBK,AAS

COMLAB 81.80 1.11 1.16 -0.55 0.93 -0.47 0.16 -0.23 1.18 0.25 2.16 -0.31 5.18 -0.37 12.20 -0.25 1.97 -0.18 0.66 0.07 AR AAS

COMLAB 75.85 -0.64 1.40 3.00 1.16 1.48 0.22 3.00 1.45 3.00 2.46 3.00 5.89 2.49 10.18 -3.00 2.30 2.70 0.71 1.04 AR DIBK,AAS

COMLAB 76.17 -0.55 1.66 3.00 1.13 1.22 0.17 0.32 1.26 1.50 2.37 2.33 5.62 1.40 12.03 -0.66 2.27 2.43 0.77 2.22 AR AAS

MINELAB 75.20 -0.83 1.33 2.01 1.06 0.63 0.20 1.98 1.28 1.81 2.53 3.00 5.66 1.57 12.89 1.38 2.23 2.09 0.73 1.44 AR,DIBK AAS

MINELAB 76.40 -0.48 1.23 0.46 1.01 0.19 0.18 0.82 1.19 0.39 2.21 0.31 5.22 -0.21 12.75 1.06 2.02 0.29 0.64 -0.40 AR AAS

MINELAB 79.68 0.49 1.14 -0.85 0.91 -0.64 0.19 1.43 1.18 0.25 2.14 -0.56 5.04 -0.93 11.92 -0.92 1.80 -1.65 0.59 -1.30 LW AAS

MINELAB 85.66 2.25 1.24 0.65 1.05 0.55 0.21 2.53 1.14 -0.37 2.12 -0.81 5.09 -0.73 12.43 0.29 2.07 0.69 0.67 0.26 FA AAS,GRAV

MINELAB 78.00 -0.01 1.29 1.41 1.29 2.57 0.23 3.00 1.27 1.66 2.21 0.32 5.41 0.56 12.50 0.46 2.10 0.96 0.73 1.44 AR DIBK,AAS

MINELAB 76.20 -0.54 1.14 -0.85 0.85 -1.14 0.15 -0.78 1.13 -0.53 2.16 -0.31 5.07 -0.81 12.25 -0.13 1.95 -0.35 0.64 -0.32 AR AAS

MINELAB 80.48 0.72 0.93 -3.00 0.66 -2.75 0.20 1.98 0.96 -3.00 2.10 -1.06 4.67 -2.42 12.30 -0.02 1.64 -3.00 0.57 -1.69 AR AAS

MINELAB 71.15 -2.02 1.22 0.35 1.02 0.29 0.17 0.32 1.10 -1.00 2.18 -0.06 5.27 0.00 12.22 -0.21 1.98 -0.09 0.63 -0.52 AR AAS

MINELAB 71.56 -1.90 1.14 -0.85 0.97 -0.13 0.17 0.32 1.08 -1.31 2.05 -1.69 4.64 -2.54 11.48 -1.96 1.75 -2.09 0.63 -0.52 FA AAS,GRAV

MINELAB 80.55 0.74 1.19 -0.10 0.83 -1.31 0.16 -0.23 1.17 0.09 2.25 0.82 5.51 0.96 13.04 1.74 2.05 0.52 0.68 0.46 AR AAS

MINELAB 79.50 0.43 1.12 -1.15 0.89 -0.80 0.17 0.32 1.19 0.41 2.19 0.07 5.29 0.08 12.33 0.06 2.01 0.17 0.66 0.07 AR DIBK,AAS

MINELAB 79.91 0.55 1.11 -1.30 0.81 -1.48 0.16 -0.23 1.10 -1.00 2.19 0.07 5.21 -0.25 12.41 0.25 1.98 -0.09 0.67 0.26 AAS

MINELAB 82.19 1.23 1.17 -0.40 0.99 0.04 0.17 0.32 1.26 1.50 2.27 1.07 5.37 0.40 12.35 0.10 2.14 1.30 0.71 1.04 AR AAS

MINELAB 85.54 2.21 1.25 0.80 0.88 -0.89 0.16 -0.23 1.20 0.56 2.23 0.57 5.59 1.28 12.43 0.29 2.01 0.17 0.68 0.46 FA AAS

MINELAB 88.00 2.94 1.39 2.83 1.17 1.52 0.19 1.43 1.30 2.05 2.33 1.76 5.30 0.12 12.00 -0.73 2.07 0.65 0.65 -0.13 FA,AR GRAV,MS

MINELAB 24.45 -3.00 1.36 2.46 1.17 1.56 0.24 3.00 1.25 1.34 2.37 2.33 11.03 3.00 10.25 -3.00 2.00 0.09 0.76 2.02

MINELAB 1.24 -3.00 2.08 3.00 2.89 3.00 2.29 3.00 0.12 -3.00 80.92 3.00 1.03 -3.00 0.63 -3.00 1.23 -3.00 12.87 3.00 AR AAS,DIBK

MINELAB 77.10 -0.27 1.42 3.00 1.19 1.73 0.19 1.43 1.31 2.28 2.56 3.00 5.72 1.81 12.67 0.86 2.19 1.74 0.78 2.41 AR AAS

MINELAB 77.20 -0.24 1.15 -0.70 0.89 -0.80 0.17 0.32 1.11 -0.84 2.15 -0.44 5.29 0.08 11.94 -0.87 1.88 -0.96 0.62 -0.71 AR,DIBK AAS

MINELAB 77.17 -0.25 1.19 -0.10 0.88 -0.89 0.21 2.53 1.17 0.09 2.16 -0.31 5.24 -0.12 11.96 -0.82 1.93 -0.52 0.67 0.26 AR,DIBK AAS

MINELAB >50.00 ald 1.09 -1.60 0.87 -0.97 0.15 -0.78 1.11 -0.84 2.16 -0.31 5.34 0.28 12.18 -0.30 1.98 -0.09 0.72 1.24 AR AAS

MINELAB 79.03 0.30 1.28 1.25 1.14 1.31 0.21 2.53 1.21 0.72 2.26 0.95 5.26 -0.04 12.53 0.53 2.06 0.61 0.69 0.65 FA ICP

MINELAB 79.90 0.55 1.13 -0.97 0.81 -1.45 0.15 -0.67 1.14 -0.37 2.10 -1.02 5.08 -0.75 12.00 -0.73 1.84 -1.29 0.65 -0.17 AR DIBK,AAS

MINELAB 81.60 1.05 1.16 -0.55 0.93 -0.47 0.19 1.43 1.20 0.56 2.01 -2.19 5.67 1.61 11.40 -2.15 2.16 1.48 0.72 1.24 AR AAS

MINELAB 78.38 0.10 1.22 0.35 1.03 0.38 0.16 -0.23 1.14 -0.37 2.20 0.19 5.34 0.28 12.25 -0.13 1.93 -0.52 0.65 -0.13 AR AAS

MINELAB 80.87 0.84 1.21 0.13 0.97 -0.13 0.16 -0.28 1.28 1.73 2.30 1.49 5.33 0.23 12.47 0.39 2.16 1.45 0.70 0.91 AR AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Results reported by Fire Assay or NAA were not included in the calculation of the statistics.

Method Reading

Zarazma Minerals Studies Company Report Page 3

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Aqua Regia Assay - Mean of Absolute Standardized Values - April 2020 Aqua Regia Fire Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 3

Zarazma Minerals Studies Company ReportPage 4

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Low Grade Gold Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GLG320-1 GLG320-2 GLG320-3 GLG320-4 GLG320-5

MEAN (ppb) 322 66 52 3 54

STDEV (ppb) 18 5 5 2 5

95% CI (ppb) 4 1 1 1 1

95% CI (%) 1.17% 1.77% 1.98% 22.04% 2.17% Low Grade Gold Assay - Mean of Absolute Standardized Values - April 2020MIN (ppb) 283 51 43 1 44

MEDIAN (ppb) 320 66 51 2 53

MAX (ppb) 370 80 64 8 68

IQR (ppb) 16 7 6 3 6

COUNT 85 83 77 39 81

Standard Reference GLG320-1 GLG320-2 GLG320-3 GLG320-4 GLG320-5

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 335 0.73 66 0.02 48 -0.83 1 -1.04 55 0.16 FA AAS

COMLAB 313 -0.52 71 0.88 51 -0.26 <2 bld 52 -0.31 FA MS

COMLAB 324 0.11 71 0.88 56 0.83 1 -0.94 65 2.13 FA AAS

COMLAB 336 0.79 69 0.51 53 0.18 <5 bld 54 0.06 FA AAS

COMLAB 317 -0.29 65 -0.22 51 -0.26 <5 bld 58 0.81 FA ES

COMLAB 284 -2.17 60 -1.22 48 -1.00 2 -0.59 49 -0.88 FA AAS

COMLAB 283 -2.23 57 -1.70 44 -1.79 <2 bld 45 -1.63 FA AAS

COMLAB 300 -1.26 67 0.16 48 -1.02 1 -0.74 48 -1.14 PR,AR MS

COMLAB 321 -0.07 64 -0.41 51 -0.26 2 -0.44 52 -0.31 FA ES

COMLAB 324 0.11 67 0.05 53 0.07 1 -0.94 51 -0.60 FA ICP

COMLAB 314 -0.46 61 -0.96 48 -0.91 1 -0.94 48 -1.07 FA ES

COMLAB 327 0.28 70 0.70 56 0.83 6 1.57 60 1.19 FA AAS

COMLAB 319 -0.18 65 -0.22 52 -0.04 <2 bld 52 -0.31 FA AAS

COMLAB 325 0.16 64 -0.41 50 -0.48 1 -0.94 50 -0.69 FA ES

COMLAB 289 -1.89 66 -0.04 47 -1.13 6 1.57 49 -0.88 FA AAS

COMLAB 319 -0.18 67 0.15 54 0.39 2 -0.44 56 0.44 FA AAS

COMLAB 317 -0.29 66 -0.04 54 0.39 <2 bld 54 0.06 FA AAS

COMLAB 312 -0.58 62 -0.78 51 -0.26 2 -0.44 56 0.44 FA ES

COMLAB 319 -0.18 66 -0.04 50 -0.48 nr nr 49 -0.88 FA ES

COMLAB 329 0.39 69 0.51 55 0.61 3 0.06 53 -0.13 FA AAS

COMLAB 318 -0.24 66 -0.04 50 -0.48 nr nr 50 -0.69 FA ES

COMLAB 323 0.07 74 1.51 61 1.92 10 3.00 65 2.17 FA ES

COMLAB 318 -0.23 86 3.00 58 1.16 <5 bld 56 0.47 FA AAS

COMLAB 319 -0.18 60 -1.14 46 -1.35 2 -0.44 51 -0.50 FA MS

COMLAB 336 0.79 63 -0.59 51 -0.26 1 -0.94 50 -0.69 FA ES

COMLAB 330 0.45 70 0.70 60 1.70 <10 bld 60 1.19 FA AAS

COMLAB 353 1.76 71 0.88 56 0.83 <2 bld 54 0.06 NAA

COMLAB 334 0.65 75 1.69 51 -0.35 1 -1.19 52 -0.35 AR MS

COMLAB 328 0.33 65 -0.22 51 -0.26 <2 bld 58 0.81 FA ES

COMLAB 336 0.76 71 0.86 60 1.59 1 -0.84 55 0.23 AR MS

COMLAB 36 -3.00 6 -3.00 11 -3.00 4 0.56 8 -3.00 AR MS

COMLAB 344 1.24 76 1.80 78 3.00 16 3.00 66 2.32 FA AAS

COMLAB 307 -0.86 60 -1.14 43 -2.00 bld bld 46 -1.44 FA AAS

COMLAB 330 0.45 72 1.14 47 -1.11 1 -0.94 54 0.14 AR GF,AAS

COMLAB 312 -0.59 62 -0.80 46 -1.37 <5 bld 51 -0.55 FA AAS

COMLAB 315 -0.41 60 -1.14 49 -0.70 <1 bld 48 -1.07 FA ES

COMLAB 315 -0.41 62 -0.78 48 -0.91 <1 bld 47 -1.25 FA MS

COMLAB 313 -0.52 63 -0.59 51 -0.26 3 0.06 50 -0.69 FA MS

COMLAB 299 -1.32 60 -1.14 48 -0.91 5 1.07 48 -1.07 FA AAS

COMLAB 332 0.56 63 -0.59 51 -0.26 4 0.56 47 -1.25 FA AAS

COMLAB 327 0.28 58 -1.51 48 -0.98 2 -0.69 48 -1.07 FA AAS

COMLAB 297 -1.43 59 -1.33 49 -0.70 <1 bld 47 -1.25 FA ES

COMLAB 318 -0.26 69 0.42 52 0.04 1 -0.94 53 -0.11 FA ES

COMLAB 339 0.93 64 -0.46 51 -0.20 4 0.46 44 -1.76 FA ES

COMLAB 342 1.13 66 0.02 48 -0.83 1 -1.14 53 -0.22 AR MS

COMLAB 324 0.11 63 -0.59 49 -0.70 <1 bld 48 -1.07 AR MS

COMLAB 317 -0.32 63 -0.68 50 -0.44 1 -0.89 50 -0.61 AR ICP

COMLAB 340 1.02 65 -0.22 <50 bld <50 bld 54 0.06 FA AAS

COMLAB 299 -1.32 64 -0.41 54 0.39 6 1.57 52 -0.31 FA,GF AAS

COMLAB 323 0.05 65 -0.22 53 0.18 2 -0.44 54 0.06 FA ICP

COMLAB 318 -0.24 51 -2.80 46 -1.35 4 0.56 51 -0.50 FA GRAV

COMLAB 323 0.05 67 0.15 53 0.22 <5 bld 53 -0.09 FA ES

COMLAB 296 -1.47 65 -0.20 54 0.44 <5 bld 48 -1.12 FA

COMLAB 313 -0.51 60 -1.16 57 1.05 <1 bld 52 -0.28 AR AAS

COMLAB 325 0.16 70 0.70 56 0.83 10 3.00 59 1.00 FA ES

COMLAB 302 -1.15 66 -0.04 50 -0.48 2 -0.44 50 -0.69 AR MS

COMLAB 329 0.39 62 -0.78 50 -0.48 <1 bld 52 -0.31 FA MS

COMLAB 322 0.01 53 -2.42 46 -1.40 3 0.06 50 -0.73 FA AAS

COMLAB 323 0.05 67 0.15 63 2.35 52 3.00 65 2.13 FA AAS

COMLAB 321 -0.07 69 0.51 56 0.83 <2 bld 55 0.25 FA AAS

COMLAB 365 2.45 61 -1.05 48 -0.83 20 3.00 55 0.31 FA AAS

COMLAB 320 -0.12 63 -0.59 53 0.18 <5 bld 53 -0.13 FA ES

COMLAB 350 1.59 78 2.17 76 3.00 4 0.56 55 0.25 FA MS

COMLAB 312 -0.58 62 -0.78 53 0.18 <5 bld 54 0.06 FA AAS

COMLAB 324 0.11 66 -0.04 52 -0.04 5 1.07 51 -0.50 FA AAS

COMLAB 303 -1.09 66 -0.04 49 -0.70 <5 bld 50 -0.69 FA AAS

MINELAB 315 -0.41 71 0.88 53 0.15 7 2.17 58 0.81 FA AAS

MINELAB 363 2.30 75 1.56 115 3.00 55 3.00 93 3.00 AR AAS

MINELAB 319 -0.18 65 -0.22 52 -0.04 <5 bld 52 -0.31 FA

MINELAB 300 -1.24 84 3.00 63 2.40 <30 bld 68 2.62 FA AAS

MINELAB 350 1.59 80 2.54 290 3.00 200 3.00 210 3.00

MINELAB 370 2.73 70 0.70 80 3.00 40 3.00 90 3.00 FA AAS

MINELAB 319 -0.18 69 0.44 55 0.59 14 3.00 48 -1.07 FA AAS

MINELAB 327 0.29 72 1.07 62 2.07 <0.036 bld 59 0.94 FA AAS

MINELAB 323 0.05 67 0.15 47 -1.13 <10 bld 53 -0.13 AR AAS

MINELAB 294 -1.58 61 -0.99 49 -0.66 3 -0.12 49 -0.86 FA ES

MINELAB 340 1.02 66 -0.04 53 0.18 <5 bld 52 -0.31 FA

MINELAB 319 -0.17 67 0.21 55 0.51 6 1.35 55 0.26 FA ES

MINELAB 315 -0.40 62 -0.78 52 0.02 3 0.11 48 -1.12 FA AAS

MINELAB 317 -0.29 67 0.15 59 1.48 <20 bld 62 1.56 FA AAS

MINELAB 350 1.59 80 2.54 60 1.70 10 3.00 70 3.00 AR AAS

MINELAB 309 -0.75 70 0.70 60 1.70 29 3.00 63 1.75 FA

MINELAB 290 -1.83 70 0.70 <50 bld <50 bld 65 2.13 FA AAS

MINELAB 308 -0.81 66 -0.11 54 0.31 <50 bld 60 1.23 FA AAS

MINELAB 338 0.90 68 0.33 <50 bld <50 bld 60 1.26 FA AAS

MINELAB 360 2.16 64 -0.41 49 -0.70 14 3.00 57 0.62 FA AAS

MINELAB 325 0.16 67 0.15 55 0.61 10 3.00 57 0.62 FA AAS

MINELAB 317 -0.30 76 1.80 57 1.00 16 3.00 57 0.66 FA ES

MINELAB 315 -0.39 67 0.05 53 0.13 2 -0.49 55 0.29 FA AAS

MINELAB 344 1.27 74 1.47 64 2.57 8 2.62 62 1.58 FA AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

Zarazma Minerals Studies Company Report Page 5

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Low Grade Gold Assay - Mean of Absolute Standardized Values - April 2020 Low Grade Gold Fire Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

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Zarazma Minerals Studies Company ReportPage 6

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Gold on Carbon Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBC320-1 GBC320-2 GBC320-3 GBC320-4 GLC320-1 GLC320-2

MEAN (ppm) 23 411 48 265 2011 1623

STDEV (ppm) 3 17 3 11 82 59

95% CI (ppm) 1 3 1 2 16 12

95% CI (%) 2.43% 0.82% 1.42% 0.80% 0.80% 0.72% Gold on Carbon Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 15 363 41 235 1800 1483

MEDIAN (ppm) 22 412 48 265 2010 1625

MAX (ppm) 29 451 58 291 2210 1788

IQR (ppm) 4 18 4 14 92 53

COUNT 95 100 98 98 101 99

Standard Reference GBC320-1 GBC320-2 GBC320-3 GBC320-4 GLC320-1 GLC320-2

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 21 -0.64 412 0.03 46 -0.62 267 0.19 2030 0.23 1640 0.30 FA GRAV

COMLAB 19 -1.23 411 -0.04 48 -0.27 262 -0.28 1990 -0.26 1590 -0.55 FA GRAV

COMLAB <0.03 -3.00 406 -0.32 54 1.67 262 -0.28 1870 -1.72 1630 0.13 FA GRAV

COMLAB 26 1.00 415 0.23 45 -0.93 269 0.39 2021 0.12 1623 0.01 FA GRAV

COMLAB 25 0.82 430 1.09 50 0.45 283 1.70 2190 2.18 1775 2.60 AR AAS

COMLAB 27 1.55 391 -1.19 52 1.03 269 0.38 2020 0.11 1620 -0.04 PR,AR AAS

COMLAB 21 -0.64 403 -0.49 46 -0.70 263 -0.19 1963 -0.59 1602 -0.35 AAS

COMLAB 21 -0.64 417 0.33 44 -1.28 263 -0.19 2080 0.84 1650 0.47 PR,AR AAS

COMLAB 27 1.55 442 1.79 56 2.19 280 1.41 2130 1.45 1715 1.58 AR AAS

COMLAB 20 -1.01 386 -1.48 43 -1.57 244 -1.98 2050 0.47 1665 0.72 AAS

COMLAB 21 -0.53 420 0.50 50 0.45 265 -0.04 2078 0.81 1637 0.24 FA GRAV

COMLAB 20 -1.01 404 -0.43 46 -0.70 263 -0.19 1989 -0.27 1598 -0.42 AAS

COMLAB 21 -0.64 395 -0.96 49 0.17 255 -0.94 2010 -0.02 1650 0.47 PR,AR AAS

COMLAB 21 -0.56 409 -0.17 46 -0.67 266 0.13 1995 -0.20 1612 -0.18 FA GRAV

COMLAB 13 -3.00 417 0.33 45 -0.99 277 1.13 2054 0.52 1645 0.38 FA GRAV

COMLAB 39 3.00 448 2.11 48 -0.04 276 1.00 2163 1.85 1750 2.17 AAS

COMLAB <10 -3.00 418 0.39 <10 -3.00 271 0.57 2073 0.75 1691 1.17 FA GRAV

COMLAB 25 0.79 418 0.41 54 1.63 274 0.85 2085 0.90 1628 0.09 FA GRAV

COMLAB 25 0.82 410 -0.08 51 0.74 268 0.28 1800 -2.58 1520 -1.75 AR AAS

COMLAB 17 -1.99 409 -0.12 36 -3.00 261 -0.41 1993 -0.22 1594 -0.49 FA GRAV

COMLAB 11 -3.00 116 -3.00 24 -3.00 85 -3.00 977 -3.00 786 -3.00 PR,AR AAS

COMLAB 22 -0.28 378 -1.95 45 -0.99 253 -1.13 2028 0.20 1655 0.55 FA AAS,GRAV

COMLAB 22 -0.11 426 0.86 47 -0.38 277 1.12 2059 0.59 1655 0.55 FA GRAV

COMLAB 24 0.45 425 0.79 50 0.45 270 0.47 2100 1.08 1653 0.52 AD AAS

COMLAB 22 -0.38 363 -2.82 42 -1.73 225 -3.00 1830 -2.21 1514 -1.86 FA AAS

COMLAB 22 -0.28 393 -1.07 45 -0.99 253 -1.13 1927 -1.03 1536 -1.48 FA ES

COMLAB 22 -0.28 407 -0.26 51 0.74 263 -0.19 2036 0.30 1645 0.38 PR,AD AAS

COMLAB 28 1.91 410 -0.08 57 2.48 263 -0.19 2030 0.23 1600 -0.38 AR

COMLAB 27 1.55 450 2.25 46 -0.70 314 3.00 2106 1.16 1850 3.00 FA AAS

COMLAB 23 0.05 378 -1.95 44 -1.40 240 -2.38 1900 -1.36 1550 -1.24 AAS

COMLAB 20 -1.01 437 1.49 48 -0.12 273 0.75 2164 1.86 1729 1.82 PR,AR ES

COMLAB 23 0.09 411 -0.02 45 -0.99 264 -0.09 2004 -0.09 1560 -1.07 PR,AR ES

COMLAB 22 -0.13 405 -0.37 45 -0.93 265 0.00 1970 -0.50 1550 -1.24 FA GRAV

COMLAB 24 0.45 408 -0.19 45 -0.99 258 -0.67 1982 -0.36 1607 -0.27 FA GRAV

COMLAB 26 1.18 260 -3.00 48 -0.12 238 -2.54 1963 -0.59 1610 -0.21

COMLAB 16 -2.47 264 -3.00 28 -3.00 141 -3.00 1700 -3.00 1287 -3.00 FA GRAV

COMLAB <50 bld 120 -3.00 <50 bld 71 -3.00 1000 -3.00 800 -3.00 AAS

COMLAB 25 0.82 393 -1.07 50 0.45 235 -2.83 1853 -1.93 1537 -1.46 AR AAS

COMLAB 25 0.82 412 0.03 51 0.74 266 0.09 1983 -0.34 1622 -0.01 FA GRAV

COMLAB 21 -0.64 415 0.21 48 -0.12 270 0.47 2058 0.57 1646 0.40 FA GRAV

COMLAB 33 3.00 401 -0.61 52 1.03 258 -0.66 1967 -0.54 1651 0.49 PR,AR AAS

COMLAB 22 -0.25 413 0.09 47 -0.30 276 1.04 2064 0.64 1642 0.33 FA,PR AAS

COMLAB 21 -0.75 434 1.30 48 -0.18 268 0.25 1969 -0.52 1614 -0.15 FA AAS

COMLAB 22 -0.28 409 -0.14 46 -0.70 262 -0.28 2005 -0.08 1587 -0.61 FA AAS

COMLAB 32 3.00 427 0.91 53 1.32 276 1.04 2210 2.42 1760 2.34 FA GRAV

COMLAB 28 1.91 427 0.91 52 1.03 270 0.47 1980 -0.38 1650 0.47 AR AAS

COMLAB 22 -0.28 397 -0.82 47 -0.44 265 -0.04 1942 -0.85 1566 -0.96 FA GRAV

COMLAB 25 0.82 424 0.74 50 0.45 265 0.00 2010 -0.02 1606 -0.28 PR,AR AAS

COMLAB 34 3.00 415 0.21 50 0.45 251 -1.32 2052 0.50 1678 0.95 AR AAS

COMLAB 20 -0.92 450 2.27 58 2.67 283 1.72 2009 -0.03 1638 0.26 PR,AR AAS

COMLAB 25 0.82 442 1.79 57 2.48 276 1.04 2160 1.81 1510 -1.92 ES

COMLAB 20 -1.01 415 0.21 50 0.45 260 -0.47 1900 -1.36 1580 -0.73 PR,AR AAS

COMLAB 25 0.82 419 0.44 43 -1.57 277 1.13 1941 -0.86 1510 -1.92 PR,AR AAS

MINELAB 22 -0.22 410 -0.08 47 -0.33 262 -0.24 2035 0.29 1647 0.42 FA AAS

MINELAB 25 0.82 408 -0.20 49 0.17 263 -0.19 2050 0.47 1638 0.26 FA GRAV

MINELAB 26 1.29 422 0.62 52 0.98 276 1.04 2143 1.61 1715 1.58 FA AAS,GRAV

MINELAB 24 0.30 417 0.31 49 0.23 281 1.52 2101 1.10 1670 0.81 FA GRAV

MINELAB 23 0.09 425 0.80 50 0.35 281 1.53 2099 1.07 1674 0.87 FA GRAV

MINELAB 22 -0.32 382 -1.70 44 -1.19 261 -0.37 1972 -0.48 1596 -0.46 FA GRAV

MINELAB 10 -3.00 206 -3.00 23 -3.00 120 -3.00 843 -3.00 825 -3.00 FA GRAV

MINELAB 15 -2.91 250 -3.00 31 -3.00 175 -3.00 1070 -3.00 1369 -3.00 FA GRAV

MINELAB 27 1.55 420 0.50 49 0.17 260 -0.47 2008 -0.04 1740 2.00 PR,AR AAS

MINELAB 23 0.09 408 -0.20 45 -0.99 261 -0.38 1991 -0.25 1601 -0.37 FA GRAV

MINELAB 23 0.20 423 0.67 48 -0.12 283 1.68 2022 0.13 1602 -0.36

MINELAB 23 0.20 426 0.85 49 0.13 268 0.24 2007 -0.05 1605 -0.30 FA GRAV

MINELAB 20 -1.01 410 -0.08 45 -0.99 259 -0.56 2035 0.29 1645 0.38 PR,AR AAS

MINELAB 23 0.20 420 0.48 49 0.03 259 -0.57 1858 -1.87 1538 -1.44 AD AAS

MINELAB 23 0.09 371 -2.36 57 2.48 222 -3.00 1878 -1.63 1543 -1.37 PR,AR AAS

MINELAB 29 2.28 413 0.06 50 0.45 273 0.71 2065 0.66 1701 1.34 FA GRAV

MINELAB 31 3.00 407 -0.26 54 1.61 291 2.45 2023 0.14 1593 -0.50 AAS

MINELAB 25 0.82 409 -0.14 51 0.74 268 0.28 2154 1.74 1680 0.98 PR,AR AAS

MINELAB 34 3.00 187 -3.00 46 -0.70 143 -3.00 536 -3.00 544 -3.00 PR,AR AAS

MINELAB 11 -3.00 211 -3.00 35 -3.00 130 -3.00 1069 -3.00 1127 -3.00 FA GRAV

MINELAB 20 -0.86 398 -0.81 44 -1.25 268 0.24 1998 -0.17 1636 0.23 FA GRAV

MINELAB 24 0.61 409 -0.17 49 0.08 251 -1.29 1985 -0.32 1545 -1.33 FA GRAV

MINELAB 21 -0.50 401 -0.60 47 -0.56 265 0.04 1977 -0.41 1614 -0.15 AR AAS

MINELAB <50 bld 418 0.36 50 0.41 274 0.85 2082 0.87 1636 0.22 AR AAS

MINELAB 22 -0.35 408 -0.22 46 -0.85 254 -1.04 1978 -0.41 1607 -0.27 AAS

MINELAB 24 0.54 429 1.02 50 0.48 282 1.57 2045 0.41 1677 0.93 AR AAS

MINELAB 23 -0.07 388 -1.34 51 0.78 274 0.87 1808 -2.48 1525 -1.66 AR AAS

MINELAB 23 0.09 417 0.31 47 -0.36 276 1.02 2013 0.03 1613 -0.17 GRAV

MINELAB 21 -0.64 412 0.03 44 -1.28 265 0.00 2000 -0.14 1622 -0.01 FA GRAV

MINELAB 18 -1.74 392 -1.13 36 -3.00 262 -0.28 2035 0.29 1609 -0.23 FA GRAV

MINELAB 22 -0.39 393 -1.06 44 -1.25 251 -1.36 1970 -0.51 1600 -0.39 FA GRAV

MINELAB 17 -2.10 414 0.15 46 -0.70 251 -1.32 2032 0.25 1625 0.04 PR,AR AAS

MINELAB 22 -0.32 408 -0.20 48 -0.14 264 -0.12 2016 0.06 1641 0.31 PR,AR AAS

MINELAB 22 -0.17 407 -0.23 48 -0.10 277 1.10 2087 0.92 1664 0.71 FA GRAV

MINELAB 23 -0.06 418 0.37 46 -0.59 259 -0.56 2044 0.40 1642 0.33 FA GRAV

MINELAB 22 -0.38 413 0.11 46 -0.60 268 0.26 2005 -0.08 1626 0.06 FA GRAV

MINELAB 26 1.18 389 -1.31 49 0.17 249 -1.51 2005 -0.08 1635 0.21 FA GRAV

MINELAB 24 0.45 428 0.97 48 -0.12 268 0.28 1813 -2.42 2095 3.00 PR,AR AAS,DIBK

MINELAB 29 2.28 451 2.31 52 1.03 277 1.13 2097 1.05 1714 1.56 PR AAS

MINELAB <50 bld 110 -3.00 <50 bld 67 -3.00 1020 -3.00 840 -3.00 FA AAS

MINELAB 25 0.86 383 -1.66 52 0.98 269 0.38 2073 0.75 1635 0.21 AAS

MINELAB 20 -1.01 426 0.85 44 -1.28 257 -0.75 2083 0.87 1622 -0.01 FA GRAV

MINELAB 22 -0.20 399 -0.75 47 -0.30 257 -0.73 1917 -1.15 1527 -1.63 PR,AR AAS

MINELAB 22 -0.31 393 -1.09 47 -0.41 254 -1.01 1919 -1.13 1535 -1.50 PR,AR AAS

MINELAB 19 -1.37 393 -1.07 38 -3.00 256 -0.85 1972 -0.48 1563 -1.02 PR,AR AAS

MINELAB 28 1.91 417 0.33 53 1.32 271 0.57 2007 -0.05 1602 -0.35 FA GRAV

MINELAB 21 -0.64 384 -1.60 44 -1.28 248 -1.60 1966 -0.55 1622 -0.01 PR,AR AAS

MINELAB 25 0.82 407 -0.26 47 -0.41 260 -0.47 1940 -0.87 1620 -0.04 PR,AR ES

MINELAB 28 1.91 422 0.62 54 1.61 261 -0.38 2013 0.02 1627 0.08 PR,AR AAS

MINELAB 21 -0.52 418 0.40 49 0.27 268 0.31 2020 0.11 1636 0.24 AR

MINELAB 20 -1.01 409 -0.14 35 -3.00 257 -0.75 1988 -0.28 1788 2.82 FA,GF

MINELAB 20 -1.01 384 -1.60 46 -0.70 246 -1.79 1940 -0.87 1670 0.81 PR,AD AAS

MINELAB 21 -0.64 438 1.55 48 -0.12 275 0.94 2115 1.26 1685 1.07 PR,AR AAS

MINELAB 23 0.09 399 -0.72 49 0.17 259 -0.56 2003 -0.10 1603 -0.33 PR,AR AAS

MINELAB 22 -0.28 440 1.67 49 0.17 270 0.47 2160 1.81 1646 0.40 PR,AR AAS

MINELAB 28 1.77 395 -0.93 60 3.00 255 -0.90 1979 -0.39 1564 -1.01 GRAV

MINELAB 19 -1.37 400 -0.67 51 0.74 272 0.66 1978 -0.41 1546 -1.31 PP XRF

MINELAB 22 -0.44 434 1.30 46 -0.56 277 1.09 2073 0.76 1630 0.12 FA AAS

MINELAB 23 -0.07 436 1.44 48 -0.15 274 0.89 2083 0.87 1677 0.93 PR AAS

MINELAB 21 -0.64 389 -1.31 41 -2.15 252 -1.22 1868 -1.75 1483 -2.38 FA GRAV

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

Zarazma Minerals Studies Company Report Page 7

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Gold on Carbon Assay - Mean of Absolute Standardized Values - April 2020 Gold on Carbon Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

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MINELAB

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MINELAB

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Zarazma Minerals Studies Company ReportPage 8

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Silver on Carbon Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBC320-1 GBC320-2 GBC320-3 GBC320-4 GLC320-1 GLC320-2

MEAN (ppm) 14 116 28 76 1002 802

STDEV (ppm) 4 16 8 13 52 31

95% CI (ppm) 1 4 2 4 15 9

95% CI (%) 9.44% 3.88% 7.87% 4.96% 1.47% 1.12% Silver on Carbon Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 8 74 12 46 872 725

MEDIAN (ppm) 13 118 26 79 998 797

MAX (ppm) 23 150 47 111 1134 883

IQR (ppm) 6 21 9 18 58 43

COUNT 40 51 48 50 49 48

Standard Reference GBC320-1 GBC320-2 GBC320-3 GBC320-4 GLC320-1 GLC320-2

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 12 -0.50 121 0.32 22 -0.77 80 0.28 1000 -0.04 793 -0.28 FA GRAV

COMLAB 13 -0.36 133 1.07 27 -0.14 87 0.79 978 -0.47 774 -0.89 4A AAS

COMLAB 36 3.00 26 -3.00 12 -2.07 62 -1.05 836 -3.00 686 -3.00 FA GRAV

COMLAB 13 -0.20 130 0.89 33 0.68 93 1.21 982 -0.39 806 0.11 FA GRAV

COMLAB 13 -0.27 115 -0.05 25 -0.38 79 0.21 997 -0.10 822 0.64 PR,AR AAS

COMLAB 22 1.82 129 0.78 nr nr 83 0.49 996 -0.13 813 0.35 FA GRAV

COMLAB 10 -0.97 124 0.50 15 -1.68 77 0.06 1040 0.73 825 0.73 AR ICP

COMLAB <100 bld 106 -0.61 <100 bld <100 bld 894 -2.07 706 -3.00 FA GRAV

COMLAB 12 -0.50 123 0.44 25 -0.38 80 0.28 883 -2.28 761 -1.30 2A,FA AAS,GRAV

COMLAB 17 0.67 140 1.49 27 -0.12 nr nr 1032 0.57 828 0.83 FA GRAV

COMLAB 21 1.61 406 3.00 44 2.10 265 3.00 1940 3.00 1530 3.00 PR,AR AAS

COMLAB 105 3.00 450 3.00 169 3.00 262 3.00 1170 3.00 857 1.75 FA AAS,GRAV

COMLAB 13 -0.31 127 0.70 27 -0.07 86 0.73 1085 1.59 852 1.59 FA GRAV

COMLAB 13 -0.27 125 0.56 26 -0.25 86 0.73 1041 0.75 846 1.40 AD AAS

COMLAB 17 0.67 100 -0.98 43 1.97 61 -1.13 1021 0.36 818 0.51 AR

COMLAB 11 -0.81 120 0.26 23 -0.65 78 0.10 998 -0.07 805 0.09 AAS

COMLAB 11 -0.74 120 0.26 24 -0.51 79 0.21 980 -0.42 790 -0.38 FA GRAV

COMLAB <50 bld 126 0.63 <50 bld 111 2.58 1181 3.00 823 0.67 FA GRAV

COMLAB 170 3.00 58 -3.00 166 3.00 65 -0.83 1134 2.53 988 3.00

COMLAB <50 bld 450 3.00 72 3.00 260 3.00 2090 3.00 1630 3.00 AAS

COMLAB 10 -0.97 118 0.13 22 -0.77 84 0.58 1032 0.57 791 -0.35 AR AAS

COMLAB <10 bld 137 1.31 35 0.98 91 1.08 1040 0.73 838 1.15 FA,PR AAS

COMLAB 11 -0.74 119 0.19 26 -0.25 81 0.36 >500 ald >500 ald AD AAS

COMLAB nr nr 131 0.94 nr nr 89 0.95 1011 0.17 832 0.95 FA AAS

COMLAB 30 3.00 87 -1.78 37 1.19 88 0.88 951 -0.98 787 -0.47 AR AAS

COMLAB 11 -0.74 104 -0.76 22 -0.78 75 -0.06 968 -0.66 826 0.77 AR ES

COMLAB 23 2.12 100 -0.96 31 0.42 65 -0.85 1163 3.00 914 3.00 PR,AR AAS

COMLAB 10 -0.97 90 -1.59 20 -1.03 55 -1.57 1020 0.34 788 -0.44 PR,AR AAS

COMLAB 11 -0.74 116 0.01 24 -0.51 74 -0.16 1036 0.65 789 -0.41 PR,AR AAS

MINELAB 11 -0.67 118 0.13 23 -0.62 77 0.05 969 -0.64 780 -0.71 PR,AR AAS

MINELAB 14 -0.11 122 0.40 26 -0.20 82 0.42 1000 -0.03 792 -0.32 FA GRAV

MINELAB 53 3.00 127 0.66 20 -1.08 65 -0.80 783 -3.00 528 -3.00 FA GRAV

MINELAB 18 0.91 64 -3.00 52 3.00 51 -1.87 976 -0.50 798 -0.13 PR,AR AAS

MINELAB 8 -1.44 115 -0.05 21 -0.90 80 0.28 960 -0.81 776 -0.82 FA GRAV

MINELAB 13 -0.36 126 0.64 25 -0.41 81 0.39 1004 0.03 803 0.04 3A,FA AAS,GRAV

MINELAB 30 3.00 112 -0.24 26 -0.25 66 -0.75 1099 1.86 859 1.81 PR,AR AAS

MINELAB 69 3.00 111 -0.33 47 2.44 103 1.96 1080 1.50 756 -1.47 AD ICP

MINELAB 157 3.00 272 3.00 404 3.00 196 3.00 1277 3.00 1163 3.00 AAS

MINELAB 12 -0.50 74 -2.58 37 1.19 46 -2.24 1014 0.23 827 0.80 PR,AR AAS

MINELAB 416 3.00 357 3.00 86 3.00 274 3.00 1087 1.63 1130 3.00 PR,AR AAS

MINELAB 746 3.00 489 3.00 105 3.00 553 3.00 1158 2.99 1586 3.00 FA GRAV

MINELAB 19 1.25 125 0.56 30 0.25 84 0.60 953 -0.93 806 0.12 FA GRAV

MINELAB <20 bld 91 -1.53 23 -0.66 59 -1.29 987 -0.28 811 0.28 AR AAS

MINELAB <50 bld 103 -0.77 <50 bld 66 -0.76 1038 0.68 823 0.68 AR AAS

MINELAB 15 0.08 90 -1.57 24 -0.49 72 -0.28 1038 0.69 795 -0.21 AAS

MINELAB 10 -0.97 105 -0.64 22 -0.73 61 -1.14 1092 1.72 883 2.57 AR AAS

MINELAB 20 1.29 97 -1.19 36 1.03 70 -0.44 1666 3.00 787 -0.48 AR AAS

MINELAB 21 1.61 145 1.80 42 1.84 98 1.62 978 -0.46 780 -0.70 FA GRAV

MINELAB 11 -0.74 126 0.63 24 -0.51 85 0.65 1032 0.57 828 0.83 FA GRAV

MINELAB 53 3.00 150 2.12 29 0.16 137 3.00 975 -0.52 780 -0.68 FA GRAV

MINELAB 22 1.85 76 -2.46 28 0.02 49 -2.01 982 -0.38 725 -2.44 AR AAS

MINELAB 30 3.00 123 0.44 42 1.81 118 3.00 1002 0.01 832 0.96 PR,AR AAS

MINELAB 13 -0.27 118 0.13 24 -0.51 76 -0.01 978 -0.46 777 -0.79 FA GRAV

MINELAB <50 bld 400 3.00 65 3.00 280 3.00 2070 3.00 1540 3.00 FA AAS

MINELAB 10 -0.95 102 -0.85 22 -0.74 68 -0.58 872 -2.49 707 -3.00 AAS

MINELAB 18 0.91 127 0.69 35 0.93 80 0.28 1010 0.15 790 -0.38 FA GRAV

MINELAB 12 -0.46 117 0.05 26 -0.31 80 0.25 963 -0.75 773 -0.92 3A AAS

MINELAB 13 -0.39 117 0.06 26 -0.30 80 0.29 964 -0.73 777 -0.81 3A AAS

MINELAB 22 1.96 106 -0.63 26 -0.19 58 -1.32 1034 0.61 801 -0.04 AR

MINELAB 32 3.00 128 0.75 41 1.71 93 1.25 939 -1.21 731 -2.25 PP XRF

MINELAB 11 -0.77 114 -0.12 23 -0.64 71 -0.36 997 -0.10 777 -0.78 PR AAS

MINELAB 11 -0.75 129 0.79 25 -0.38 84 0.60 992 -0.20 791 -0.34 PR AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Silver on Carbon Assay - Mean of Absolute Standardized Values - April 2020 Silver on Carbon Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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-3 -2 -1 0 1 2 3

Zarazma Minerals Studies Company ReportPage 10

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Silver (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 1.9 27.1 11.5 0.5 0.6 1.4 2.7 4.4 6.9 6.2

STDEV (ppm) 0.3 1.1 0.6 0.1 0.1 0.2 0.2 0.4 0.5 0.5

95% CI (ppm) 0.1 0.3 0.1 0.0 0.0 0.1 0.0 0.1 0.1 0.1

95% CI (%) 4.38% 1.08% 1.26% 6.52% 7.24% 3.61% 1.78% 2.09% 1.66% 2.02% Silver Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 1.2 24.8 10.3 0.3 0.4 1.0 2.3 3.8 6.0 5.0

MEDIAN (ppm) 1.8 27.0 11.5 0.5 0.6 1.4 2.7 4.3 7.0 6.2

MAX (ppm) 2.6 29.2 13.0 0.7 0.9 1.9 3.1 5.3 8.0 7.5

IQR (ppm) 0.3 1.5 0.8 0.1 0.2 0.2 0.3 0.4 0.4 0.5

COUNT 53 52 58 34 36 52 54 58 60 60

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 1.7 -0.51 25.4 -1.62 12.2 1.17 0.5 0.25 0.5 -0.76 1.5 0.45 2.6 -0.76 4.4 0.10 7.0 0.13 6.4 0.37 4A ES

COMLAB 1.9 0.16 29.1 1.85 11.3 -0.44 0.6 1.34 0.8 1.53 1.7 1.52 2.8 0.34 4.0 -1.03 6.9 -0.09 5.8 -0.84 4A ICP

COMLAB 2.0 0.50 29.0 1.75 11.2 -0.62 0.5 0.25 0.8 1.53 1.6 0.99 2.7 -0.21 4.6 0.67 7.2 0.58 6.3 0.17 4A ICP

COMLAB 1.9 0.16 22.6 -3.00 11.2 -0.62 0.4 -0.85 0.7 0.77 1.6 0.99 2.9 0.89 4.2 -0.46 7.0 0.13 6.2 -0.03 4A ICP

COMLAB 2.1 0.83 27.3 0.16 12.2 1.17 <1.0 bld <1.0 bld 2.0 3.00 3.4 3.00 5.2 2.38 7.7 1.69 7.2 2.00 4A ES

COMLAB 2.4 1.84 27.9 0.72 12.0 0.81 <0.5 bld <0.5 bld 1.5 0.45 2.6 -0.76 4.0 -1.03 6.7 -0.53 5.5 -1.45 4A ES

COMLAB 1.6 -0.84 27.3 0.16 11.8 0.45 0.5 0.25 0.5 -0.76 1.5 0.45 2.7 -0.21 4.6 0.67 7.0 0.13 6.4 0.37 4A ES

COMLAB 2.0 0.50 27.8 0.63 11.2 -0.62 <0.5 bld 0.6 0.01 1.4 -0.09 2.8 0.34 4.3 -0.18 7.0 0.13 6.4 0.37 4A ES

COMLAB 1.9 0.16 25.5 -1.52 12.0 0.81 0.6 1.34 0.7 0.77 1.5 0.45 2.7 -0.21 5.0 1.81 6.9 -0.09 7.3 2.20 4A ES

COMLAB 1.3 -1.85 27.1 -0.03 12.0 0.81 <0.5 bld 0.7 0.77 1.6 0.99 3.0 1.44 4.0 -1.03 7.0 0.13 6.4 0.37 4A ES

COMLAB 1.7 -0.51 30.5 3.00 11.5 -0.09 <0.5 bld 0.5 -0.76 1.2 -1.16 2.6 -0.76 4.5 0.39 6.6 -0.75 6.3 0.17 4A ES

COMLAB 1.8 -0.17 28.1 0.91 12.1 0.99 <0.5 bld <0.5 bld 1.4 -0.09 2.8 0.34 4.2 -0.46 7.3 0.80 6.4 0.37 4A ICP

COMLAB 1.6 -0.84 28.4 1.19 11.6 0.09 <0.5 bld <0.5 bld 1.4 -0.09 3.0 1.44 4.4 0.10 6.8 -0.31 6.9 1.39 4A ES

COMLAB 3.0 3.00 28.0 0.82 11.0 -0.98 <1.0 bld <1.0 bld 2.0 3.00 3.0 1.44 5.0 1.81 6.0 -2.08 6.0 -0.44 4A ES

COMLAB 2.2 1.17 26.9 -0.21 12.0 0.81 0.7 2.44 <0.5 bld 1.3 -0.62 2.7 -0.21 4.1 -0.75 7.1 0.36 6.4 0.37 4A ES

COMLAB 2.0 0.50 27.7 0.54 11.6 0.09 <0.5 bld 0.6 0.01 1.4 -0.09 2.8 0.34 4.5 0.39 7.2 0.58 6.2 -0.03 4A ES

COMLAB 1.5 -1.18 26.7 -0.40 11.4 -0.27 0.5 0.25 0.5 -0.76 1.4 -0.09 2.6 -0.76 4.2 -0.46 6.8 -0.31 6.0 -0.44 4A ES

COMLAB 1.7 -0.51 26.6 -0.49 11.6 0.09 0.6 1.34 <0.5 bld 1.4 -0.09 2.7 -0.21 4.0 -1.03 6.5 -0.98 6.0 -0.44 4A ES

COMLAB <0.5 -3.00 27.3 0.16 11.2 -0.62 <0.5 bld <0.5 bld 1.2 -1.16 2.7 -0.21 5.3 2.66 6.4 -1.20 6.3 0.17 4A ES

COMLAB 1.6 -0.78 27.2 0.07 11.9 0.54 0.4 -0.74 0.5 -0.76 1.4 -0.25 2.7 -0.21 4.8 1.24 7.2 0.64 6.1 -0.15 4A MS

COMLAB 2.6 2.37 29.2 1.93 11.8 0.50 0.6 1.67 0.9 1.91 1.7 1.52 3.0 1.55 4.5 0.27 7.1 0.31 6.2 -0.11 5A ES

COMLAB 1.8 -0.23 26.7 -0.40 11.5 -0.07 0.5 -0.16 0.5 -0.90 1.3 -0.65 2.7 -0.39 4.2 -0.41 6.7 -0.59 5.8 -0.75 4A ICP

COMLAB 1.8 -0.17 26.4 -0.68 10.4 -2.06 0.4 -0.85 0.6 0.01 1.4 -0.09 2.8 0.34 4.2 -0.46 7.0 0.13 5.6 -1.25 4A MS

COMLAB <5.0 bld 27.0 -0.12 11.0 -0.98 <5.0 bld <5.0 bld <5.0 bld <5.0 bld <5.0 bld 7.0 0.13 6.7 0.98 NAA

COMLAB 2.0 0.50 26.5 -0.59 11.2 -0.62 0.4 -0.85 0.5 -0.76 1.5 0.45 2.7 -0.21 4.4 0.10 7.0 0.13 6.1 -0.23 4A MS

COMLAB 1.6 -0.94 28.2 1.04 11.2 -0.68 0.4 -0.63 0.6 -0.38 1.5 0.56 3.0 1.33 4.7 0.87 6.6 -0.75 6.8 1.08 4A MS

COMLAB 1.8 -0.17 26.8 -0.31 11.2 -0.62 <1.0 bld <1.0 bld 1.4 -0.09 3.0 1.44 4.3 -0.18 6.6 -0.75 6.2 -0.03 4A ES

COMLAB 2.0 0.50 27.0 -0.12 12.0 0.81 <1.0 bld <1.0 bld 1.0 -2.23 3.0 1.44 4.0 -1.03 7.0 0.13 6.0 -0.44 4A ICP

COMLAB 1.8 -0.17 26.6 -0.49 11.4 -0.27 0.5 0.25 0.6 0.01 1.3 -0.62 3.0 1.44 4.3 -0.18 6.9 -0.09 6.4 0.37 4A AAS

COMLAB <1.0 bld 26.2 -0.87 11.4 -0.27 <1.0 bld <1.0 bld 1.2 -1.16 2.5 -1.31 3.9 -1.32 6.8 -0.31 5.8 -0.84 3A,MICR ES

COMLAB 1.5 -1.18 26.0 -1.06 10.4 -2.06 0.5 0.25 0.6 0.01 1.4 -0.09 2.6 -0.76 3.9 -1.32 6.1 -1.86 5.6 -1.25 4A AAS

COMLAB 1.9 0.16 27.2 0.07 12.2 1.17 <0.5 bld <0.5 bld 1.1 -1.70 2.7 -0.21 4.2 -0.46 7.1 0.36 6.7 0.98 4A ES

COMLAB 1.7 -0.51 26.4 -0.68 11.2 -0.62 0.4 -0.85 0.4 -1.52 1.4 -0.09 2.4 -1.86 4.1 -0.75 6.8 -0.42 5.7 -1.05 4A MS

COMLAB 1.5 -1.18 27.0 -0.12 12.2 1.17 0.5 0.25 <0.5 bld 1.2 -1.16 2.4 -1.86 4.3 -0.18 6.6 -0.75 6.3 0.17 4A ES

COMLAB 1.8 -0.21 27.5 0.37 11.3 -0.52 0.5 -0.30 0.5 -0.61 1.4 0.07 2.7 0.01 4.4 0.10 7.1 0.42 6.6 0.84 4A MS

COMLAB 2.0 0.50 28.9 1.66 12.2 1.17 0.5 0.25 0.6 0.01 1.5 0.45 2.8 0.34 4.4 0.10 7.2 0.58 7.2 2.00 4A MS

COMLAB 1.7 -0.51 28.0 0.82 11.7 0.27 0.5 0.25 0.5 -0.76 1.5 0.45 2.9 0.89 4.5 0.39 7.2 0.58 6.6 0.78 4A ICP

COMLAB 1.3 -1.81 28.4 1.19 10.9 -1.16 0.3 -1.83 0.4 -1.22 1.3 -0.68 2.6 -0.65 4.2 -0.41 7.1 0.25 5.9 -0.58 4A AAS

COMLAB 2.1 0.73 26.0 -1.08 11.2 -0.66 0.4 -0.41 0.5 -0.53 1.4 0.02 2.6 -0.71 4.2 -0.55 6.8 -0.35 6.3 0.21 4A MS

COMLAB 2.1 0.70 29.2 1.94 11.5 -0.09 <1.0 bld <1.0 bld 1.7 1.25 2.9 1.06 4.4 0.19 7.1 0.29 5.6 -1.25 4A ES

COMLAB 2.0 0.50 23.0 -3.00 11.0 -0.98 1.0 3.00 1.0 3.00 2.0 3.00 3.0 1.44 4.0 -1.03 8.0 2.35 6.0 -0.44 4A ES

COMLAB 1.6 -0.84 26.0 -1.06 11.0 -0.98 0.4 -0.85 0.6 0.01 1.4 -0.09 2.6 -0.76 4.1 -0.75 6.4 -1.20 6.1 -0.23 4A ICP

COMLAB 3.0 3.00 28.0 0.82 11.0 -0.98 <1.0 bld <1.0 bld 1.0 -2.23 4.0 3.00 5.0 1.81 8.0 2.35 6.0 -0.44 4A AAS

COMLAB 1.6 -0.71 24.8 -2.16 10.6 -1.64 0.4 -0.96 0.5 -0.83 1.3 -0.79 2.5 -1.20 4.1 -0.69 6.5 -1.06 6.4 0.39 4A MS

COMLAB 2.2 1.17 26.6 -0.49 12.5 1.70 1.1 3.00 0.8 1.53 1.5 0.45 2.8 0.34 4.5 0.39 7.5 1.24 6.6 0.78 4A ES

COMLAB 2.2 1.17 20.0 -3.00 12.0 0.83 0.4 -0.85 1.3 3.00 3.1 3.00 3.6 3.00 6.5 3.00 7.0 0.11 6.6 0.78 4A AAS

COMLAB 1.2 -2.18 14.8 -3.00 11.0 -0.98 <0.5 bld <0.5 bld 1.3 -0.62 2.6 -0.76 4.1 -0.75 6.7 -0.53 6.0 -0.44 4A AAS

COMLAB 2.0 0.50 26.0 -1.06 12.0 0.81 <1.0 bld <1.0 bld <1.0 bld 3.0 1.44 4.0 -1.03 6.0 -2.08 5.0 -2.47 4A AAS

COMLAB 1.7 -0.51 26.9 -0.21 10.3 -2.23 <0.3 bld 0.5 -0.76 1.3 -0.62 2.7 -0.21 4.2 -0.46 6.8 -0.31 5.8 -0.84 4A AAS

COMLAB 2.0 0.50 26.2 -0.87 11.8 0.45 0.6 1.34 0.8 1.53 1.7 1.52 3.4 3.00 5.0 1.81 7.9 2.13 6.3 0.17 4A ES

COMLAB 1.6 -0.98 22.9 -3.00 9.6 -3.00 0.5 0.11 0.7 0.88 1.3 -0.36 2.3 -2.27 3.8 -1.57 6.1 -1.92 5.1 -2.31 4A MS

COMLAB 2.3 1.50 29.0 1.75 11.8 0.45 <0.5 bld 0.9 2.29 1.8 2.06 3.1 1.99 5.0 1.81 7.4 1.02 7.5 2.61 4A ES

COMLAB <2.0 bld 26.5 -0.59 12.3 1.35 <2.0 bld <2.0 bld <2.0 bld 2.7 -0.49 4.9 1.38 6.7 -0.47 5.9 -0.66 4A ES

COMLAB 1.8 -0.31 25.0 -1.99 13.0 2.60 0.4 -0.52 0.5 -0.76 1.4 -0.03 2.6 -0.76 4.2 -0.46 6.9 0.00 5.9 -0.62 4A ES

COMLAB 1.3 -1.85 nr nr 11.8 0.45 0.3 -1.94 0.4 -1.52 1.2 -1.16 2.6 -0.76 4.1 -0.75 6.4 -1.20 5.3 -1.86 4A ES

COMLAB 1.9 0.16 28.0 0.82 11.7 0.27 <1.0 bld <1.0 bld 1.2 -1.16 2.6 -0.76 4.4 0.10 7.1 0.36 6.7 0.98 4A ES

COMLAB 2.3 1.50 27.1 -0.03 11.1 -0.80 0.5 0.25 0.7 0.77 1.6 0.99 2.7 -0.21 4.3 -0.18 6.8 -0.31 6.5 0.58 4A AAS

MINELAB 3.7 3.00 13.0 -3.00 12.3 1.29 1.4 3.00 1.0 3.00 1.9 2.81 3.4 3.00 4.7 1.07 7.8 1.95 6.7 0.94 4A

MINELAB 5.2 3.00 55.6 3.00 21.5 3.00 0.4 -0.85 1.3 3.00 2.6 3.00 5.1 3.00 7.9 3.00 12.8 3.00 12.2 3.00 4A ES

MINELAB 2.5 2.17 27.4 0.26 25.7 3.00 10.2 3.00 <2.0 bld 3.4 3.00 2.8 0.34 3.9 -1.32 6.4 -1.20 5.8 -0.84 FA GRAV

MINELAB 1.8 -0.17 27.0 -0.12 12.2 1.17 0.6 1.34 0.6 0.01 1.5 0.45 3.0 1.44 4.5 0.39 7.1 0.36 6.2 -0.03 4A ES

MINELAB 2.0 0.50 26.0 -1.06 11.2 -0.62 <1.0 bld <1.0 bld 1.4 -0.09 2.5 -1.31 4.3 -0.18 7.7 1.69 6.8 1.19 4A AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Insufficient reliable results were received for the highlighted material. These results do not contribute to the error charts.

Method Reading

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Silver Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Silver Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

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Zarazma Minerals Studies Company ReportPage 12

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Silver (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 1.3 11.3 10.9 0.4 0.5 1.4 2.7 4.3 6.9 6.3

STDEV (ppm) 0.2 1.0 0.7 0.1 0.1 0.2 0.2 0.3 0.3 0.4

95% CI (ppm) 0.1 0.2 0.2 0.0 0.0 0.0 0.0 0.1 0.1 0.1

95% CI (%) 4.52% 2.18% 1.55% 8.94% 6.43% 3.28% 1.82% 1.49% 1.12% 1.48% Silver Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 0.9 9.3 9.4 0.2 0.3 1.0 2.3 3.9 6.1 5.6

MEDIAN (ppm) 1.4 11.1 11.0 0.4 0.5 1.4 2.7 4.3 6.9 6.3

MAX (ppm) 1.8 14.0 12.3 0.5 0.7 1.8 3.2 4.9 7.7 7.0

IQR (ppm) 0.3 1.3 0.8 0.1 0.1 0.2 0.3 0.3 0.3 0.5

COUNT 46 64 64 33 38 54 57 59 60 61

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 1.6 1.28 12.3 0.96 10.5 -0.62 0.4 0.49 0.5 -0.07 1.4 0.23 2.7 -0.16 4.6 1.02 6.9 0.06 6.4 0.22 AR ICP

COMLAB 1.4 0.31 14.0 2.65 10.5 -0.62 0.4 0.49 0.6 0.91 1.4 0.23 2.5 -1.21 4.3 -0.18 6.8 -0.27 6.2 -0.32 AR ICP

COMLAB 1.4 0.31 12.4 1.06 10.7 -0.32 0.4 0.49 0.5 -0.07 1.4 0.23 2.8 0.37 4.4 0.22 7.1 0.72 6.4 0.22 AR ICP

COMLAB 1.5 0.80 13.1 1.75 9.7 -1.78 0.7 3.00 0.7 1.90 1.6 1.44 3.1 1.95 4.6 1.02 7.1 0.72 6.9 1.57 AR ES

COMLAB 1.5 0.80 11.9 0.56 11.6 0.99 0.4 0.49 0.5 -0.07 1.4 0.23 2.8 0.37 4.7 1.41 7.0 0.39 6.9 1.57 AR ES

COMLAB 1.5 0.80 10.7 -0.64 11.5 0.84 0.3 -0.60 0.5 -0.07 1.5 0.84 2.9 0.89 4.5 0.62 6.9 0.06 6.8 1.30 AR ES

COMLAB 1.3 -0.17 10.8 -0.54 11.4 0.70 0.5 1.58 0.5 -0.07 1.5 0.84 2.7 -0.16 4.4 0.22 7.0 0.39 6.8 1.30 AR ES

COMLAB 1.8 2.25 10.5 -0.84 11.9 1.43 0.3 -0.60 0.4 -1.06 1.4 0.23 2.7 -0.16 4.2 -0.58 7.0 0.39 6.2 -0.32 AR ICP

COMLAB 1.5 0.80 10.9 -0.44 10.8 -0.18 0.3 -0.60 0.4 -1.06 1.5 0.84 2.6 -0.69 4.3 -0.18 6.9 0.06 6.6 0.76 AR ES

COMLAB 1.3 -0.17 11.2 -0.14 11.0 0.11 0.3 -0.60 0.5 -0.07 1.3 -0.37 2.7 -0.16 4.3 -0.18 6.7 -0.60 6.2 -0.32 AR ES

COMLAB <0.2 -3.00 10.4 -0.94 11.0 0.11 <0.2 bld 0.3 -2.05 1.2 -0.97 2.6 -0.69 4.3 -0.18 6.7 -0.60 6.1 -0.59 AR ES

COMLAB 1.1 -1.14 10.4 -0.94 11.2 0.40 0.2 -1.69 0.5 -0.07 1.4 0.23 2.7 -0.16 4.0 -1.38 6.8 -0.27 6.3 -0.05 AR ES

COMLAB 1.4 0.31 10.7 -0.64 10.7 -0.32 nr nr nr nr 1.4 0.23 2.6 -0.69 4.1 -0.98 6.7 -0.60 6.2 -0.32 AR AAS

COMLAB 1.3 -0.17 10.4 -0.94 10.9 -0.03 0.3 -0.60 0.4 -1.06 1.3 -0.37 2.6 -0.69 4.3 -0.18 6.7 -0.60 6.1 -0.59 AR AAS

COMLAB 1.4 0.31 10.3 -1.04 12.2 1.86 0.5 1.58 0.6 0.91 1.5 0.84 2.8 0.37 4.4 0.22 7.2 1.05 6.5 0.49 AR ES

COMLAB 1.7 1.67 10.4 -0.99 10.7 -0.40 0.4 0.49 0.5 0.22 1.5 0.60 2.8 0.21 4.3 -0.26 7.0 0.22 6.1 -0.51 AR MS

COMLAB 1.4 0.46 9.4 -1.90 10.3 -0.92 0.5 1.36 0.6 1.21 1.4 -0.01 2.6 -0.48 4.2 -0.50 6.6 -1.09 5.8 -1.46 AR ES

COMLAB 1.6 1.35 11.5 0.13 11.4 0.73 0.3 -0.37 0.5 -0.01 1.4 0.29 2.7 -0.23 4.7 1.35 7.2 1.19 6.4 0.32 AR ICP

COMLAB <0.3 -3.00 10.2 -1.14 11.6 0.99 <0.3 bld <0.3 bld 1.0 -2.18 2.3 -2.27 4.4 0.22 6.8 -0.27 5.7 -1.67 AR ES

COMLAB 1.1 -1.06 10.7 -0.63 10.0 -1.39 0.4 0.45 0.4 -0.79 1.5 0.63 2.6 -0.78 4.9 2.18 6.8 -0.30 6.2 -0.40 AR MS

COMLAB 1.5 0.80 25.5 3.00 11.0 0.11 0.5 1.58 0.5 -0.07 1.5 0.84 3.0 1.42 4.5 0.62 7.0 0.39 6.5 0.49 AR MS

COMLAB 1.1 -1.04 8.1 -3.00 8.2 -3.00 0.2 -1.26 0.3 -2.25 1.0 -2.18 2.0 -3.00 3.1 -3.00 5.0 -3.00 4.4 -3.00 AR,MICR ES

COMLAB <1.0 bld <1.0 -3.00 17.2 3.00 3.8 3.00 <1.0 bld <1.0 bld <1.0 -3.00 <1.0 -3.00 <1.0 -3.00 <1.0 -3.00 AR AAS

COMLAB 1.2 -0.66 13.1 1.75 11.9 1.43 <0.5 bld <0.5 bld 1.2 -0.97 2.6 -0.69 4.2 -0.58 6.8 -0.27 6.3 -0.05 AR MS

COMLAB 1.0 -1.43 10.2 -1.14 10.3 -0.91 0.3 -0.82 0.4 -0.96 1.3 -0.55 2.5 -1.16 3.9 -1.82 6.5 -1.36 5.8 -1.35 AR AAS

COMLAB 1.4 0.26 10.5 -0.86 10.9 -0.06 0.4 0.05 0.5 0.12 1.4 -0.01 2.8 0.31 4.2 -0.66 6.8 -0.34 5.7 -1.59 AR MS

COMLAB 2.3 3.00 10.9 -0.44 10.6 -0.47 <1.0 bld <1.0 bld 1.6 1.44 2.7 -0.16 4.3 -0.18 6.8 -0.27 6.2 -0.32 AR ES

COMLAB 1.4 0.41 11.7 0.33 11.2 0.46 0.4 0.27 0.6 0.42 1.5 0.66 3.0 1.21 4.9 2.05 7.2 0.98 6.5 0.36 AR MS

COMLAB 1.6 1.28 11.9 0.56 12.3 2.01 0.9 3.00 0.4 -1.06 1.3 -0.37 2.6 -0.69 4.3 -0.18 7.2 1.05 6.4 0.22 AR ES

COMLAB 1.6 1.28 12.0 0.66 9.4 -2.22 0.5 1.58 0.7 1.90 1.5 0.84 2.7 -0.16 4.4 0.22 6.3 -1.92 5.7 -1.67 AR AAS

COMLAB 0.5 -3.00 15.0 3.00 11.2 0.40 0.7 3.00 0.7 1.90 1.8 2.65 3.0 1.42 4.2 -0.58 6.8 -0.27 7.8 3.00 1A ICP

COMLAB 1.3 -0.17 11.1 -0.24 11.3 0.55 0.4 0.49 0.7 1.41 1.5 0.84 2.6 -0.69 4.4 0.22 6.8 -0.27 6.8 1.30 AR AAS

COMLAB 1.3 -0.03 11.2 -0.14 11.1 0.26 <0.3 bld 0.5 -0.17 1.5 0.60 2.9 0.79 4.5 0.66 7.2 1.18 6.7 0.92 3A AAS

COMLAB 1.2 -0.90 11.2 -0.13 9.7 -1.80 0.5 1.47 0.7 1.90 1.4 0.17 2.6 -0.90 4.4 0.14 7.0 0.32 6.6 0.63 2A AAS

COMLAB 1.2 -0.66 10.0 -1.34 9.6 -1.93 0.3 -0.60 1.1 3.00 2.0 3.00 3.3 3.00 4.8 1.81 6.7 -0.60 6.4 0.22 AR MS

COMLAB 1.5 0.80 11.2 -0.14 9.4 -2.22 0.4 0.49 0.5 -0.07 1.4 0.23 2.8 0.37 4.1 -0.98 6.1 -2.58 9.0 3.00 AR ES

COMLAB <2.0 bld 11.6 0.22 11.5 0.77 <2.0 bld <2.0 bld <2.0 bld 2.7 -0.37 4.4 0.26 6.6 -0.93 5.6 -1.89 AR ES

COMLAB 1.0 -1.62 11.7 0.36 11.5 0.84 0.3 -0.60 0.4 -1.06 1.2 -0.97 2.5 -1.21 4.0 -1.38 6.4 -1.59 5.9 -1.13 AR ES

COMLAB 1.4 0.31 11.6 0.26 11.4 0.70 0.3 -0.60 0.5 -0.07 1.5 0.84 2.8 0.37 4.4 0.22 7.1 0.72 6.8 1.30 AR AAS

COMLAB 1.3 -0.17 11.0 -0.34 10.8 -0.18 <1.0 bld <1.0 bld 1.4 0.23 2.7 -0.16 4.2 -0.58 6.9 0.06 6.3 -0.05 AR ES

COMLAB 2.0 3.00 13.0 1.65 10.0 -1.35 <0.5 bld 1.0 3.00 1.0 -2.18 3.0 1.42 4.0 -1.38 7.0 0.39 6.0 -0.86 3A ICP

COMLAB 1.4 0.31 11.1 -0.24 8.6 -3.00 0.4 0.49 0.5 -0.07 1.4 0.23 2.6 -0.69 4.2 -0.58 6.4 -1.59 6.2 -0.32 AR AAS

MINELAB 1.1 -1.00 12.3 0.96 10.6 -0.54 0.3 -0.16 0.5 -0.47 1.4 -0.07 2.7 -0.27 4.2 -0.54 6.9 0.16 6.3 0.00 AR AAS

MINELAB 0.9 -2.35 10.9 -0.49 9.8 -1.71 0.3 -0.60 0.5 -0.37 1.4 -0.07 2.6 -0.90 4.3 -0.14 7.0 0.29 6.4 0.19 AR AAS

MINELAB <5.0 bld 12.0 0.66 11.0 0.11 <5.0 bld <5.0 bld <5.0 bld <5.0 bld <5.0 bld 7.0 0.39 7.0 1.85 3A AAS

MINELAB <2.0 bld 10.6 -0.73 9.4 -2.29 <2.0 bld 20.6 3.00 <2.0 bld 0.9 -3.00 2.4 -3.00 3.1 -3.00 3.5 -3.00 AR ICP

MINELAB 7.2 3.00 13.7 2.36 8.6 -3.00 4.1 3.00 3.1 3.00 4.1 3.00 5.5 3.00 15.8 3.00 10.3 3.00 6.5 0.52 AR AAS

MINELAB 1.1 -1.14 10.7 -0.64 10.7 -0.32 0.2 -1.69 0.4 -1.06 1.4 0.23 2.6 -0.69 4.2 -0.58 6.8 -0.27 6.0 -0.86 AR AAS

MINELAB <2.0 bld 14.5 3.00 10.9 -0.03 <2.0 bld <2.0 bld <2.0 bld 2.8 0.37 4.7 1.41 6.8 -0.27 6.3 -0.05 3A AAS

MINELAB <10.0 bld 12.0 0.66 11.0 0.11 <10.0 bld <10.0 bld <10.0 bld <10.0 bld <10.0 bld <10.0 bld <10.0 bld 3A AAS

MINELAB 7.0 3.00 7.0 -3.00 7.0 -3.00 1.0 3.00 <1.0 bld <1.0 bld <1.0 -3.00 0.4 -3.00 2.0 -3.00 0.3 -3.00 3A ES

MINELAB 5.0 3.00 12.0 0.66 14.0 3.00 <3.0 bld <3.0 bld <3.0 bld 6.0 3.00 6.0 3.00 8.0 3.00 8.0 3.00 AR AAS

MINELAB 1.2 -0.66 12.4 1.06 10.1 -1.20 <1.0 bld <1.0 bld 1.0 -2.18 2.3 -2.27 4.1 -0.98 6.4 -1.59 6.0 -0.86 ICP

MINELAB <1.0 bld 15.0 3.00 11.0 0.11 <1.0 bld 2.0 3.00 2.0 3.00 3.0 1.42 3.0 -3.00 5.0 -3.00 8.0 3.00 3A AAS

MINELAB 1.0 -1.62 13.0 1.65 12.0 1.57 <1.0 bld 1.0 3.00 1.0 -2.18 3.0 1.42 4.0 -1.38 7.0 0.39 7.0 1.85 AR AAS

MINELAB nr nr 7.0 -3.00 13.0 3.00 1.0 3.00 1.0 3.00 1.0 -2.18 3.0 1.42 7.0 3.00 9.0 3.00 7.0 1.85 AR AAS

MINELAB 1.5 0.60 10.9 -0.44 11.3 0.48 <0.5 bld <0.5 bld 1.3 -0.67 2.9 0.68 4.2 -0.74 6.8 -0.20 6.1 -0.51 AR ES

MINELAB 1.6 1.43 11.6 0.28 11.1 0.19 <1.0 bld <1.0 bld 1.4 -0.01 2.6 -0.53 4.4 0.22 7.4 1.71 6.6 0.71 AR MS

MINELAB 2.2 3.00 11.1 -0.29 10.7 -0.27 <1.0 bld <1.0 bld 1.3 -0.25 2.7 -0.27 3.9 -1.74 7.0 0.49 5.6 -1.89 AR ES

MINELAB <3.0 bld 11.8 0.43 11.3 0.57 <3.0 bld <3.0 bld <3.0 bld <3.0 bld 4.1 -1.18 6.6 -1.03 5.9 -1.16 AR ES

MINELAB 1.1 -1.14 10.8 -0.54 11.6 0.99 0.3 -0.60 0.5 -0.07 1.3 -0.37 2.9 0.89 4.3 -0.18 7.1 0.72 6.0 -0.86 AR ES

MINELAB 0.7 -3.00 12.8 1.50 11.2 0.33 0.2 -1.69 0.6 0.42 1.5 0.84 2.8 0.37 4.6 0.82 6.5 -1.29 6.4 0.22 AR AAS

MINELAB 2.1 3.00 9.3 -2.04 11.4 0.70 1.1 3.00 0.9 3.00 1.9 3.00 3.3 3.00 5.4 3.00 7.7 2.70 6.7 1.03 AR ES

MINELAB <0.1 -3.00 11.2 -0.17 13.8 3.00 0.7 3.00 <0.1 -3.00 <0.1 -3.00 0.7 -3.00 2.4 -3.00 4.1 -3.00 1.8 -3.00 AR ES

MINELAB 1.5 0.75 10.6 -0.74 10.8 -0.18 <0.5 bld 0.5 0.22 1.5 0.84 2.9 0.79 4.3 -0.26 6.7 -0.63 6.3 0.03 AR AAS

MINELAB <0.1 -3.00 11.5 0.19 11.7 1.18 1.3 3.00 2.8 3.00 1.5 0.53 3.1 1.79 4.8 1.73 7.8 3.00 5.6 -1.86 AR ICP

MINELAB 1.3 -0.17 11.9 0.56 10.7 -0.32 bld bld bld bld 1.5 0.84 2.5 -1.21 4.0 -1.38 7.0 0.39 6.3 -0.05 AR AAS

MINELAB 4.3 3.00 10.7 -0.64 11.4 0.70 <2.0 bld <2.0 bld 2.3 3.00 3.3 3.00 4.7 1.41 7.4 1.71 6.6 0.76 3A AAS

MINELAB 4.0 3.00 10.5 -0.84 11.2 0.40 <2.0 bld <2.0 bld <2.0 bld 3.2 2.47 4.6 1.02 7.2 1.05 6.5 0.49 3A AAS

MINELAB 1.2 -0.66 13.3 1.95 11.1 0.26 <0.5 bld <0.5 bld 1.3 -0.37 2.6 -0.69 4.8 1.81 7.4 1.71 6.8 1.30 3A AAS

MINELAB 1.4 0.31 10.5 -0.84 11.2 0.40 <1.0 bld <1.0 bld 1.4 0.23 2.5 -1.21 4.0 -1.38 6.6 -0.93 6.2 -0.32 AR AAS

MINELAB <5.0 bld 11.7 0.36 10.9 -0.03 <5.0 bld <5.0 bld <5.0 bld <5.0 bld <5.0 bld 5.4 -3.00 5.0 -3.00 AR ICP

MINELAB 4.5 3.00 11.0 -0.34 11.0 0.11 2.0 3.00 1.8 3.00 2.0 3.00 3.4 3.00 4.5 0.54 7.5 1.97 6.8 1.41 AR AAS

MINELAB 1.2 -0.75 10.5 -0.81 11.8 1.22 0.2 -1.37 0.5 -0.27 1.4 0.17 2.7 0.05 4.4 0.38 6.8 -0.43 6.6 0.84 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Insufficient reliable results were received for the highlighted material. These results do not contribute to the error charts.

Method Reading

COMLAB

COMLAB

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Zarazma Minerals Studies Company Report Page 13

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Silver Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Silver Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

0 1 2

COMLAB

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-3 -2 -1 0 1 2 3

Zarazma Minerals Studies Company ReportPage 14

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Copper (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 872 117 2718 3238 1259 2702 4445 6686 3392 1531

STDEV (ppm) 45 6 91 116 33 76 126 125 90 60

95% CI (ppm) 11 2 23 29 9 19 32 34 24 15

95% CI (%) 1.29% 1.37% 0.84% 0.90% 0.68% 0.72% 0.72% 0.51% 0.70% 0.99% Copper Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 778 106 2500 2920 1181 2550 4184 6455 3160 1389

MEDIAN (ppm) 874 116 2725 3240 1260 2703 4450 6700 3409 1530

MAX (ppm) 986 134 2954 3500 1350 2900 4790 6950 3632 1690

IQR (ppm) 68 7 132 143 41 89 182 181 121 87

COUNT 62 59 62 61 59 60 60 53 56 61

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 901 0.65 111 -0.99 2718 0.00 3152 -0.75 1256 -0.09 2731 0.38 4790 2.74 7255 3.00 3756 3.00 1568 0.61 4A ES

COMLAB 835 -0.82 124 1.10 2810 1.01 3400 1.40 1260 0.03 2850 1.95 4540 0.75 6710 0.19 3510 1.31 1610 1.30 4A ICP

COMLAB 834 -0.84 129 1.90 2650 -0.75 3220 -0.16 1350 2.75 2880 2.35 4340 -0.83 6950 2.10 3690 3.00 1650 1.97 4A ICP

COMLAB 824 -1.06 124 1.10 2590 -1.41 2920 -2.75 1260 0.03 2600 -1.34 4270 -1.39 5810 -3.00 3160 -2.56 1430 -1.69 4A ICP

COMLAB 899 0.61 114 -0.51 2755 0.41 3274 0.31 1285 0.79 2744 0.56 4451 0.05 6662 -0.19 3417 0.28 1540 0.14 4A ES

COMLAB 906 0.76 115 -0.34 2679 -0.43 3233 -0.05 1291 0.97 2726 0.32 4527 0.65 6758 0.57 3408 0.18 1534 0.04 4A ES

COMLAB 900 0.63 113 -0.67 2800 0.90 3170 -0.59 1210 -1.48 2660 -0.55 4480 0.28 6640 -0.37 3390 -0.02 1580 0.81 4A ES

COMLAB 892 0.45 116 -0.18 2760 0.46 3230 -0.07 1230 -0.87 2730 0.37 4340 -0.83 6830 1.15 3410 0.20 1500 -0.52 4A ES

COMLAB 862 -0.22 111 -0.99 2765 0.52 3263 0.21 1250 -0.27 2680 -0.29 4515 0.56 6820 1.07 3355 -0.41 1560 0.47 4A ES

COMLAB 901 0.65 113 -0.67 2880 1.78 3260 0.19 1230 -0.87 2740 0.50 4560 0.91 6530 -1.24 3440 0.53 1540 0.14 4A ES

COMLAB 920 1.08 134 2.71 2830 1.23 3660 3.00 1290 0.94 2800 1.29 4540 0.75 7220 3.00 3330 -0.68 1690 2.63 4A ES

COMLAB 895 0.52 112 -0.83 2810 1.01 3440 1.74 1250 -0.27 2670 -0.42 4450 0.04 6710 0.19 3480 0.97 1580 0.81 4A ICP

COMLAB 909 0.83 122 0.78 2890 1.89 3300 0.53 1280 0.64 2710 0.11 4740 2.34 6820 1.07 3430 0.42 1700 2.80 4A ES

COMLAB 810 -1.38 118 0.14 2760 0.46 3200 -0.33 1260 0.03 2720 0.24 4560 0.91 6760 0.59 3400 0.09 1580 0.81 4A ES

COMLAB 889 0.38 112 -0.83 2790 0.79 3300 0.53 1250 -0.27 2630 -0.95 4380 -0.52 6620 -0.53 3460 0.75 1570 0.64 4A ES

COMLAB 898 0.59 115 -0.34 2745 0.30 3298 0.51 1250 -0.27 2636 -0.87 4391 -0.43 6780 0.75 3429 0.41 1527 -0.07 4A ES

COMLAB 882 0.23 113 -0.67 2710 -0.09 3220 -0.16 1200 -1.78 2610 -1.21 4350 -0.75 6230 -3.00 3310 -0.90 1490 -0.69 4A ES

COMLAB 872 0.01 114 -0.51 2730 0.13 3270 0.27 1270 0.34 2670 -0.42 4360 -0.68 6640 -0.37 3390 -0.02 1480 -0.86 4A ES

COMLAB 960 1.97 107 -1.63 2580 -1.52 3460 1.91 1370 3.00 2750 0.63 4850 3.00 7640 3.00 3390 -0.02 1590 0.97 4A ES

COMLAB 916 0.99 121 0.54 2740 0.24 3360 1.05 1255 -0.12 2720 0.24 4570 0.99 6870 1.47 3580 2.08 1510 -0.36 4A MS

COMLAB 873 0.03 114 -0.51 2633 -0.94 3114 -1.07 1190 -2.08 2566 -1.79 4312 -1.06 6581 -0.84 3320 -0.79 1450 -1.35 5A ES

COMLAB 882 0.22 118 0.14 2662 -0.62 3157 -0.70 1235 -0.73 2572 -1.70 4365 -0.64 6470 -1.72 3312 -0.88 1453 -1.31 4A ICP

COMLAB 849 -0.51 114 -0.51 2750 0.35 3270 0.27 1270 0.34 2720 0.24 4410 -0.28 6650 -0.29 3440 0.53 1490 -0.69 4A ES

COMLAB 820 -1.15 106 -1.79 2740 0.24 3240 0.01 1230 -0.87 2730 0.37 4390 -0.44 6620 -0.53 3480 0.97 1520 -0.19 4A ES

COMLAB 832 -0.89 120 0.43 2702 -0.18 3089 -1.29 1247 -0.35 2792 1.18 4475 0.24 6663 -0.19 3386 -0.07 1465 -1.10 4A MS

COMLAB 874 0.05 114 -0.51 2756 0.42 3304 0.57 1286 0.82 2756 0.71 4496 0.40 6712 0.21 3466 0.82 1614 1.37 4A ES

COMLAB 916 0.99 113 -0.67 2800 0.90 3300 0.53 1260 0.03 2690 -0.16 4520 0.60 6680 -0.05 3420 0.31 1520 -0.19 4A ICP

COMLAB 718 -3.00 130 2.06 2566 -1.68 3140 -0.85 1275 0.49 2640 -0.81 4441 -0.03 6505 -1.44 3220 -1.90 1481 -0.84 4A ES

COMLAB 890 0.41 111 -1.07 2801 0.91 3380 1.22 1260 0.03 2655 -0.62 4271 -1.38 6728 0.33 3358 -0.38 1545 0.23 3A,MICR ES

COMLAB 902 0.67 113 -0.67 2783 0.71 3328 0.77 1311 1.57 2754 0.69 4641 1.56 6903 1.73 3536 1.59 1614 1.37 4A MS,AAS

COMLAB 903 0.70 117 0.02 2745 0.29 3204 -0.30 1298 1.17 2779 1.02 4537 0.73 6894 1.66 3426 0.38 1517 -0.25 4A ES

COMLAB 841 -0.69 108 -1.47 2620 -1.08 3050 -1.63 1200 -1.78 2550 -2.00 4290 -1.23 6470 -1.72 3270 -1.35 1430 -1.69 4A MS

COMLAB 908 0.81 116 -0.18 2778 0.66 3268 0.26 1245 -0.42 2663 -0.51 4428 -0.14 6651 -0.28 3451 0.65 1541 0.16 4A ES

COMLAB 881 0.21 118 0.15 2731 0.14 3220 -0.16 1277 0.56 2766 0.84 4523 0.62 6781 0.76 3453 0.68 1539 0.12 4A MS

COMLAB 844 -0.62 126 1.42 2700 -0.20 3250 0.10 1300 1.24 2700 -0.02 4490 0.36 6690 0.03 3450 0.64 1580 0.81 4A ES

COMLAB 920 1.08 119 0.30 2854 1.50 3453 1.85 1326 2.03 2834 1.74 4650 1.63 6815 1.03 3470 0.86 1589 0.96 4A ICP

COMLAB 829 -0.95 113 -0.62 2736 0.20 3236 -0.02 1255 -0.12 2708 0.08 4492 0.37 6739 0.42 3449 0.63 1536 0.08 4A ES

COMLAB 883 0.25 109 -1.31 2628 -0.99 3124 -0.99 1256 -0.09 2675 -0.35 4337 -0.86 6589 -0.77 3368 -0.26 1558 0.44 4A ES

COMLAB 819 -1.18 116 -0.18 2575 -1.58 3044 -1.68 1291 0.97 2736 0.45 4615 1.35 6789 0.82 3412 0.22 1501 -0.51 4A ES

COMLAB 848 -0.53 130 2.06 2650 -0.75 3130 -0.94 1240 -0.57 2690 -0.16 4880 3.00 7510 3.00 3820 3.00 1520 -0.19 4A ICP

COMLAB 850 -0.48 125 1.26 2630 -0.97 3210 -0.25 1260 0.03 2650 -0.68 4400 -0.36 6700 0.11 3360 -0.35 1550 0.31 4A AAS

COMLAB 823 -1.09 117 -0.02 2682 -0.40 3196 -0.37 1216 -1.30 2556 -1.92 4272 -1.37 6731 0.36 3372 -0.22 1479 -0.87 4A ES

COMLAB 909 0.83 111 -0.99 2720 0.02 3283 0.39 1263 0.12 2710 0.11 4450 0.04 6735 0.39 3460 0.75 1532 0.01 4A ES

COMLAB 834 -0.84 119 0.30 2954 2.60 3404 1.43 1215 -1.33 1567 -3.00 4671 1.79 7257 3.00 3752 3.00 1493 -0.64 4A

COMLAB 937 1.46 122 0.76 2800 0.90 3354 1.00 1242 -0.51 2658 -0.57 4271 -1.38 6545 -1.12 3194 -2.18 1484 -0.79 4A ICP

COMLAB 801 -1.58 126 1.40 2500 -2.40 3038 -1.73 1282 0.71 2627 -0.98 4274 -1.36 6465 -1.76 3273 -1.31 1510 -0.36 4A AAS

COMLAB 843 -0.64 114 -0.51 2610 -1.19 3270 0.27 1250 -0.27 2670 -0.42 4430 -0.12 6710 0.19 3430 0.42 1500 -0.52 4A AAS

COMLAB 822 -1.11 118 0.14 2692 -0.29 3024 -1.85 1317 1.75 2799 1.28 4461 0.13 6597 -0.71 3317 -0.83 1585 0.89 4A AAS

COMLAB 786 -1.91 112 -0.83 2594 -1.37 3144 -0.82 1243 -0.48 2680 -0.29 4378 -0.53 6640 -0.37 3322 -0.77 1478 -0.89 4A AAS

COMLAB 861 -0.24 124 1.10 2560 -1.74 3150 -0.76 1230 -0.87 2670 -0.42 4510 0.52 6590 -0.77 3310 -0.90 1480 -0.86 4A ES

COMLAB 866 -0.13 121 0.68 2864 1.61 3332 0.81 1363 3.00 2806 1.37 4655 1.67 6781 0.76 3445 0.58 1714 3.00 4A MS

COMLAB 911 0.88 264 3.00 2702 -0.18 3294 0.48 1282 0.70 2743 0.54 4184 -2.07 6459 -1.81 3290 -1.13 1398 -2.22 4A ES

COMLAB 911 0.87 119 0.31 2664 -0.60 3359 1.04 1267 0.23 2706 0.05 4347 -0.78 6778 0.73 3419 0.30 1640 1.81 4A ES

COMLAB 812 -1.33 119 0.30 2698 -0.22 3231 -0.06 1181 -2.35 2588 -1.50 4326 -0.94 6654 -0.26 3219 -1.91 1389 -2.37 4A ES

COMLAB 909 0.83 122 0.78 2819 1.11 3315 0.66 1275 0.49 2690 -0.16 4347 -0.78 6811 1.00 3426 0.38 1489 -0.71 4A ES

COMLAB 973 2.26 113 -0.67 2632 -0.95 3258 0.17 1284 0.76 2837 1.78 4581 1.08 6858 1.37 3525 1.47 1529 -0.04 4A ICP

COMLAB 872 0.01 117 -0.02 2735 0.19 3320 0.70 1282 0.70 2760 0.77 4566 0.96 6892 1.64 3415 0.26 1530 -0.02 4A ES

COMLAB 894 0.50 114 -0.51 2718 0.00 3235 -0.03 1266 0.21 2731 0.38 4452 0.06 6776 0.72 3491 1.10 1514 -0.29 4A AAS

MINELAB 834 -0.84 114 -0.51 2646 -0.79 3138 -0.87 1218 -1.24 2645 -0.75 4301 -1.14 6515 -1.36 3332 -0.66 1480 -0.86 FUS ES

MINELAB 800 -1.60 200 3.00 3000 3.00 3500 2.26 1300 1.24 2900 2.61 4600 1.23 7300 3.00 3700 3.00 1600 1.14 FUS XRF

MINELAB 986 2.56 129 1.88 2875 1.73 3037 -1.74 1418 3.00 2994 3.00 4912 3.00 7391 3.00 3675 3.00 1620 1.47 4A ES

MINELAB 778 -2.09 108 -1.47 2688 -0.33 3264 0.22 1238 -0.63 2652 -0.66 4356 -0.71 6552 -1.07 3310 -0.90 1524 -0.12 4A ES

MINELAB 982 2.46 263 3.00 2811 1.02 3704 3.00 1382 3.00 2984 3.00 4620 1.39 7086 3.00 3632 2.65 1843 3.00 3A,MICR ES

MINELAB 850 -0.48 120 0.46 2643 -0.83 3264 0.22 1260 0.03 2727 0.33 4487 0.33 6764 0.62 3380 -0.13 1577 0.76 4A AASMINELAB 867 -0.10 <200 bld 2608 -1.21 3211 -0.24 1289 0.91 2618 -1.10 4247 -1.57 6455 -1.84 3679 3.00 1576 0.74 FUS ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Copper Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Copper Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

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Zarazma Minerals Studies Company ReportPage 16

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Copper (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 840 112 2695 3182 1263 2728 4473 6749 3421 1535

STDEV (ppm) 51 7 104 126 46 77 116 200 91 51

95% CI (ppm) 12 2 25 29 11 18 28 48 22 12

95% CI (%) 1.41% 1.49% 0.93% 0.92% 0.85% 0.67% 0.62% 0.72% 0.64% 0.78% Copper Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 715 97 2440 2859 1139 2550 4165 6267 3229 1422

MEDIAN (ppm) 838 111 2715 3217 1256 2722 4460 6742 3427 1533

MAX (ppm) 964 130 2863 3400 1366 2914 4743 7140 3649 1669

IQR (ppm) 70 8 129 150 59 104 150 260 147 66

COUNT 72 62 67 73 72 69 68 67 68 70

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 768 -1.40 114 0.26 2660 -0.34 3040 -1.12 1300 0.79 2860 1.71 4430 -0.37 6890 0.70 3340 -0.89 1550 0.30 AR ICP

COMLAB 770 -1.36 129 2.51 2530 -1.59 3080 -0.80 1335 1.55 2895 2.17 4440 -0.29 7025 1.38 3410 -0.12 1640 2.07 AR ICP

COMLAB 793 -0.91 118 0.86 2500 -1.88 2890 -2.31 1330 1.44 2760 0.41 4460 -0.12 6870 0.60 3320 -1.11 1600 1.28 AR ICP

COMLAB 811 -0.56 125 1.91 2803 1.04 3191 0.07 1354 1.96 3027 3.00 4720 2.12 7140 1.95 3564 1.58 1552 0.34 AR ES

COMLAB 854 0.28 108 -0.64 2740 0.44 3250 0.54 1223 -0.88 2625 -1.34 4460 -0.12 6900 0.75 3320 -1.11 1540 0.10 AR ES

COMLAB 867 0.54 106 -0.94 2840 1.40 3280 0.78 1220 -0.94 2770 0.54 4570 0.83 6870 0.60 3400 -0.23 1550 0.30 AR ES

COMLAB 868 0.56 114 0.26 2810 1.11 3310 1.02 1255 -0.18 2770 0.54 4570 0.83 6780 0.16 3410 -0.12 1625 1.78 AR ES

COMLAB 906 1.30 102 -1.54 2740 0.44 3400 1.73 1240 -0.51 2710 -0.24 4380 -0.80 6710 -0.19 3470 0.54 1510 -0.49 AR ICP

COMLAB 858 0.36 114 0.26 2630 -0.63 3250 0.54 1270 0.14 2710 -0.24 4410 -0.55 6670 -0.39 3400 -0.23 1500 -0.69 AR ES

COMLAB 874 0.67 114 0.26 2730 0.34 3248 0.53 1281 0.38 2698 -0.39 4387 -0.74 6758 0.05 3465 0.49 1533 -0.04 AR ES

COMLAB 888 0.95 105 -1.09 2780 0.82 3310 1.02 1240 -0.51 2700 -0.37 4320 -1.32 6780 0.16 3440 0.21 1530 -0.10 AR ES

COMLAB 853 0.26 105 -1.09 2740 0.44 3240 0.46 1220 -0.94 2640 -1.15 4320 -1.32 6490 -1.29 3360 -0.67 1500 -0.69 AR ES

COMLAB 799 -0.80 109 -0.49 2670 -0.24 3130 -0.41 1265 0.03 2690 -0.50 4440 -0.29 6850 0.50 3520 1.09 1495 -0.79 AR AAS

COMLAB 860 0.40 108 -0.64 2650 -0.43 3270 0.70 1270 0.14 2750 0.28 4410 -0.55 6870 0.60 3500 0.87 1560 0.49 AR AAS

COMLAB 872 0.63 108 -0.64 2740 0.44 3240 0.46 1255 -0.18 2630 -1.28 4430 -0.37 6870 0.60 3400 -0.23 1580 0.89 AR ES

COMLAB 884 0.87 107 -0.86 2840 1.40 3380 1.57 1255 -0.18 2660 -0.89 4470 -0.03 6590 -0.79 3390 -0.34 1490 -0.89 AR MS

COMLAB 790 -0.97 120 1.16 2473 -2.14 2911 -2.14 1232 -0.68 2690 -0.50 4422 -0.44 6704 -0.22 3305 -1.27 1487 -0.95 AR ES

COMLAB 831 -0.17 119 1.07 2883 1.82 3329 1.16 1095 -3.00 2643 -1.11 4433 -0.35 6478 -1.35 3418 -0.03 1422 -2.23 AR AAS

COMLAB 831 -0.17 107 -0.84 2578 -1.13 3111 -0.56 1242 -0.47 2681 -0.61 4434 -0.34 6620 -0.64 3324 -1.06 1497 -0.75 AR ICP

COMLAB 964 2.44 110 -0.34 2737 0.41 3222 0.32 1278 0.31 2757 0.37 4498 0.21 6582 -0.83 3535 1.26 1609 1.46 AR ES

COMLAB 808 -0.63 116 0.53 2336 -3.00 3030 -1.20 1204 -1.30 2710 -0.24 4500 0.23 6478 -1.35 3254 -1.83 1459 -1.51 AR MS

COMLAB 843 0.07 111 -0.19 2760 0.63 3240 0.46 1240 -0.51 2680 -0.63 4330 -1.24 6680 -0.34 3490 0.76 1480 -1.08 AR ICP

COMLAB 962 2.40 125 1.92 3154 3.00 3356 1.38 1173 -1.95 3670 3.00 5664 3.00 8068 3.00 4084 3.00 1669 2.64 AR,MICR ES

COMLAB 827 -0.25 <1 -3.00 2741 0.44 3247 0.52 1182 -1.77 2622 -1.38 4574 0.87 6535 -1.07 3276 -1.59 1470 -1.28 AR ES

COMLAB 889 0.97 117 0.71 2728 0.32 3238 0.45 1276 0.27 2777 0.63 4511 0.32 6940 0.95 3490 0.76 1541 0.12 AR ES

COMLAB 828 -0.22 110 -0.41 2713 0.17 3166 -0.12 1249 -0.31 2703 -0.33 4484 0.09 6728 -0.10 3432 0.13 1528 -0.14 AR ES

COMLAB 845 0.11 112 -0.04 2612 -0.80 3080 -0.80 1247 -0.36 2663 -0.85 4372 -0.87 6612 -0.68 3273 -1.62 1532 -0.06 AR ES

COMLAB 873 0.65 113 0.11 2712 0.16 3324 1.13 1263 -0.01 2741 0.17 4542 0.59 6711 -0.19 3462 0.46 1533 -0.04 3A ES

COMLAB 834 -0.12 114 0.19 2525 -1.64 3000 -1.44 1235 -0.62 2675 -0.69 4270 -1.75 6550 -0.99 3320 -1.11 1475 -1.18 AR ES

COMLAB 853 0.25 114 0.31 2468 -2.19 2998 -1.45 1227 -0.80 2641 -1.14 4353 -1.04 6490 -1.29 3229 -2.11 1422 -2.23 AR MS

COMLAB 904 1.26 107 -0.79 2709 0.14 3237 0.44 1257 -0.14 2687 -0.54 4447 -0.23 6707 -0.21 3454 0.37 1518 -0.33 AR ES

COMLAB 863 0.46 133 3.00 2575 -1.16 3101 -0.64 1366 2.22 2903 2.27 4701 1.96 7138 1.94 3473 0.58 1611 1.50 AR AAS

COMLAB 799 -0.80 121 1.31 2772 0.74 3178 -0.03 1234 -0.64 2659 -0.90 4481 0.06 6493 -1.28 3396 -0.27 1500 -0.69 3A ICP

COMLAB 802 -0.74 109 -0.55 2801 1.02 3326 1.14 1209 -1.19 2690 -0.50 4391 -0.71 6669 -0.40 3487 0.73 1473 -1.22 AR ICP

COMLAB 797 -0.83 nr nr 2602 -0.90 3121 -0.48 1251 -0.27 2798 0.91 4410 -0.55 6775 0.13 3411 -0.11 1538 0.06 3A AAS

COMLAB 926 1.69 134 3.00 2760 0.63 3370 1.49 1340 1.66 2790 0.80 4690 1.86 7060 1.55 3580 1.75 1510 -0.49 AR ES

COMLAB 795 -0.87 114 0.26 2440 -2.46 2920 -2.07 1280 0.36 2710 -0.24 4330 -1.24 6690 -0.29 3320 -1.11 1450 -1.68 AR MS

COMLAB 847 0.14 112 -0.04 2663 -0.31 3191 0.07 1220 -0.94 2755 0.35 4460 -0.12 >5000 ald 3383 -0.41 1505 -0.59 AR ES

COMLAB 848 0.16 106 -0.98 2574 -1.17 3229 0.37 1212 -1.11 2644 -1.10 4441 -0.28 6692 -0.28 3305 -1.27 1517 -0.36 AR ES

COMLAB 834 -0.11 106 -0.94 2672 -0.22 3117 -0.51 1252 -0.25 2656 -0.94 4101 -3.00 6484 -1.32 3297 -1.36 1499 -0.71 AR ES

COMLAB 881 0.81 114 0.26 2715 0.19 3145 -0.29 1307 0.94 2798 0.91 4608 1.16 6883 0.67 3448 0.30 1538 0.06 AR ES

COMLAB 858 0.36 97 -2.28 2678 -0.16 3280 0.78 1281 0.38 2810 1.06 4540 0.57 6962 1.06 3518 1.07 1577 0.83 3A ICP

COMLAB 780 -1.17 120 1.16 2209 -3.00 3030 -1.20 1279 0.34 2771 0.56 4376 -0.84 6608 -0.70 3312 -1.19 1533 -0.04 AR AAS

MINELAB 830 -0.19 123 1.61 2699 0.04 3246 0.51 1252 -0.25 2778 0.65 4743 2.32 6821 0.36 3407 -0.15 1514 -0.42 AR AAS

MINELAB 820 -0.38 80 -3.00 2610 -0.82 3110 -0.57 1220 -0.94 2620 -1.41 4340 -1.15 6650 -0.49 3410 -0.12 1530 -0.10 3A AAS

MINELAB 825 -0.29 bld bld 2548 -1.42 3009 -1.37 1249 -0.31 2673 -0.72 4463 -0.09 6299 -2.24 3289 -1.45 1528 -0.14 AR AAS

MINELAB 814 -0.50 <200 bld 2660 -0.34 3169 -0.10 1281 0.38 2722 -0.08 4484 0.09 6788 0.20 3456 0.39 1549 0.28 3A AAS

MINELAB 833 -0.13 222 3.00 2818 1.18 3276 0.75 1325 1.34 2764 0.47 4438 -0.30 6722 -0.13 3447 0.29 1591 1.11 AR ICP

MINELAB 867 0.53 130 2.71 1646 -3.00 3217 0.28 1364 2.18 2719 -0.12 4685 1.83 2916 -3.00 3559 1.52 7151 3.00 AR AAS

MINELAB 730 -2.15 110 -0.34 2460 -2.27 2930 -1.99 1168 -2.07 2550 -2.32 4165 -2.66 6910 0.80 3103 -3.00 1423 -2.21 AR AAS

MINELAB 785 -1.07 115 0.41 2705 0.10 3123 -0.46 1259 -0.10 2640 -1.15 4350 -1.06 6964 1.07 3334 -0.95 1584 0.97 3A AAS

MINELAB 900 1.18 <500 bld 2800 1.01 3200 0.15 1300 0.79 2800 0.93 4500 0.23 6700 -0.24 3600 1.97 1600 1.28 3A AAS

MINELAB 855 0.30 408 3.00 2780 0.82 3346 1.30 1292 0.62 2771 0.56 4539 0.56 6893 0.72 3482 0.68 1530 -0.10 3A ES

MINELAB 873 0.64 112 -0.10 2791 0.93 3361 1.42 1256 -0.16 2788 0.78 4549 0.65 7060 1.55 3385 -0.39 1527 -0.15 ICP

MINELAB 801 -0.76 103 -1.39 2764 0.67 3033 -1.18 1329 1.42 2793 0.84 4260 -1.84 6290 -2.29 3127 -3.00 1457 -1.54 3A AAS

MINELAB 750 -1.76 117 0.71 2706 0.11 2986 -1.55 1280 0.36 2781 0.69 5070 3.00 7430 3.00 3482 0.68 1556 0.42 AR AAS

MINELAB 765 -1.46 <500 bld 2343 -3.00 2859 -2.55 1139 -2.70 2386 -3.00 3964 -3.00 5962 -3.00 3022 -3.00 1350 -3.00 AR AAS

MINELAB 906 1.30 111 -0.23 2728 0.32 3226 0.35 1299 0.77 2809 1.05 4581 0.93 6775 0.13 3547 1.39 1565 0.60 AR ES

MINELAB 865 0.50 111 -0.22 2801 1.02 3196 0.12 1328 1.40 2815 1.13 4615 1.22 7553 3.00 3522 1.12 1556 0.41 AR MS

MINELAB 836 -0.07 110 -0.27 2647 -0.46 3143 -0.31 1231 -0.71 2738 0.13 4450 -0.20 6746 -0.01 3384 -0.40 1493 -0.83 AR ES

MINELAB 878 0.75 112 -0.08 2797 0.98 3290 0.86 1283 0.42 2802 0.96 4549 0.65 6623 -0.63 3496 0.84 1573 0.75 AR ES

MINELAB 836 -0.07 108 -0.64 2754 0.57 3192 0.08 1232 -0.68 2676 -0.68 4502 0.25 6774 0.13 3422 0.02 1534 -0.02 AR ES

MINELAB 830 -0.19 103 -1.39 2750 0.53 3235 0.42 1300 0.79 2756 0.36 4535 0.53 6880 0.65 3450 0.32 1585 0.99 AR AAS

MINELAB 846 0.12 118 0.86 2572 -1.19 3217 0.28 1254 -0.21 2769 0.53 4449 -0.21 6876 0.63 3447 0.29 1498 -0.73 AR ES

MINELAB 817 -0.44 104 -1.20 2674 -0.20 3153 -0.22 1250 -0.30 2663 -0.85 4379 -0.82 6625 -0.62 3337 -0.92 1527 -0.16 AR ES

MINELAB 742 -1.91 109 -0.49 2727 0.31 3261 0.63 1272 0.18 2662 -0.86 4395 -0.68 6725 -0.12 3411 -0.11 1537 0.04 AR AAS

MINELAB 929 1.75 113 0.11 2674 -0.20 3246 0.51 1304 0.88 2763 0.45 4595 1.05 6727 -0.11 3649 2.51 1566 0.61 AR AAS

MINELAB 798 -0.82 118 0.86 2634 -0.59 3132 -0.39 1251 -0.27 2740 0.15 4512 0.33 6962 1.06 3492 0.79 1572 0.73 AR AAS

MINELAB 841 0.02 111 -0.14 2796 0.98 3289 0.85 1319 1.21 2776 0.62 4505 0.27 7028 1.39 3442 0.23 1593 1.15 3A AAS

MINELAB 942 2.01 111 -0.25 2847 1.47 3358 1.39 1319 1.20 2889 2.09 4609 1.16 7058 1.54 3520 1.09 1619 1.66 3A AAS

MINELAB 715 -2.45 125 1.89 2863 1.62 3280 0.78 1331 1.46 2914 2.42 4585 0.96 7100 1.75 3462 0.45 1598 1.25 3A AAS

MINELAB 786 -1.06 109 -0.49 2608 -0.83 3253 0.56 1257 -0.14 2657 -0.93 4443 -0.26 6742 -0.03 3317 -1.14 1521 -0.27 AR AAS

MINELAB 874 0.67 106 -0.94 2768 0.71 3220 0.30 1203 -1.31 2572 -2.03 4320 -1.32 6460 -1.44 3328 -1.02 1438 -1.91 AR AAS

MINELAB 820 -0.39 108 -0.57 2797 0.98 3244 0.50 1248 -0.34 2684 -0.58 4682 1.80 6524 -1.12 3439 0.21 1555 0.39 AR ICPMINELAB 533 -3.00 118 0.86 2180 -3.00 3032 -1.18 1063 -3.00 2254 -3.00 4056 -3.00 6267 -2.40 3116 -3.00 1280 -3.00 AR AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Copper Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Copper Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

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Lead (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 527 56 13 9 9 10 10 12 241 471

STDEV (ppm) 33 4 2 2 2 2 2 2 7 23

95% CI (ppm) 9 1 0 1 1 1 1 1 2 6

95% CI (%) 1.64% 1.75% 3.78% 5.93% 5.46% 5.12% 6.06% 4.28% 0.81% 1.31% Lead Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 448 49 9 6 5 6 7 8 223 409

MEDIAN (ppm) 534 56 13 9 9 10 10 12 242 469

MAX (ppm) 584 65 18 14 14 15 15 17 255 519

IQR (ppm) 34 4 3 3 2 3 3 2 9 24

COUNT 57 53 50 46 46 46 46 50 54 55

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 546 0.57 56 0.03 12 -0.47 10 0.10 9 -0.17 9 -0.79 9 -0.65 11 -0.54 240 -0.19 490 0.84 4A ES

COMLAB 476 -1.54 58 0.50 12 -0.69 11 0.89 6 -1.90 7 -1.89 7 -1.43 11 -0.65 235 -0.88 434 -1.58 4A ICP

COMLAB 463 -1.94 57 0.22 12 -0.69 10 0.37 10 0.40 12 0.84 7 -1.43 8 -2.26 280 3.00 501 1.32 4A ICP

COMLAB 448 -2.39 55 -0.33 13 -0.13 9 -0.16 8 -0.75 6 -2.43 <3 -3.00 10 -1.19 233 -1.16 445 -1.11 4A ICP

COMLAB 547 0.60 57 0.22 <20 bld <20 bld <20 bld <20 bld <20 bld <20 bld 248 0.92 466 -0.20 4A ES

COMLAB 564 1.12 62 1.61 16 1.55 10 0.37 4 -3.00 8 -1.34 9 -0.46 9 -1.72 230 -1.58 495 1.06 4A ES

COMLAB 522 -0.15 54 -0.60 14 0.43 7 -1.22 5 -2.47 10 -0.25 10 0.03 12 -0.12 244 0.36 497 1.14 4A ES

COMLAB 541 0.42 55 -0.33 12 -0.69 6 -1.75 10 0.40 9 -0.79 9 -0.46 12 -0.12 254 1.75 471 0.02 4A ES

COMLAB 512 -0.45 50 -1.71 9 -2.37 7 -1.22 7 -1.32 8 -1.34 8 -0.94 10 -1.19 244 0.36 469 -0.07 4A ES

COMLAB 548 0.63 54 -0.60 15 0.99 6 -1.75 12 1.55 10 -0.25 8 -0.94 13 0.42 242 0.09 468 -0.11 4A ES

COMLAB 569 1.27 62 1.61 16 1.55 9 -0.16 13 2.13 12 0.84 13 1.48 14 0.95 241 -0.05 546 3.00 4A ES

COMLAB 549 0.66 50 -1.71 18 2.67 3 -3.00 7 -1.32 9 -0.79 7 -1.43 12 -0.12 255 1.89 495 1.06 4A ICP

COMLAB 539 0.36 57 0.22 13 -0.13 8 -0.69 7 -1.32 9 -0.79 8 -0.94 10 -1.19 247 0.78 511 1.75 4A ES

COMLAB 448 -2.39 55 -0.33 14 0.43 11 0.89 15 3.00 19 3.00 18 3.00 19 3.00 242 0.09 475 0.19 4A ES

COMLAB 536 0.27 54 -0.60 15 0.99 11 0.89 11 0.98 10 -0.25 13 1.48 15 1.49 247 0.78 500 1.27 4A ES

COMLAB 543 0.48 56 -0.05 12 -0.69 8 -0.69 8 -0.75 10 -0.25 8 -0.94 11 -0.65 245 0.50 490 0.84 4A ES

COMLAB 534 0.21 54 -0.60 15 0.99 11 0.89 11 0.98 12 0.84 10 0.03 14 0.95 241 -0.05 460 -0.46 4A ES

COMLAB 537 0.30 55 -0.33 13 -0.13 10 0.37 11 0.98 13 1.39 11 0.51 13 0.42 244 0.36 441 -1.28 4A ES

COMLAB 582 1.66 54 -0.60 9 -2.37 9 -0.16 8 -0.75 10 -0.25 8 -0.94 13 0.42 238 -0.47 498 1.19 4A ES

COMLAB 557 0.91 56 -0.08 13 -0.36 9 -0.38 9 -0.17 11 0.13 10 -0.02 12 -0.17 264 3.00 540 3.00 4A MS

COMLAB 489 -1.15 65 2.44 15 0.99 13 1.95 10 0.40 13 1.39 13 1.48 13 0.42 229 -1.71 425 -1.97 5A ES

COMLAB 579 1.57 58 0.43 12 -0.42 9 -0.19 10 0.17 10 -0.17 10 0.17 12 -0.10 246 0.69 462 -0.38 4A ICP

COMLAB 549 0.66 55 -0.33 13 -0.13 8 -0.69 9 -0.17 11 0.30 12 0.99 13 0.42 248 0.92 457 -0.59 4A MS

COMLAB 530 0.09 49 -1.99 14 0.43 6 -1.75 9 -0.17 11 0.30 8 -0.94 11 -0.65 239 -0.33 459 -0.50 4A MS

COMLAB 499 -0.86 59 0.85 12 -0.72 8 -0.58 8 -0.63 8 -1.09 8 -1.19 10 -1.05 241 -0.07 441 -1.29 4A MS

COMLAB 532 0.15 60 1.05 <20 bld <20 bld <20 bld <20 bld <20 bld <20 bld 244 0.36 476 0.23 4A ES

COMLAB 525 -0.06 53 -0.88 <25 bld <25 bld <25 bld <25 bld <25 bld <25 bld 236 -0.74 440 -1.32 4A ICP

COMLAB 581 1.63 65 2.44 50 3.00 39 3.00 30 3.00 30 3.00 30 3.00 35 3.00 271 3.00 477 0.28 4A AAS

COMLAB 540 0.40 53 -0.80 <20 bld <20 bld <20 bld <20 bld <20 bld <20 bld 234 -0.97 467 -0.14 3A,MICR ES

COMLAB 543 0.48 59 0.78 14 0.43 11 0.89 10 0.40 12 0.84 12 0.99 13 0.42 245 0.50 458 -0.54 4A MS,AAS

COMLAB 540 0.40 54 -0.52 12 -0.81 9 -0.22 10 0.17 11 0.13 10 0.12 11 -0.44 245 0.54 456 -0.63 4A ES

COMLAB 535 0.24 55 -0.27 13 -0.36 8 -0.48 10 0.29 10 -0.03 11 0.32 13 0.20 245 0.50 469 -0.07 4A MS

COMLAB 532 0.15 60 1.05 12 -0.69 9 -0.16 9 -0.17 10 -0.25 9 -0.46 10 -1.19 244 0.36 465 -0.24 4A ES

COMLAB 546 0.58 56 0.06 13 -0.02 8 -0.53 10 0.35 11 0.13 10 0.22 13 0.15 250 1.17 478 0.30 4A MS

COMLAB 584 1.72 59 0.78 13 -0.13 8 -0.69 9 -0.17 10 -0.25 8 -0.94 10 -1.19 241 -0.05 519 2.10 4A MS

COMLAB 523 -0.12 52 -1.16 12 -0.69 8 -0.69 8 -0.75 10 -0.25 10 0.03 11 -0.65 234 -1.02 481 0.45 4A ICP

COMLAB 497 -0.90 60 1.00 11 -1.03 9 -0.22 8 -0.83 10 -0.40 7 -1.35 12 -0.28 225 -2.27 464 -0.30 4A ES

COMLAB 534 0.21 54 -0.60 14 0.43 9 -0.16 10 0.40 12 0.84 11 0.51 13 0.42 241 -0.05 472 0.06 4A MS

COMLAB 458 -2.09 60 1.05 12 -0.69 11 0.89 10 0.40 19 3.00 7 -1.43 12 -0.12 252 1.47 468 -0.11 4A ES

COMLAB 544 0.51 56 -0.05 12 -0.58 8 -0.64 8 -0.75 9 -0.90 9 -0.65 10 -1.13 242 0.09 492 0.93 4A ICP

COMLAB 539 0.35 50 -1.85 11 -1.37 7 -1.17 9 -0.06 9 -0.96 9 -0.26 11 -0.60 228 -1.80 467 -0.15 4A MS

COMLAB 528 0.03 55 -0.33 12 -0.69 7 -1.22 12 1.55 12 0.84 11 0.51 14 0.95 242 0.09 465 -0.24 4A ES

COMLAB 647 3.00 54 -0.49 40 3.00 21 3.00 26 3.00 31 3.00 26 3.00 99 3.00 317 3.00 557 3.00 4A

COMLAB 489 -1.14 55 -0.27 14 0.26 10 0.58 10 0.17 9 -0.85 11 0.32 14 0.74 237 -0.63 542 3.00 4A ICP

COMLAB 489 -1.16 51 -1.43 24 3.00 16 3.00 7 -1.32 29 3.00 23 3.00 14 0.93 234 -1.05 442 -1.25 4A AAS

COMLAB 507 -0.61 52 -1.16 15 0.99 10 0.37 11 0.98 14 1.94 15 2.45 16 2.02 246 0.64 467 -0.16 4A,FUS AAS,MS

COMLAB 468 -1.79 63 1.88 13 -0.13 <10 bld <10 bld <10 bld <10 bld 12 -0.12 238 -0.47 456 -0.63 4A AAS

COMLAB 503 -0.73 57 0.22 15 0.99 14 2.48 11 0.98 15 2.48 14 1.96 15 1.49 246 0.64 480 0.41 4A AAS

COMLAB 483 -1.33 58 0.50 11 -1.25 8 -0.69 10 0.40 11 0.30 11 0.51 11 -0.65 233 -1.16 506 1.53 4A ES

COMLAB 528 0.02 68 3.00 16 1.75 12 1.37 15 3.00 12 0.58 14 2.11 13 0.47 250 1.19 474 0.15 4A MS

COMLAB 424 -3.00 55 -0.33 13 -0.13 15 3.00 7 -1.32 64 3.00 10 0.03 10 -1.19 223 -2.54 409 -2.67 4A ES

COMLAB 531 0.12 77 3.00 15 1.11 16 3.00 14 2.68 14 2.21 17 3.00 17 2.36 254 1.68 486 0.68 4A ES

COMLAB 535 0.24 56 -0.02 13 -0.25 8 -0.48 10 0.40 11 0.41 11 0.51 13 0.26 243 0.22 475 0.19 4A ES

COMLAB 512 -0.45 39 -3.00 15 0.99 12 1.42 9 -0.17 10 -0.25 10 0.03 13 0.42 242 0.09 417 -2.32 4A ES

COMLAB 570 1.30 50 -1.71 <2 -3.00 11 0.89 <2 -3.00 <2 -3.00 <2 -3.00 3 -3.00 246 0.64 517 2.01 4A ICP

COMLAB 512 -0.45 57 0.22 13 -0.13 9 -0.16 8 -0.75 9 -0.79 9 -0.46 11 -0.65 238 -0.47 476 0.23 4A ES

COMLAB 547 0.60 nr nr nr nr nr nr nr nr nr nr nr nr nr nr 233 -1.16 475 0.19 4A AAS

MINELAB <100 -3.00 <100 bld <100 bld <100 bld <100 bld <100 bld <100 bld <100 bld <100 -3.00 <100 -3.00 FUS XRF

MINELAB 567 1.20 35 -3.00 16 1.61 14 2.26 64 3.00 12 0.91 12 0.93 16 2.08 252 1.48 466 -0.19 4A ES

MINELAB 562 1.06 60 1.05 12 -0.69 10 0.37 8 -0.75 10 -0.25 8 -0.94 10 -1.19 292 3.00 512 1.79 4A ES

MINELAB 383 -3.00 <10 -3.00 <10 bld <10 bld <10 bld <10 bld <10 bld <10 bld 129 -3.00 310 -3.00 3A,MICR ES

MINELAB 545 0.54 58 0.36 13 0.03 11 0.89 10 0.40 9 -0.63 11 0.56 15 1.49 242 0.13 510 1.71 4A AAS

MINELAB 514 -0.38 <200 bld <200 bld <200 bld <200 bld <200 bld <200 bld <200 bld 249 1.06 479 0.35 FUS ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

Zarazma Minerals Studies Company Report Page 19

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Lead Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Lead Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

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Lead (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 471 29 10 8 5 7 6 9 236 468

STDEV (ppm) 65 3 2 1 1 2 1 2 13 25

95% CI (ppm) 17 1 1 0 0 0 0 0 3 7

95% CI (%) 3.60% 2.66% 6.14% 4.84% 7.48% 6.76% 6.01% 4.88% 1.45% 1.40% Lead Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 299 23 5 6 2 4 3 6 205 405

MEDIAN (ppm) 480 29 10 8 4 7 6 9 238 468

MAX (ppm) 603 36 15 12 7 11 8 13 265 529

IQR (ppm) 87 4 3 2 1 2 1 2 18 31

COUNT 58 48 48 45 42 47 42 48 56 55

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 408 -0.97 31 0.78 10 -0.19 8 -0.23 3 -1.43 7 -0.22 5 -0.57 8 -0.63 244 0.58 501 1.37 AR ICP

COMLAB 412 -0.91 28 -0.34 15 2.04 7 -0.97 6 1.24 13 3.00 6 0.33 9 0.03 238 0.12 482 0.59 AR ICP

COMLAB 357 -1.75 31 0.78 12 0.70 7 -0.97 7 2.12 7 -0.22 5 -0.57 8 -0.63 232 -0.35 474 0.26 AR ICP

COMLAB 334 -2.10 32 1.15 11 0.25 10 1.23 11 3.00 10 1.51 16 3.00 10 0.68 237 0.04 432 -1.45 AR ES

COMLAB 503 0.48 30 0.41 10 -0.19 6 -1.70 4 -0.54 7 -0.22 6 0.33 9 0.03 236 -0.04 459 -0.35 AR ES

COMLAB 480 0.13 28 -0.34 10 -0.19 9 0.50 4 -0.54 6 -0.80 6 0.33 9 0.03 240 0.27 480 0.51 AR ES

COMLAB 472 0.01 28 -0.34 12 0.70 10 1.23 6 1.24 10 1.51 6 0.33 10 0.68 240 0.27 487 0.79 AR ES

COMLAB 525 0.82 29 0.04 15 2.04 10 1.23 4 -0.54 8 0.36 6 0.33 11 1.33 246 0.73 468 0.02 AR ICP

COMLAB 500 0.44 30 0.41 12 0.70 9 0.50 4 -0.54 8 0.36 6 0.33 7 -1.28 243 0.50 452 -0.63 AR ES

COMLAB 497 0.39 28 -0.34 10 -0.19 8 -0.23 5 0.35 7 -0.22 5 -0.57 8 -0.63 240 0.27 490 0.92 AR ES

COMLAB 492 0.32 28 -0.34 11 0.25 9 0.50 6 1.24 8 0.36 5 -0.57 8 -0.63 238 0.12 462 -0.23 AR ES

COMLAB 494 0.35 28 -0.34 12 0.70 8 -0.23 4 -0.54 7 -0.22 6 0.33 7 -1.28 238 0.12 457 -0.43 AR ES

COMLAB 467 -0.07 29 0.04 nr nr nr nr nr nr nr nr nr nr nr nr 242 0.43 468 0.02 AR AAS

COMLAB 496 0.38 27 -0.71 9 -0.64 9 0.50 6 1.24 7 -0.22 6 0.33 9 0.03 239 0.19 475 0.30 AR AAS

COMLAB 477 0.09 28 -0.34 11 0.25 9 0.50 4 -0.54 8 0.36 6 0.33 9 0.03 237 0.04 489 0.88 AR ES

COMLAB 456 -0.23 27 -0.56 9 -0.69 7 -0.90 4 -0.27 7 -0.34 5 -0.48 8 -0.56 244 0.58 460 -0.31 AR MS

COMLAB 299 -2.63 26 -1.08 13 1.15 12 2.70 8 3.00 11 2.09 8 2.14 11 1.33 222 -1.12 435 -1.33 AR ES

COMLAB 585 1.73 31 0.87 10 -0.09 8 -0.31 5 -0.01 7 -0.12 6 -0.12 9 0.01 247 0.80 500 1.34 AR ICP

COMLAB 549 1.19 25 -1.45 10 -0.19 10 1.23 4 -0.54 4 -1.96 8 2.14 11 1.33 248 0.89 486 0.75 AR ES

COMLAB 473 0.02 31 0.76 15 1.94 7 -1.33 3 -1.18 5 -1.13 4 -1.38 10 0.64 224 -0.97 451 -0.69 AR MS

COMLAB 532 0.93 53 3.00 12 0.70 7 -0.97 8 3.00 11 2.09 10 3.00 10 0.68 245 0.66 472 0.18 AR MS

COMLAB 401 -1.07 17 -3.00 8 -1.25 7 -0.79 3 -1.18 6 -1.06 6 0.00 11 1.27 216 -1.58 362 -3.00 AR,MICR ES

COMLAB 526 0.83 14 -3.00 25 3.00 26 3.00 7 2.55 21 3.00 27 3.00 38 3.00 249 0.98 492 1.00 AR ES

COMLAB 509 0.58 32 1.15 11 0.25 9 0.50 5 0.35 8 0.36 6 0.33 9 0.03 237 0.04 465 -0.10 AR ES

COMLAB 476 0.07 29 -0.04 7 -1.53 6 -1.98 3 -1.00 6 -1.03 4 -1.10 7 -1.23 223 -1.07 445 -0.94 AR ES

COMLAB 517 0.70 31 0.78 11 0.25 9 0.50 6 1.24 8 0.36 6 0.33 8 -0.63 229 -0.58 465 -0.10 AR MS

COMLAB 541 1.06 55 3.00 <30 bld <30 bld <30 bld <30 bld <30 bld <30 bld 2101 3.00 485 0.71 3A ES

COMLAB 486 0.22 31 0.78 7 -1.53 9 0.50 <5 bld 6 -0.80 <5 bld <5 bld 232 -0.35 442 -1.04 AR ES

COMLAB 532 0.92 28 -0.41 11 0.07 8 -0.31 5 0.17 7 -0.05 6 0.24 9 0.16 243 0.46 474 0.24 AR MS

COMLAB 521 0.76 27 -0.71 9 -0.64 7 -0.97 5 0.35 7 -0.22 5 -0.57 8 -0.63 238 0.12 464 -0.14 AR ES

COMLAB 305 -2.54 35 2.26 10 -0.19 9 0.50 5 0.35 9 0.94 7 1.23 10 0.68 207 -2.28 439 -1.16 AR AAS

COMLAB 431 -0.62 48 3.00 8 -1.09 3 -3.00 5 0.35 7 -0.22 5 -0.57 9 0.03 256 1.51 567 3.00 3A ICP

COMLAB 415 -0.86 25 -1.38 9 -0.55 7 -0.75 3 -1.52 5 -1.21 4 -1.48 7 -1.48 227 -0.76 419 -1.97 AR ICP

COMLAB 454 -0.27 32 1.15 12 0.70 10 1.23 6 1.24 9 0.94 6 0.33 9 0.03 241 0.35 471 0.14 AR MS

COMLAB 518 0.71 30 0.41 10 -0.19 7 -0.97 4 -0.54 6 -0.80 5 -0.57 7 -1.28 228 -0.66 461 -0.27 AR MS

COMLAB 349 -1.87 24 -1.82 10 -0.19 8 -0.23 <3 bld 6 -0.80 3 -2.38 6 -1.93 205 -2.44 405 -2.55 AR ES

COMLAB 479 0.12 29 0.09 14 1.62 14 3.00 6 1.36 13 3.00 12 3.00 15 3.00 243 0.49 474 0.26 AR ES

COMLAB 399 -1.11 28 -0.34 10 -0.19 9 0.50 5 0.35 8 0.36 5 -0.57 8 -0.63 208 -2.20 424 -1.78 AR ES

COMLAB 519 0.73 30 0.41 12 0.70 9 0.50 4 -0.54 6 -0.80 5 -0.57 8 -0.63 246 0.73 489 0.88 AR ES

COMLAB 893 3.00 40 3.00 89 3.00 49 3.00 49 3.00 69 3.00 81 3.00 66 3.00 348 3.00 594 3.00 3A ICP

COMLAB 367 -1.60 26 -1.08 8 -1.09 7 -0.97 4 -0.54 11 2.09 5 -0.57 10 0.68 230 -0.50 476 0.35 AR AAS

MINELAB 449 -0.34 25 -1.63 7 -1.53 6 -1.38 4 -0.90 6 -1.06 4 -1.05 6 -1.69 246 0.71 466 -0.07 AR ES

MINELAB 526 0.84 25 -1.45 14 1.59 14 3.00 <5 bld 5 -1.38 9 3.00 11 1.33 249 0.97 491 0.96 3A AAS

MINELAB 543 1.09 32 1.28 14 1.43 15 3.00 <10 bld 11 2.31 14 3.00 13 2.54 254 1.35 520 2.13 AR ICP

MINELAB 405 -1.01 30 0.43 433 3.00 9 0.13 4 -0.63 7 -0.22 8 2.36 11 1.53 226 -0.83 7 -3.00 AR AAS

MINELAB 537 1.00 <50 bld <50 bld <50 bld <50 bld <50 bld <50 bld <50 bld 255 1.43 487 0.79 3A AAS

MINELAB 700 3.00 <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld 3A AAS

MINELAB 222 -3.00 14 -3.00 7 -1.53 8 -0.23 4 -0.54 7 -0.22 8 2.14 12 1.99 104 -3.00 175 -3.00 3A ES

MINELAB 506 0.52 27 -0.63 9 -0.73 7 -0.90 4 -0.63 7 -0.40 5 -0.85 8 -0.95 225 -0.87 439 -1.16 ICP

MINELAB 422 -0.75 29 -0.13 11 0.34 9 0.65 5 0.63 8 0.14 7 1.10 9 0.14 218 -1.41 434 -1.37 AR ES

MINELAB 436 -0.55 29 -0.14 nr nr nr nr nr nr nr nr nr nr 9 0.18 228 -0.65 467 -0.02 AR MS

MINELAB 471 0.00 19 -3.00 5 -2.32 11 2.01 14 3.00 8 0.52 6 0.11 10 0.76 225 -0.89 447 -0.85 AR ES

MINELAB 461 -0.15 30 0.43 <17 bld <17 bld <17 bld <17 bld <17 bld <17 bld 242 0.43 454 -0.53 AR ES

MINELAB 494 0.35 32 1.15 10 -0.19 8 -0.23 4 -0.54 8 0.36 6 0.33 8 -0.63 248 0.89 470 0.10 AR ES

MINELAB 477 0.09 40 3.00 <10 bld <10 bld <10 bld 17 3.00 <10 bld 17 3.00 259 1.74 487 0.79 AR ES

MINELAB 603 2.01 46 3.00 48 3.00 43 3.00 67 3.00 73 3.00 64 3.00 70 3.00 277 3.00 529 2.51 AR AAS

MINELAB 550 1.20 bld bld bld bld bld bld bld bld bld bld bld bld bld bld 246 0.73 475 0.30 AR AAS

MINELAB 526 0.83 32 1.07 34 3.00 28 3.00 14 3.00 14 3.00 16 3.00 14 3.00 247 0.80 488 0.83 3A AAS

MINELAB 500 0.44 36 2.45 11 0.43 9 0.50 6 0.88 8 0.36 6 0.42 9 0.16 265 2.18 498 1.24 3A AAS

MINELAB 510 0.59 23 -2.19 12 0.61 10 1.38 4 -0.36 9 1.11 9 3.00 10 0.42 232 -0.32 457 -0.44 AR AAS

MINELAB 451 -0.31 26 -0.99 8 -0.91 8 -0.29 4 -0.21 6 -0.52 5 -0.23 7 -1.14 232 -0.34 461 -0.27 AR ICP

MINELAB 418 -0.81 30 0.44 9 -0.64 7 -0.68 2 -1.96 5 -1.61 5 -1.03 7 -1.54 213 -1.82 428 -1.60 AR AAS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Lead Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Lead Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 22

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Zinc (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 486 12 254 90 37 43 97 121 583 1139

STDEV (ppm) 22 2 18 10 3 4 5 7 20 59

95% CI (ppm) 6 0 5 2 1 1 1 2 5 15

95% CI (%) 1.19% 4.01% 1.82% 2.74% 1.89% 2.41% 1.33% 1.55% 0.91% 1.31% Zinc Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 429 8 217 66 31 33 88 104 544 978

MEDIAN (ppm) 489 12 253 90 36 43 96 121 582 1139

MAX (ppm) 532 16 286 112 43 53 108 141 638 1275

IQR (ppm) 27 2 23 11 3 5 6 9 24 61

COUNT 55 46 57 59 53 52 54 56 56 61

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 492 0.26 18 3.00 233 -1.17 82 -0.85 41 1.57 49 1.40 102 0.98 132 1.45 569 -0.70 1120 -0.32 4A ES

COMLAB 429 -2.64 12 -0.08 242 -0.66 90 -0.02 36 -0.20 43 -0.07 99 0.46 125 0.49 589 0.30 1110 -0.49 4A ICP

COMLAB 476 -0.48 13 0.52 247 -0.38 93 0.29 39 0.98 44 0.19 103 1.30 129 1.06 591 0.39 1170 0.53 4A ICP

COMLAB 410 -3.00 11 -0.68 227 -1.51 88 -0.23 37 0.19 43 -0.07 97 0.04 115 -0.91 549 -1.69 1090 -0.83 4A ICP

COMLAB 466 -0.94 <20 bld 242 -0.66 88 -0.23 34 -0.99 40 -0.86 93 -0.79 119 -0.35 556 -1.34 1119 -0.33 4A ES

COMLAB 464 -1.03 11 -0.68 228 -1.45 83 -0.75 34 -0.99 40 -0.86 91 -1.21 112 -1.33 582 -0.05 1105 -0.57 4A ES

COMLAB 502 0.72 11 -0.68 282 1.61 97 0.71 35 -0.60 43 -0.07 100 0.67 123 0.21 615 1.59 1250 1.89 4A ES

COMLAB 506 0.90 12 -0.08 274 1.15 97 0.71 37 0.19 43 -0.07 98 0.25 125 0.49 615 1.59 1180 0.70 4A ES

COMLAB 445 -1.90 7 -3.00 257 0.19 90 -0.02 33 -1.39 39 -1.13 94 -0.58 121 -0.07 580 -0.15 1160 0.36 4A ES

COMLAB 498 0.54 12 -0.08 279 1.44 97 0.71 35 -0.60 43 -0.07 97 0.04 120 -0.21 611 1.39 1160 0.36 4A ES

COMLAB 525 1.78 14 1.12 285 1.78 112 2.27 38 0.59 46 0.72 101 0.88 132 1.48 588 0.25 1275 2.31 4A ES

COMLAB 504 0.81 6 -3.00 278 1.38 99 0.92 34 -0.99 46 0.72 96 -0.17 122 0.07 611 1.39 1190 0.87 4A ICP

COMLAB 503 0.77 15 1.72 271 0.98 94 0.40 34 -0.99 43 -0.07 109 2.55 130 1.20 593 0.49 1210 1.21 4A ES

COMLAB 464 -1.03 16 2.32 248 -0.32 88 -0.23 36 -0.20 42 -0.34 90 -1.42 114 -1.05 582 -0.05 1130 -0.15 4A ES

COMLAB 499 0.58 12 -0.08 278 1.38 99 0.92 37 0.19 41 -0.60 99 0.46 121 -0.07 617 1.68 1220 1.38 4A ES

COMLAB 497 0.49 12 -0.08 273 1.10 97 0.71 34 -0.99 41 -0.60 93 -0.79 121 -0.07 592 0.44 1166 0.46 4A ES

COMLAB 486 -0.02 12 -0.08 267 0.76 98 0.81 35 -0.60 41 -0.60 95 -0.37 116 -0.77 576 -0.35 1150 0.19 4A ES

COMLAB 481 -0.25 12 -0.08 259 0.30 96 0.61 35 -0.60 51 2.03 96 -0.17 117 -0.63 601 0.89 1120 -0.32 4A ES

COMLAB 532 2.10 10 -1.28 258 0.25 104 1.44 38 0.59 42 -0.34 108 2.34 141 2.74 594 0.54 1250 1.89 4A ES

COMLAB 505 0.86 12 -0.08 263 0.53 103 1.33 37 0.19 41 -0.60 102 1.09 128 0.92 626 2.13 1200 1.04 4A MS

COMLAB 496 0.44 12 -0.08 244 -0.55 66 -2.51 25 -3.00 61 3.00 108 2.34 133 1.62 569 -0.70 1072 -1.13 5A ES

COMLAB 491 0.23 11 -0.92 258 0.25 97 0.69 34 -0.91 40 -0.89 95 -0.46 113 -1.18 547 -1.77 1177 0.65 4A ICP

COMLAB 482 -0.20 11 -0.68 247 -0.38 86 -0.43 36 -0.20 43 -0.07 100 0.67 119 -0.35 579 -0.20 1070 -1.16 4A ES

COMLAB 520 1.55 <200 bld 270 0.93 <200 bld <200 bld <200 bld <200 bld <200 bld 600 0.84 1150 0.19 NAA

COMLAB 482 -0.20 8 -2.48 250 -0.21 88 -0.23 34 -0.99 40 -0.86 96 -0.17 118 -0.49 592 0.44 1130 -0.15 4A ES

COMLAB 489 0.13 13 0.46 278 1.40 92 0.16 38 0.59 46 0.77 102 1.09 129 1.03 584 0.06 1122 -0.29 4A MS

COMLAB 469 -0.80 24 3.00 253 -0.04 96 0.61 59 3.00 59 3.00 113 3.00 148 3.00 582 -0.05 1140 0.02 4A ES

COMLAB 580 3.00 10 -1.28 253 -0.04 94 0.40 31 -2.17 45 0.45 98 0.25 114 -1.05 573 -0.50 1140 0.02 4A ICP

COMLAB 496 0.44 26 3.00 245 -0.49 72 -1.89 50 3.00 51 2.03 98 0.25 154 3.00 582 -0.05 1143 0.07 4A AAS

COMLAB 484 -0.12 <20 bld 243 -0.63 78 -1.27 21 -3.00 24 -3.00 77 -3.00 106 -2.24 577 -0.30 1139 0.01 3A,MICR ES

COMLAB 495 0.40 15 1.72 199 -3.00 80 -1.06 36 -0.20 45 0.45 90 -1.42 115 -0.91 560 -1.14 1065 -1.25 4A MS,AAS

COMLAB 497 0.49 11 -0.68 267 0.76 95 0.50 36 -0.24 42 -0.23 97 -0.04 122 0.07 581 -0.10 1147 0.14 4A ES

COMLAB 458 -1.30 12 -0.38 249 -0.26 89 -0.12 34 -0.99 39 -1.26 90 -1.52 115 -0.91 549 -1.69 1070 -1.16 4A MS

COMLAB 496 0.44 12 -0.08 256 0.13 95 0.50 37 0.19 42 -0.34 96 -0.17 119 -0.35 589 0.30 1146 0.12 4A ES

COMLAB 506 0.90 13 0.52 265 0.64 96 0.61 38 0.59 42 -0.34 96 -0.17 125 0.49 603 0.99 1167 0.48 4A MS

COMLAB 525 1.78 13 0.52 261 0.42 110 2.06 40 1.38 49 1.51 103 1.30 127 0.78 582 -0.05 1260 2.06 4A ES

COMLAB 524 1.73 9 -1.88 260 0.36 95 0.50 35 -0.60 42 -0.34 98 0.25 125 0.49 582 -0.05 1226 1.48 4A ICP

COMLAB 505 0.87 12 -0.26 251 -0.14 81 -0.97 36 -0.12 40 -0.94 92 -0.94 126 0.56 579 -0.19 1137 -0.03 4A ES

COMLAB 502 0.72 11 -0.68 249 -0.26 87 -0.33 38 0.59 44 0.19 97 0.04 122 0.07 595 0.59 1143 0.07 4A ES

COMLAB 461 -1.17 14 1.12 232 -1.23 87 -0.33 40 1.38 56 3.00 99 0.46 124 0.35 575 -0.40 1088 -0.86 4A ES

COMLAB 470 -0.75 19 3.00 218 -2.02 72 -1.88 39 0.90 47 0.98 95 -0.35 120 -0.21 563 -0.99 1110 -0.49 4A ICP

COMLAB 477 -0.43 10 -1.28 247 -0.38 85 -0.54 43 2.56 46 0.72 95 -0.37 116 -0.77 566 -0.85 1100 -0.66 4A AAS

COMLAB 489 0.12 10 -1.28 253 -0.04 95 0.50 32 -1.78 37 -1.65 88 -1.84 119 -0.35 576 -0.35 1160 0.36 4A ES

COMLAB 506 0.90 12 -0.08 239 -0.83 89 -0.12 36 -0.20 41 -0.60 94 -0.58 120 -0.21 565 -0.90 1149 0.17 4A ES

COMLAB 592 3.00 20 3.00 283 1.66 98 0.82 50 3.00 53 2.61 106 1.92 137 2.18 652 3.00 1233 1.60 4A

COMLAB 479 -0.33 12 0.10 245 -0.51 87 -0.31 39 0.90 41 -0.73 95 -0.29 122 0.07 585 0.10 1076 -1.06 4A ICP

COMLAB 486 -0.04 14 1.08 239 -0.84 84 -0.69 41 1.79 78 3.00 94 -0.60 131 1.28 570 -0.63 1110 -0.49 4A AAS

COMLAB 497 0.49 12 -0.08 237 -0.94 72 -1.89 40 1.38 45 0.45 100 0.67 126 0.64 594 0.54 1150 0.19 4A AAS

COMLAB 479 -0.34 12 -0.08 242 -0.66 86 -0.43 31 -2.17 33 -2.71 79 -3.00 117 -0.63 547 -1.79 1104 -0.59 4A AAS

COMLAB 469 -0.80 11 -0.68 197 -3.00 79 -1.16 37 0.19 43 -0.07 94 -0.58 119 -0.35 544 -1.94 1074 -1.10 4A AAS

COMLAB 489 0.12 54 3.00 249 -0.26 91 0.09 41 1.77 46 0.72 105 1.71 126 0.64 nr nr 1090 -0.83 4A ES

COMLAB 411 -3.00 16 2.04 224 -1.68 83 -0.74 38 0.47 41 -0.61 89 -1.70 116 -0.71 520 -3.00 978 -2.72 4A MS

COMLAB 435 -2.36 23 3.00 220 -1.91 87 -0.33 37 0.19 48 1.24 90 -1.42 110 -1.61 515 -3.00 990 -2.52 4A ES

COMLAB 498 0.56 18 3.00 264 0.60 94 0.39 38 0.76 46 0.72 93 -0.84 125 0.48 580 -0.14 1125 -0.23 4A ES

COMLAB 464 -1.03 12 -0.08 244 -0.55 90 -0.02 35 -0.60 40 -0.86 94 -0.58 120 -0.21 563 -0.99 1068 -1.20 4A ES

COMLAB 475 -0.52 13 0.52 217 -2.08 69 -2.20 36 -0.20 42 -0.34 96 -0.17 126 0.64 577 -0.30 1106 -0.55 4A ES

COMLAB 577 3.00 45 3.00 286 1.83 145 3.00 75 3.00 93 3.00 144 3.00 170 3.00 621 1.88 1206 1.14 4A ICP

COMLAB 492 0.26 14 1.12 265 0.64 95 0.50 39 0.98 46 0.72 104 1.50 129 1.06 598 0.74 1158 0.33 4A ES

MINELAB 900 3.00 <100 bld <100 -3.00 <100 bld <100 bld <100 bld <100 bld <100 -3.00 400 -3.00 1100 -0.66 FUS XRF

MINELAB 628 3.00 29 3.00 286 1.85 107 1.70 62 3.00 61 3.00 119 3.00 147 3.00 638 2.75 1246 1.81 4A ES

MINELAB 595 3.00 15 1.60 276 1.24 105 1.50 35 -0.44 31 -3.00 90 -1.40 113 -1.19 606 1.14 1191 0.88 4A ES

MINELAB 466 -0.92 15 1.54 189 -3.00 86 -0.46 35 -0.48 49 1.59 78 -3.00 104 -2.46 455 -3.00 889 -3.00 3A,MICR ES

MINELAB 474 -0.59 14 0.82 259 0.32 83 -0.77 35 -0.68 39 -1.07 97 0.13 123 0.24 582 -0.05 1133 -0.10 4A AASMINELAB 454 -1.48 <200 bld <200 -3.00 <200 bld <200 bld <200 bld <200 bld <200 bld 571 -0.62 1113 -0.44 FUS ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Zinc Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Zinc Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 24

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Zinc (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 449 10 167 42 34 41 95 121 553 1118

STDEV (ppm) 54 1 14 5 3 3 7 7 28 44

95% CI (ppm) 14 0 4 2 1 1 2 2 8 12

95% CI (%) 3.19% 4.38% 2.53% 3.70% 2.19% 2.34% 1.99% 1.63% 1.36% 1.05% Zinc Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 315 6 141 30 29 33 82 104 481 1004

MEDIAN (ppm) 449 9 167 41 34 41 95 121 549 1127

MAX (ppm) 558 13 200 55 40 48 114 140 620 1203

IQR (ppm) 60 1 16 6 3 4 8 9 29 54

COUNT 55 44 46 42 45 47 52 52 55 55

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 361 -1.63 10 0.21 152 -1.06 39 -0.52 37 1.05 43 0.71 99 0.52 131 1.33 567 0.48 1190 1.63 AR ICP

COMLAB 380 -1.28 11 0.91 146 -1.47 41 -0.12 35 0.27 41 0.10 99 0.52 126 0.64 540 -0.47 1128 0.22 AR ICP

COMLAB 352 -1.80 11 0.91 146 -1.47 37 -0.92 37 1.05 43 0.71 99 0.52 128 0.91 545 -0.29 1170 1.18 AR ICP

COMLAB 363 -1.60 22 3.00 164 -0.23 63 3.00 48 3.00 54 3.00 125 3.00 150 3.00 571 0.63 1154 0.81 AR ES

COMLAB 440 -0.16 8 -1.20 173 0.40 41 -0.12 31 -1.30 38 -0.81 93 -0.35 117 -0.61 522 -1.11 1145 0.61 AR ES

COMLAB 422 -0.50 9 -0.50 167 -0.02 42 0.08 33 -0.52 39 -0.50 96 0.09 120 -0.19 549 -0.15 1110 -0.19 AR ES

COMLAB 416 -0.61 9 -0.50 168 0.05 41 -0.12 35 0.27 42 0.41 92 -0.49 117 -0.61 534 -0.68 1190 1.63 AR ES

COMLAB 472 0.43 9 -0.50 185 1.22 44 0.48 35 0.27 41 0.10 93 -0.35 123 0.22 567 0.48 1130 0.27 AR ICP

COMLAB 443 -0.11 10 0.21 175 0.53 42 0.08 34 -0.13 40 -0.20 91 -0.64 115 -0.89 561 0.27 1170 1.18 AR ES

COMLAB 428 -0.39 9 -0.50 165 -0.16 40 -0.32 33 -0.52 39 -0.50 96 0.09 118 -0.47 547 -0.22 1138 0.45 AR ES

COMLAB 436 -0.24 4 -3.00 159 -0.57 36 -1.11 31 -1.30 36 -1.42 88 -1.07 114 -1.02 543 -0.36 1170 1.18 AR ES

COMLAB 431 -0.33 10 0.21 190 1.57 39 -0.52 33 -0.52 39 -0.50 87 -1.22 114 -1.02 555 0.06 1120 0.04 AR ES

COMLAB 411 -0.70 nr nr 173 0.40 42 0.08 33 -0.52 39 -0.50 91 -0.64 119 -0.33 543 -0.36 1080 -0.87 AR AAS

COMLAB 450 0.02 9 -0.50 178 0.74 42 0.08 34 -0.13 40 -0.20 90 -0.78 121 -0.05 541 -0.44 1095 -0.53 AR AAS

COMLAB 429 -0.37 10 0.21 170 0.19 41 -0.12 33 -0.52 39 -0.50 90 -0.78 118 -0.47 540 -0.47 1135 0.38 AR ES

COMLAB 401 -0.89 9 -0.50 163 -0.30 42 0.08 33 -0.52 39 -0.50 89 -0.93 113 -1.16 526 -0.97 1080 -0.87 AR MS

COMLAB 315 -2.49 8 -1.20 159 -0.57 64 3.00 25 -3.00 63 3.00 109 1.96 133 1.61 522 -1.11 1036 -1.87 AR ES

COMLAB 447 -0.03 10 0.28 146 -1.49 36 -1.13 37 1.17 40 -0.20 94 -0.16 122 0.03 544 -0.32 1145 0.60 AR ICP

COMLAB 440 -0.16 6 -2.60 160 -0.50 37 -0.92 32 -0.91 38 -0.81 94 -0.20 125 0.50 569 0.55 1189 1.61 AR ES

COMLAB 449 0.00 11 1.05 162 -0.37 41 -0.16 33 -0.36 42 0.35 98 0.42 120 -0.19 524 -1.04 1060 -1.33 AR MS

COMLAB 484 0.66 9 -0.50 255 3.00 91 3.00 34 -0.13 44 1.02 100 0.66 113 -1.16 589 1.26 1130 0.27 AR ICP

COMLAB 475 0.48 9 -0.36 233 3.00 48 1.28 34 0.03 38 -0.86 127 3.00 140 2.59 935 3.00 1515 3.00 AR,MICR ES

COMLAB 253 -3.00 <1 -3.00 <1 -3.00 <1 -3.00 <1 -3.00 <1 -3.00 <1 -3.00 <1 -3.00 110 -3.00 947 -3.00 AR ES

COMLAB 450 0.02 9 -0.50 184 1.16 60 3.00 35 0.27 41 0.10 96 0.09 122 0.08 567 0.48 1172 1.22 AR ES

COMLAB 489 0.74 9 -0.50 190 1.59 45 0.76 36 0.62 37 -1.02 92 -0.45 125 0.50 567 0.48 1118 -0.01 AR ES

COMLAB 478 0.54 10 0.21 172 0.33 46 0.88 34 -0.13 42 0.41 93 -0.35 118 -0.47 540 -0.47 1103 -0.35 AR ES

COMLAB 485 0.67 113 3.00 245 3.00 <20 -3.00 <20 -3.00 <20 -3.00 95 -0.06 <20 -3.00 55 -3.00 1141 0.52 3A ES

COMLAB 464 0.27 9 -0.50 168 0.01 48 1.28 33 -0.71 40 -0.20 90 -0.85 117 -0.68 540 -0.47 1115 -0.07 AR ES

COMLAB 472 0.43 9 -0.50 174 0.46 43 0.28 35 0.27 42 0.41 93 -0.35 133 1.61 589 1.26 1119 0.02 AR ES

COMLAB 501 0.97 9 -0.50 154 -0.92 38 -0.72 34 -0.13 39 -0.50 92 -0.49 118 -0.47 547 -0.22 1132 0.31 AR ES

COMLAB 369 -1.49 7 -1.90 159 -0.57 31 -2.11 26 -3.00 30 -3.00 99 0.52 127 0.78 527 -0.93 1087 -0.71 AR AAS

COMLAB 514 1.21 10 0.21 266 3.00 82 3.00 38 1.44 45 1.32 99 0.52 125 0.50 559 0.20 1159 0.93 3A ICP

COMLAB 396 -0.98 9 -0.50 160 -0.50 42 0.08 30 -1.70 33 -2.33 86 -1.36 113 -1.16 547 -0.22 1034 -1.92 AR ICP

COMLAB 428 -0.39 12 1.61 171 0.26 42 0.08 38 1.44 52 3.00 103 1.10 128 0.91 549 -0.15 1090 -0.64 AR ES

COMLAB 440 -0.16 94 3.00 240 3.00 95 3.00 35 0.27 39 -0.50 91 -0.64 119 -0.33 545 -0.29 1070 -1.10 AR MS

COMLAB 317 -2.45 26 3.00 142 -1.75 38 -0.72 32 -0.91 45 1.32 98 0.37 113 -1.16 489 -2.28 1004 -2.60 AR ES

COMLAB 455 0.12 10 -0.10 167 -0.02 41 -0.10 33 -0.62 42 0.32 102 1.02 119 -0.36 558 0.18 1136 0.40 AR ES

COMLAB 386 -1.17 9 -0.50 150 -1.20 38 -0.72 32 -0.91 37 -1.11 84 -1.65 108 -1.85 503 -1.78 1022 -2.19 AR ES

COMLAB 456 0.13 9 -0.50 173 0.40 44 0.48 36 0.66 43 0.71 96 0.09 121 -0.05 568 0.52 1127 0.20 AR ES

COMLAB 503 1.01 22 3.00 259 3.00 116 3.00 54 3.00 66 3.00 135 3.00 180 3.00 620 2.36 1186 1.54 3A ICP

MINELAB 529 1.49 10 0.21 183 1.07 45 0.76 35 0.26 41 0.10 98 0.37 125 0.50 527 -0.92 1079 -0.90 AR AAS

MINELAB 528 1.47 11 1.09 211 3.00 62 3.00 42 3.00 48 2.26 108 1.79 135 1.86 602 1.72 1203 1.93 AR ICP

MINELAB 432 -0.31 12 1.78 1142 3.00 92 3.00 48 3.00 43 0.77 83 -1.79 280 3.00 481 -2.57 144 -3.00 AR AAS

MINELAB 512 1.18 <50 bld 269 3.00 101 3.00 <50 bld <50 bld 97 0.23 125 0.50 608 1.93 1146 0.63 3A AAS

MINELAB <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld <500 bld 600 1.65 1100 -0.42 3A AAS

MINELAB 516 1.25 15 3.00 237 3.00 73 3.00 39 1.84 46 1.63 99 0.52 131 1.33 596 1.51 1099 -0.44 3A ES

MINELAB 481 0.61 9 -0.64 173 0.38 50 1.59 29 -1.97 39 -0.41 90 -0.74 117 -0.61 550 -0.12 1137 0.42 ICP

MINELAB 440 -0.16 10 0.14 166 -0.12 46 0.80 36 0.63 42 0.51 94 -0.20 119 -0.36 522 -1.09 1061 -1.31 AR ES

MINELAB nr nr 12 1.47 151 -1.13 37 -0.99 38 1.40 42 0.53 111 2.28 132 1.49 539 -0.52 1155 0.84 AR MS

MINELAB 436 -0.24 11 1.24 141 -1.83 34 -1.54 33 -0.42 40 -0.33 96 0.03 126 0.63 547 -0.24 1131 0.28 AR ES

MINELAB 421 -0.51 <17 bld 191 1.67 58 3.00 40 2.23 43 0.60 95 -0.04 127 0.74 557 0.14 1078 -0.91 AR ES

MINELAB 558 2.04 8 -1.55 175 0.55 45 0.58 31 -1.22 34 -1.97 89 -1.00 111 -1.48 556 0.09 1092 -0.60 AR ES

MINELAB 444 -0.09 10 0.21 147 -1.40 30 -2.31 30 -1.70 34 -2.03 82 -1.94 104 -2.41 586 1.16 1153 0.79 AR ES

MINELAB 513 1.20 14 3.00 156 -0.78 41 -0.12 44 3.00 52 3.00 114 2.69 129 1.05 606 1.86 1103 -0.35 AR AAS

MINELAB 510 1.14 bld bld 185 1.22 bld bld bld bld bld bld bld bld 119 -0.33 570 0.59 1106 -0.28 AR AAS

MINELAB 508 1.11 13 2.24 185 1.21 51 1.85 38 1.29 41 -0.02 90 -0.77 112 -1.34 569 0.56 1120 0.03 3A AAS

MINELAB 459 0.18 13 1.96 200 2.25 48 1.30 42 3.00 48 2.33 111 2.18 120 -0.21 570 0.57 1127 0.21 3A AAS

MINELAB 461 0.23 11 0.56 170 0.15 41 -0.05 33 -0.60 39 -0.44 97 0.26 123 0.22 530 -0.82 1068 -1.13 AR AAS

MINELAB 531 1.53 10 0.30 184 1.14 55 2.64 38 1.52 45 1.46 101 0.81 122 0.07 564 0.37 1139 0.46 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Zinc Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Zinc Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 26

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Nickel (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 23 5 829 743 21 21 21 20 265 563

STDEV (ppm) 4 1 44 39 2 2 2 2 12 32

95% CI (ppm) 1 0 11 10 1 0 0 0 3 8

95% CI (%) 4.31% 4.37% 1.36% 1.36% 2.50% 2.14% 2.08% 2.32% 1.18% 1.45% Nickel Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 14 4 717 646 17 18 17 16 234 480

MEDIAN (ppm) 23 5 834 743 21 21 21 20 266 559

MAX (ppm) 32 6 921 842 26 25 25 24 289 644

IQR (ppm) 4 1 62 41 2 2 2 2 18 38

COUNT 50 42 59 60 54 50 54 53 57 59

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 28 1.44 7 3.00 846 0.39 743 0.01 23 1.35 24 1.79 24 1.80 23 1.76 261 -0.31 572 0.28 4A ES

COMLAB 22 -0.26 5 0.36 825 -0.09 757 0.36 22 0.63 22 0.55 23 1.30 21 0.58 275 0.87 553 -0.32 4A ICP

COMLAB 25 0.59 5 0.36 829 0.01 760 0.44 24 1.66 23 1.17 25 2.54 24 2.34 277 1.04 556 -0.23 4A ICP

COMLAB 22 -0.26 5 0.36 793 -0.81 731 -0.30 25 2.18 24 1.79 21 0.06 20 0.00 270 0.45 532 -0.99 4A ICP

COMLAB 20 -0.83 <10 bld 790 -0.88 698 -1.13 19 -0.82 19 -1.62 19 -1.12 19 -0.41 249 -1.32 528 -1.11 4A ES

COMLAB 27 1.16 4 -1.12 801 -0.63 719 -0.60 23 1.14 21 -0.07 24 1.92 23 1.76 250 -1.23 534 -0.92 4A ES

COMLAB 23 0.02 5 0.36 888 1.35 757 0.36 20 -0.41 22 0.55 22 0.68 20 0.00 274 0.78 606 1.35 4A ES

COMLAB 19 -1.11 7 3.00 890 1.40 768 0.64 19 -0.93 20 -0.69 19 -1.18 18 -1.18 282 1.46 582 0.59 4A ES

COMLAB 7 -3.00 5 0.36 845 0.37 762 0.49 19 -0.93 18 -1.93 19 -1.18 19 -0.59 265 0.03 572 0.28 4A ES

COMLAB 20 -0.83 4 -1.12 904 1.71 762 0.49 19 -0.93 19 -1.31 22 0.68 17 -1.76 280 1.29 534 -0.92 4A ES

COMLAB 23 0.02 4 -1.12 892 1.44 842 2.51 21 0.11 20 -0.69 20 -0.56 21 0.58 270 0.45 613 1.57 4A ES

COMLAB 28 1.44 2 -3.00 897 1.55 808 1.65 19 -0.93 20 -0.69 19 -1.18 18 -1.18 283 1.54 595 1.00 4A ICP

COMLAB 11 -3.00 4 -1.12 874 1.03 802 1.50 20 -0.41 19 -1.31 20 -0.56 19 -0.59 302 3.00 606 1.35 4A ES

COMLAB 25 0.59 5 0.36 795 -0.77 700 -1.08 20 -0.41 25 2.41 20 -0.56 20 0.00 260 -0.39 545 -0.58 4A ES

COMLAB 18 -1.39 6 1.83 867 0.87 786 1.09 17 -1.96 18 -1.93 18 -1.80 16 -2.35 284 1.62 623 1.88 4A ES

COMLAB 8 -3.00 5 0.36 861 0.73 748 0.13 20 -0.41 19 -1.31 21 0.06 20 0.00 276 0.95 574 0.34 4A ES

COMLAB 23 0.02 5 0.36 855 0.60 756 0.33 20 -0.41 22 0.55 21 0.06 18 -1.18 264 -0.06 564 0.02 4A ES

COMLAB 19 -1.11 4 -1.12 846 0.39 759 0.41 19 -0.93 20 -0.69 18 -1.80 18 -1.18 253 -0.98 538 -0.80 4A ES

COMLAB 28 1.44 4 -1.12 838 0.21 832 2.26 20 -0.41 20 -0.69 22 0.68 22 1.17 289 2.04 625 1.95 4A ES

COMLAB 25 0.45 4 -0.68 879 1.14 805 1.58 21 -0.05 21 -0.07 21 -0.13 21 0.76 270 0.45 589 0.81 4A MS

COMLAB 22 -0.20 4 -1.71 921 2.11 822 2.01 22 0.78 22 0.61 22 0.49 21 0.64 307 3.00 625 1.94 5A ES

COMLAB 26 0.99 5 -0.38 827 -0.03 724 -0.47 21 0.21 22 0.36 21 -0.06 20 -0.06 241 -2.02 545 -0.59 4A ICP

COMLAB 24 0.31 7 3.00 840 0.26 752 0.23 22 0.63 22 0.55 22 0.68 20 0.00 276 0.95 559 -0.13 4A ES

COMLAB 28 1.44 <20 bld 860 0.71 740 -0.07 20 -0.41 22 0.55 20 -0.56 20 0.00 270 0.45 580 0.53 NAA

COMLAB 22 -0.26 6 1.83 814 -0.34 752 0.23 18 -1.44 20 -0.69 22 0.68 16 -2.35 274 0.78 568 0.15 4A ES

COMLAB 19 -1.11 5 -0.23 828 -0.02 703 -1.01 21 0.00 22 0.61 21 0.18 20 0.11 247 -1.46 549 -0.46 4A MS

COMLAB 24 0.39 6 1.53 797 -0.72 725 -0.45 22 0.68 22 0.55 22 0.74 23 1.64 254 -0.90 537 -0.83 4A ES

COMLAB 22 -0.26 <5 bld 815 -0.31 720 -0.58 20 -0.41 21 -0.07 20 -0.56 19 -0.59 265 0.03 528 -1.11 4A ICP

COMLAB 42 3.00 10 3.00 790 -0.88 707 -0.91 33 3.00 35 3.00 34 3.00 29 3.00 250 -1.23 495 -2.15 4A ES

COMLAB 22 -0.37 5 0.50 831 0.05 737 -0.16 20 -0.31 20 -0.57 19 -0.93 19 -0.47 267 0.21 553 -0.31 3A,MICR ES

COMLAB 24 0.31 4 -1.12 784 -1.02 695 -1.21 22 0.63 25 2.41 21 0.06 20 0.00 260 -0.39 550 -0.42 4A MS,AAS

COMLAB 24 0.34 4 -1.12 856 0.62 741 -0.03 21 -0.10 21 -0.38 21 -0.19 20 -0.06 266 0.09 567 0.11 4A ES

COMLAB 24 0.25 5 0.06 856 0.62 745 0.06 21 -0.10 21 -0.32 21 -0.06 20 0.23 266 0.11 537 -0.83 4A MS

COMLAB 23 0.02 4 -1.12 840 0.26 729 -0.35 19 -0.93 20 -0.69 21 0.06 19 -0.59 268 0.28 542 -0.67 4A ES

COMLAB 24 0.36 5 -0.23 841 0.28 743 -0.01 21 0.16 22 0.36 21 0.31 21 0.64 279 1.21 563 -0.01 4A MS

COMLAB 26 0.87 5 0.36 875 1.05 813 1.78 27 3.00 23 1.17 20 -0.56 21 0.58 256 -0.73 567 0.12 4A ES

COMLAB 25 0.59 5 0.36 861 0.73 792 1.25 22 0.63 22 0.55 22 0.68 20 0.00 269 0.36 626 1.98 4A ICP

COMLAB 19 -1.17 5 0.80 843 0.33 733 -0.24 20 -0.51 21 -0.19 20 -0.87 19 -0.41 273 0.71 553 -0.32 4A ES

COMLAB 23 0.02 4 -1.12 822 -0.15 742 -0.02 21 0.11 22 0.55 21 0.06 20 0.00 280 1.29 597 1.06 4A ES

COMLAB 19 -1.11 5 0.36 717 -2.55 646 -2.45 21 0.11 20 -0.69 21 0.06 19 -0.59 248 -1.40 525 -1.21 4A ES

COMLAB 32 2.57 8 3.00 858 0.67 767 0.61 26 2.70 27 3.00 26 3.00 26 3.00 266 0.11 588 0.78 4A ICP

COMLAB 21 -0.46 5 -0.23 858 0.67 772 0.73 20 -0.56 20 -0.44 20 -0.56 21 0.41 256 -0.71 557 -0.20 4A MS

COMLAB 28 1.44 5 0.36 834 0.12 742 -0.02 22 0.63 21 -0.07 21 0.06 20 0.00 270 0.45 566 0.09 4A ES

COMLAB 46 3.00 1 -3.00 1004 3.00 887 3.00 37 3.00 42 3.00 302 3.00 32 3.00 306 3.00 644 2.55 4A

COMLAB 14 -2.42 6 1.83 791 -0.87 717 -0.64 21 0.00 16 -3.00 21 0.31 21 0.70 261 -0.28 520 -1.37 4A ICP

COMLAB 18 -1.42 12 3.00 725 -2.36 651 -2.31 21 0.09 26 3.00 23 1.26 20 -0.04 251 -1.17 537 -0.83 4A AAS

COMLAB 27 1.16 17 3.00 791 -0.86 732 -0.27 27 3.00 28 3.00 30 3.00 30 3.00 252 -1.07 551 -0.39 4A,FUS AAS,MS

COMLAB 16 -1.96 <5 bld 810 -0.43 695 -1.21 23 1.14 22 0.55 19 -1.18 20 0.00 274 0.78 585 0.69 4A AAS

COMLAB 11 -3.00 <5 bld 792 -0.84 721 -0.55 17 -1.96 19 -1.31 17 -2.42 17 -1.76 260 -0.39 558 -0.17 4A AAS

COMLAB 21 -0.54 6 1.83 970 3.00 722 -0.53 19 -0.93 23 1.17 20 -0.56 19 -0.59 264 -0.06 576 0.40 4A MS

COMLAB 8 -3.00 5 -0.23 760 -1.57 699 -1.11 18 -1.24 14 -3.00 21 0.25 13 -3.00 246 -1.57 450 -3.00 4A MS

COMLAB 27 1.16 7 3.00 809 -0.45 746 0.08 24 1.66 20 -0.69 23 1.30 23 1.76 261 -0.31 586 0.72 4A ES

COMLAB 18 -1.30 5 0.89 865 0.84 768 0.63 20 -0.48 21 -0.03 20 -0.32 21 0.44 265 0.06 576 0.40 4A ES

COMLAB 11 -3.00 4 -1.12 770 -1.34 761 0.46 18 -1.44 19 -1.31 20 -0.56 19 -0.59 268 0.28 544 -0.61 4A ES

COMLAB 22 -0.26 6 1.83 804 -0.56 764 0.54 21 0.11 22 0.55 22 0.68 20 0.00 253 -0.98 539 -0.76 4A ES

COMLAB 18 -1.39 1 -3.00 825 -0.09 788 1.15 17 -1.96 16 -3.00 21 0.06 17 -1.76 285 1.71 612 1.54 4A ICP

COMLAB 22 -0.26 4 -1.12 856 0.62 757 0.36 20 -0.41 20 -0.69 21 0.06 20 0.00 264 -0.06 549 -0.45 4A ES

COMLAB nr nr nr nr 845 0.37 754 0.28 nr nr nr nr nr nr nr nr 251 -1.15 578 0.46 4A AAS

MINELAB <100 bld <100 bld 763 -1.50 671 -1.82 <100 bld <100 bld <100 bld <100 bld 159 -3.00 454 -3.00 FUS ES

MINELAB 41 3.00 26 3.00 873 1.02 689 -1.37 52 3.00 42 3.00 45 3.00 38 3.00 316 3.00 582 0.59 4A ES

MINELAB 21 -0.54 4 -1.12 822 -0.15 747 0.11 24 1.66 22 0.55 19 -1.18 19 -0.59 282 1.46 556 -0.23 4A ES

MINELAB <20 bld 20 3.00 737 -2.08 701 -1.07 24 1.66 31 3.00 25 2.35 23 1.93 234 -2.58 480 -2.62 3A,MICR ES

MINELAB 23 0.02 5 -0.09 772 -1.29 738 -0.13 21 0.11 21 -0.13 21 0.00 21 0.52 267 0.20 560 -0.10 4A MS

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Nickel Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Nickel Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 28

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Nickel (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 20 5 753 668 20 20 20 20 252 556

STDEV (ppm) 4 1 80 64 1 1 2 1 17 27

95% CI (ppm) 1 0 22 18 0 0 0 0 5 7

95% CI (%) 5.17% 4.47% 2.93% 2.63% 1.91% 1.54% 2.15% 1.23% 1.85% 1.34% Nickel Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 11 3 553 507 17 18 17 18 214 505

MEDIAN (ppm) 21 5 759 676 21 21 20 20 254 555

MAX (ppm) 27 6 872 783 23 22 24 21 294 625

IQR (ppm) 5 1 108 89 2 1 2 1 20 35

COUNT 46 43 52 52 48 46 48 42 51 51

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 19 -0.26 3 -2.29 758 0.07 675 0.12 19 -0.91 20 -0.35 18 -1.42 19 -1.05 268 0.98 576 0.75 AR ICP

COMLAB 23 0.88 3 -2.29 806 0.67 739 1.11 21 0.57 21 0.58 22 1.22 20 0.21 265 0.80 598 1.57 AR ICP

COMLAB 20 0.02 4 -0.80 667 -1.06 582 -1.34 18 -1.65 19 -1.28 19 -0.76 19 -1.05 224 -1.64 517 -1.46 AR ICP

COMLAB 15 -1.40 10 3.00 569 -2.28 540 -1.99 23 2.05 25 3.00 24 2.54 24 3.00 231 -1.22 518 -1.42 AR ES

COMLAB 6 -3.00 5 0.69 839 1.08 716 0.76 18 -1.65 18 -2.21 18 -1.42 17 -3.00 253 0.09 565 0.34 AR ES

COMLAB 23 0.88 5 0.69 836 1.04 731 0.99 21 0.57 21 0.58 20 -0.10 20 0.21 261 0.56 556 0.00 AR ES

COMLAB 22 0.59 6 2.18 828 0.94 719 0.80 20 -0.17 21 0.58 22 1.22 20 0.21 245 -0.39 580 0.90 AR ES

COMLAB 25 1.44 4 -0.80 845 1.15 767 1.55 21 0.57 21 0.58 21 0.56 20 0.21 280 1.69 573 0.63 AR ICP

COMLAB 13 -1.96 5 0.69 831 0.98 751 1.30 21 0.57 21 0.58 20 -0.10 19 -1.05 264 0.74 577 0.78 AR ES

COMLAB 8 -3.00 5 0.69 802 0.62 691 0.36 19 -0.91 19 -1.28 19 -0.76 19 -1.05 257 0.33 531 -0.93 AR ES

COMLAB 23 0.88 4 -0.80 831 0.98 729 0.96 20 -0.17 20 -0.35 21 0.56 19 -1.05 254 0.15 564 0.30 AR ES

COMLAB 23 0.88 9 3.00 784 0.39 687 0.30 20 -0.17 20 -0.35 20 -0.10 18 -2.30 263 0.68 554 -0.08 AR ES

COMLAB 20 0.02 4 -0.80 850 1.21 750 1.29 20 -0.17 20 -0.35 20 -0.10 20 0.21 264 0.74 578 0.82 AR AAS

COMLAB 24 1.16 4 -0.80 851 1.23 737 1.08 21 0.57 22 1.51 22 1.22 20 0.21 253 0.09 596 1.49 AR ES

COMLAB 24 1.02 4 -0.65 841 1.10 746 1.22 21 0.72 21 0.95 21 0.29 20 0.08 260 0.50 568 0.45 AR MS

COMLAB 14 -1.65 5 -0.06 633 -1.49 568 -1.56 21 0.28 20 -0.17 19 -0.83 20 0.58 241 -0.61 625 2.58 AR ES

COMLAB 30 2.89 33 3.00 600 -1.90 547 -1.88 23 2.05 22 1.04 37 3.00 21 1.97 195 -3.00 416 -3.00 AR AAS

COMLAB 23 0.99 5 0.09 799 0.57 686 0.29 21 0.79 21 0.76 20 0.03 20 0.71 250 -0.08 550 -0.21 AR ICP

COMLAB 21 0.31 4 -0.80 821 0.85 721 0.83 21 0.57 21 0.58 20 -0.10 21 1.46 256 0.27 581 0.93 AR ES

COMLAB 16 -1.20 5 -0.06 619 -1.67 579 -1.39 19 -0.69 20 -0.54 20 -0.23 20 -0.17 226 -1.53 536 -0.77 AR MS

COMLAB 20 0.02 <10 bld 800 0.59 730 0.97 20 -0.17 30 3.00 30 3.00 20 0.21 260 0.50 560 0.15 AR ICP

COMLAB 14 -1.66 3 -1.83 758 0.07 659 -0.14 15 -3.00 16 -3.00 15 -3.00 13 -3.00 228 -1.43 454 -3.00 AR,MICR ES

COMLAB 27 1.92 9 3.00 752 0.00 684 0.26 21 0.42 21 0.58 22 1.09 21 1.36 271 1.18 526 -1.10 AR ES

COMLAB 23 0.88 4 -0.80 766 0.17 678 0.16 21 0.57 21 0.58 21 0.56 20 0.21 262 0.62 564 0.30 AR ES

COMLAB 17 -0.86 4 -0.89 746 -0.08 687 0.31 19 -0.98 19 -1.75 19 -1.02 19 -0.92 261 0.57 545 -0.41 AR ES

COMLAB 21 0.31 4 -0.80 770 0.22 676 0.13 21 0.57 21 0.58 21 0.56 20 0.21 238 -0.80 550 -0.22 AR ES

COMLAB <100 bld <100 bld 714 -0.48 654 -0.21 <100 bld <100 bld <100 bld <100 bld 280 1.69 540 -0.60 3A ES

COMLAB 23 0.88 5 0.61 726 -0.33 646 -0.34 20 0.02 21 0.67 20 -0.10 20 0.21 327 3.00 576 0.73 AR ES

COMLAB 22 0.59 5 1.28 769 0.21 654 -0.21 21 0.57 20 -0.45 20 0.03 21 0.96 249 -0.16 509 -1.75 AR MS

COMLAB 22 0.59 5 0.69 721 -0.39 625 -0.67 21 0.57 20 -0.35 21 0.56 20 0.21 258 0.39 551 -0.19 AR ES

COMLAB 13 -1.96 5 0.69 554 -2.47 507 -2.51 19 -0.91 21 0.58 18 -1.42 21 1.46 219 -1.93 517 -1.46 AR AAS

COMLAB 22 0.59 6 2.18 837 1.05 742 1.16 20 -0.17 21 0.58 21 0.56 20 0.21 264 0.74 583 1.01 3A ICP

COMLAB 11 -2.53 5 0.54 714 -0.48 636 -0.49 19 -0.76 19 -1.19 19 -0.69 19 -1.30 235 -0.96 505 -1.89 AR ICP

COMLAB 21 0.31 9 3.00 722 -0.38 646 -0.34 23 2.05 22 1.51 20 -0.10 20 0.21 279 1.63 576 0.75 AR ES

COMLAB 22 0.59 5 0.69 759 0.08 673 0.08 22 1.31 21 0.58 21 0.56 21 1.46 257 0.33 538 -0.67 AR MS

COMLAB 18 -0.54 5 0.69 747 -0.07 688 0.32 22 1.31 22 1.51 21 0.56 19 -1.05 248 -0.21 553 -0.11 AR ES

COMLAB 18 -0.60 5 0.75 782 0.37 696 0.44 20 -0.22 21 0.25 21 0.69 19 -0.63 252 0.02 559 0.10 AR ES

COMLAB 18 -0.54 4 -0.80 670 -1.03 586 -1.27 19 -0.91 19 -1.28 18 -1.42 18 -2.30 229 -1.34 518 -1.42 AR ES

COMLAB 20 0.02 4 -0.80 799 0.58 694 0.41 21 0.57 20 -0.35 20 -0.10 20 0.21 259 0.45 565 0.34 AR ES

COMLAB 31 3.00 1 -3.00 872 1.49 783 1.80 17 -2.39 20 -0.35 17 -2.08 17 -3.00 267 0.92 592 1.34 3A ICP

COMLAB 7 -3.00 <1 -3.00 553 -2.48 550 -1.84 14 -3.00 20 -0.35 14 -3.00 15 -3.00 214 -2.23 541 -0.56 AR AAS

MINELAB 14 -1.72 4 -0.37 730 -0.28 651 -0.27 18 -1.42 19 -1.38 21 0.80 17 -3.00 257 0.30 541 -0.56 AR ES

MINELAB 21 0.35 5 1.21 870 1.46 762 1.47 26 3.00 24 3.00 23 2.02 23 3.00 294 2.51 616 2.23 AR ICP

MINELAB <10 bld 4 -0.80 52 -3.00 46 -3.00 57 3.00 38 3.00 73 3.00 32 3.00 50 -3.00 35 -3.00 3A ES

MINELAB 23 0.85 5 0.39 843 1.13 746 1.22 21 0.79 25 3.00 20 0.10 20 0.58 243 -0.49 555 -0.04 ICP

MINELAB 18 -0.53 5 0.41 661 -1.14 593 -1.17 19 -0.77 22 1.29 19 -0.66 19 -1.09 232 -1.15 567 0.42 AR ES

MINELAB 19 -0.26 5 0.46 721 -0.40 632 -0.56 21 0.71 22 1.66 21 0.85 20 0.71 258 0.37 592 1.36 AR MS

MINELAB 18 -0.43 5 1.03 702 -0.62 617 -0.79 22 1.31 21 0.63 21 0.41 20 0.61 235 -0.97 540 -0.60 AR ES

MINELAB 20 0.07 <5 bld 693 -0.74 607 -0.94 21 0.59 21 0.47 20 -0.07 21 1.33 242 -0.59 531 -0.93 3A ES

MINELAB 21 0.31 5 0.69 759 0.08 660 -0.12 21 0.57 21 0.58 21 0.56 20 0.21 251 -0.03 547 -0.34 AR ES

MINELAB <5 -3.00 <5 bld 736 -0.21 670 0.04 18 -1.65 19 -1.28 17 -2.08 16 -3.00 253 0.09 569 0.49 AR ES

MINELAB 21 0.17 5 0.69 674 -0.98 601 -1.04 19 -0.91 19 -1.28 18 -1.42 18 -2.30 260 0.50 522 -1.27 AR ICP

MINELAB 22 0.45 5 -0.06 763 0.13 691 0.36 21 0.65 21 0.30 21 0.43 20 0.71 256 0.27 544 -0.44 AR MS

MINELAB 20 0.08 5 0.14 826 0.91 657 -0.17 21 0.32 21 0.80 21 0.68 21 1.11 242 -0.59 567 0.42 AR ICPMINELAB 13 -1.92 4 -0.16 643 -1.36 575 -1.45 18 -1.91 18 -2.32 18 -1.62 17 -3.00 224 -1.64 531 -0.95 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Nickel Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Nickel Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 30

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Arsenic (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 657 42 309 32 2 3 3 2 450 142

STDEV (ppm) 36 3 14 2 0 2 2 1 20 8

95% CI (ppm) 10 1 4 1 0 1 1 1 5 2

95% CI (%) 1.47% 1.91% 1.22% 2.01% 10.67% 26.69% 30.99% 27.36% 1.18% 1.48% Arsenic Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 560 36 278 26 1 0 0 0 402 124

MEDIAN (ppm) 660 43 311 32 2 2 2 2 450 143

MAX (ppm) 729 46 341 38 2 8 7 5 504 156

IQR (ppm) 47 3 15 3 1 3 2 1 23 10

COUNT 55 39 51 53 18 26 24 21 53 52

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 657 0.00 46 1.36 317 0.57 38 2.41 1 -1.01 <0.5 bld 1 -0.66 <0.5 bld 452 0.09 150 0.97 NAA

COMLAB 571 -2.37 39 -1.28 304 -0.38 26 -2.48 <3 bld <3 bld <3 bld <3 bld 406 -2.26 96 -3.00 4A ICP

COMLAB 609 -1.32 29 -3.00 296 -0.97 32 0.07 <3 bld 4 0.36 <3 bld <3 bld 351 -3.00 100 -3.00 4A ICP

COMLAB 660 0.09 44 0.69 314 0.35 32 0.07 <20 bld <20 bld <20 bld <20 bld 455 0.24 150 0.97 4A ES

COMLAB 659 0.06 37 -2.07 316 0.50 33 0.50 <5 bld <5 bld <5 bld <5 bld 457 0.34 141 -0.19 4A ES

COMLAB 682 0.69 32 -3.00 315 0.42 34 0.92 <5 bld <5 bld <5 bld 5 2.06 455 0.24 141 -0.19 4A ES

COMLAB 684 0.75 44 0.69 312 0.20 35 1.35 8 3.00 7 1.72 7 2.23 8 3.00 485 1.77 145 0.33 4A ES

COMLAB 611 -1.27 44 0.69 314 0.35 33 0.50 6 3.00 7 1.72 6 1.72 7 3.00 443 -0.37 150 0.97 4A ES

COMLAB 663 0.17 41 -0.49 308 -0.09 30 -0.78 <5 bld <5 bld <5 bld <5 bld 440 -0.53 132 -1.36 4A ES

COMLAB 688 0.86 45 1.09 312 0.20 35 1.35 <5 bld 5 0.81 <5 bld <5 bld 415 -1.80 151 1.10 4A ES

COMLAB 682 0.69 21 -3.00 312 0.20 32 0.07 <5 bld <5 bld <5 bld <5 bld 468 0.90 143 0.07 4A ICP

COMLAB 688 0.86 31 -3.00 320 0.79 32 0.07 <5 bld <5 bld <5 bld <5 bld 454 0.19 151 1.10 4A ES

COMLAB 690 0.92 30 -3.00 320 0.79 40 3.00 <10 bld <10 bld <10 bld <10 bld 480 1.52 150 0.97 4A ES

COMLAB 677 0.56 45 1.09 310 0.06 30 -0.78 <5 bld <5 bld 6 1.72 5 2.06 461 0.55 145 0.33 4A ES

COMLAB 657 0.00 41 -0.49 311 0.13 31 -0.35 <5 bld <5 bld <5 bld <5 bld 441 -0.47 141 -0.19 4A ES

COMLAB 669 0.34 41 -0.49 308 -0.09 31 -0.35 5 3.00 <5 bld <5 bld <5 bld 446 -0.22 144 0.20 4A ES

COMLAB 629 -0.77 42 -0.10 301 -0.60 33 0.50 <5 bld <5 bld <5 bld <5 bld 440 -0.53 140 -0.32 4A ES

COMLAB 721 1.77 43 0.30 296 -0.97 32 0.07 <5 bld <5 bld <5 bld <5 bld 460 0.50 155 1.62 4A ES

COMLAB 675 0.50 40 -0.73 305 -0.31 33 0.67 2 -0.15 2 -0.60 2 -0.56 1 -0.87 463 0.65 154 1.49 4A MS

COMLAB 607 -1.39 14 -3.00 208 -3.00 28 -1.67 4 3.00 5 0.63 5 1.27 5 1.76 351 -3.00 96 -3.00 5A ES

COMLAB 706 1.35 37 -1.91 283 -1.96 32 0.12 2 0.43 2 -0.78 2 -0.56 2 -0.21 423 -1.39 129 -1.82 4A ICP

COMLAB 674 0.47 40 -0.89 312 0.20 30 -0.78 2 1.29 2 -0.56 3 0.20 2 -0.14 455 0.24 136 -0.84 4A MS

COMLAB 700 1.19 46 1.48 331 1.60 33 0.50 1 -0.72 2 -0.69 1 -0.71 1 -0.65 460 0.50 146 0.46 NAA

COMLAB 682 0.69 40 -0.89 296 -0.97 30 -0.78 1 -1.58 2 -0.56 2 -0.31 2 -0.14 439 -0.58 150 0.97 4A MS

COMLAB 616 -1.12 34 -3.00 315 0.45 31 -0.27 1 -0.43 2 -0.56 2 -0.25 2 -0.14 446 -0.20 137 -0.76 4A MS

COMLAB 630 -0.74 43 0.30 310 0.06 31 -0.35 <10 bld <10 bld <10 bld <10 bld 437 -0.68 144 0.20 4A ES

COMLAB 664 0.20 40 -0.89 314 0.35 30 -0.78 <25 bld <25 bld <25 bld <25 bld 438 -0.63 129 -1.75 4A ICP

COMLAB 387 -3.00 22 -3.00 241 -3.00 31 -0.35 10 3.00 8 2.18 11 3.00 12 3.00 353 -3.00 124 -2.40 4A ES

COMLAB 656 -0.03 29 -3.00 301 -0.64 20 -3.00 <5 bld <5 bld <5 bld <5 bld 433 -0.87 131 -1.52 3A,MICR ES

COMLAB 673 0.43 44 0.61 319 0.74 32 0.16 1 -0.72 2 -0.74 1 -0.71 1 -0.72 448 -0.10 144 0.22 4A ES

COMLAB 678 0.58 43 0.10 304 -0.38 32 0.07 2 -0.15 2 -0.56 2 -0.56 2 -0.14 460 0.50 140 -0.32 4A MS

COMLAB 674 0.47 36 -2.46 341 2.33 32 0.07 <10 bld <10 bld <10 bld <10 bld 462 0.60 148 0.72 4A ES

COMLAB 676 0.53 44 0.57 319 0.74 32 0.16 2 -0.15 2 -0.69 2 -0.51 2 -0.50 473 1.16 147 0.53 4A MS

COMLAB 658 0.03 45 1.09 308 -0.09 29 -1.20 2 1.29 2 -0.56 2 -0.31 2 -0.14 469 0.96 141 -0.19 4A MS

COMLAB 724 1.85 44 0.69 320 0.79 35 1.35 2 1.29 3 -0.10 1 -0.81 3 0.59 475 1.26 143 0.07 4A ICP

COMLAB 664 0.19 41 -0.33 315 0.44 29 -1.16 <5 bld <5 bld <5 bld <5 bld 462 0.61 151 1.10 4A ES

COMLAB 667 0.28 12 -3.00 310 0.06 29 -1.20 2 1.29 2 -0.56 2 -0.31 1 -0.87 452 0.09 138 -0.58 4A MS

COMLAB 638 -0.52 10 -3.00 284 -1.85 31 -0.35 <5 bld 8 2.18 <5 bld <5 bld 447 -0.17 143 0.07 4A ES

COMLAB 612 -1.24 12 -3.00 292 -1.26 32 0.07 <10 bld <10 bld <10 bld <10 bld 456 0.29 155 1.62 4A ES

COMLAB 636 -0.58 42 -0.26 300 -0.68 30 -0.86 1 -0.43 2 -0.65 2 -0.51 1 -0.72 436 -0.73 130 -1.62 4A ICP

COMLAB 660 0.09 42 -0.18 310 0.08 33 0.54 2 0.72 2 -0.51 2 -0.51 1 -0.72 436 -0.72 138 -0.61 4A MS

COMLAB 653 -0.11 39 -1.28 313 0.28 30 -0.78 <5 bld <5 bld <5 bld <5 bld 450 -0.01 137 -0.71 4A ES

COMLAB 631 -0.71 43 0.30 311 0.11 35 1.52 6 3.00 <5 bld nr nr nr nr 408 -2.16 142 -0.06 4A ICP

COMLAB 724 1.85 45 1.09 310 0.06 32 0.07 <5 bld <5 bld <5 bld <5 bld 450 -0.01 146 0.46 FUS MS

COMLAB 676 0.53 45 1.09 351 3.00 36 1.77 <15 bld <15 bld <15 bld <15 bld 476 1.31 139 -0.45 4A AAS

COMLAB 636 -0.58 42 -0.10 297 -0.90 30 -0.78 <3 bld <3 bld <3 bld <3 bld 474 1.21 148 0.72 4A ES

COMLAB 636 -0.58 43 0.35 278 -2.32 34 0.75 3 3.00 5 0.71 6 1.83 12 3.00 437 -0.66 146 0.46 4A MS

COMLAB 614 -1.18 52 3.00 313 0.28 38 2.62 <3 bld <3 bld 12 3.00 7 3.00 445 -0.27 147 0.59 4A ES

COMLAB 683 0.72 45 0.94 335 1.88 32 0.27 <3 bld <3 bld <3 bld <3 bld 463 0.66 153 1.37 4A ES

COMLAB 629 -0.77 40 -0.89 293 -1.19 29 -1.20 1 -1.58 2 -0.56 1 -0.81 2 -0.14 443 -0.37 140 -0.32 4A ES

COMLAB 526 -3.00 <5 -3.00 229 -3.00 <5 -3.00 <5 bld 10 3.00 7 2.23 <5 bld 478 1.41 139 -0.45 4A ICP

COMLAB 613 -1.21 46 1.48 322 0.94 29 -1.20 2 1.29 2 -0.56 2 -0.31 2 -0.14 446 -0.22 141 -0.19 4A ES

COMLAB 677 0.56 nr nr 248 -3.00 31 -0.35 nr nr nr nr nr nr nr nr 446 -0.22 126 -2.14 4A AAS

MINELAB 0 -3.00 0 -3.00 0 -3.00 0 -3.00 0 -3.00 0 -1.45 0 -1.30 0 -1.54 0 -3.00 0 -3.00 4A

MINELAB 560 -2.68 31 -3.00 268 -3.00 31 -0.35 <21 bld 31 3.00 <21 bld <21 bld 402 -2.47 136 -0.84 FUS ES

MINELAB 729 2.00 58 3.00 335 1.89 35 1.47 1 -0.69 15 3.00 14 3.00 14 3.00 504 2.72 21 -3.00 4A ES

MINELAB 628 -0.80 26 -3.00 286 -1.70 32 0.07 4 3.00 4 0.36 4 0.71 4 1.32 438 -0.63 144 0.20 4A ES

MINELAB 507 -3.00 23 -3.00 232 -3.00 21 -3.00 <2 bld <2 bld <2 bld <2 bld 331 -3.00 89 -3.00 3A,MICR ES

MINELAB 655 -0.05 42 -0.26 335 1.89 30 -0.99 <10 bld <10 bld <10 bld <10 bld 474 1.19 156 1.75 4A AAS

MINELAB 606 -1.41 <100 bld 288 -1.53 <100 bld <100 bld <100 bld <100 bld <100 bld 434 -0.83 134 -1.12 FUS ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Insufficient reliable results were received for the highlighted materials. These results do not contribute to the error charts.

Method Reading

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Arsenic Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Arsenic Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 32

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Arsenic (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 594 10 301 29 2 2 2 2 443 137

STDEV (ppm) 56 2 15 2 1 1 1 1 13 9

95% CI (ppm) 15 0 4 1 0 0 1 0 4 2

95% CI (%) 2.56% 4.79% 1.32% 2.27% 14.00% 16.52% 23.53% 19.93% 0.83% 1.72% Arsenic Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 475 6 268 24 0 0 0 0 408 119

MEDIAN (ppm) 612 9 301 30 2 2 2 2 440 136

MAX (ppm) 693 13 332 36 3 4 6 4 469 159

IQR (ppm) 82 1 17 3 1 1 2 2 20 9

COUNT 53 53 53 52 31 28 29 28 49 53

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 621 0.49 9 -0.33 295 -0.45 30 0.13 2 0.03 2 -0.53 2 -0.37 2 -0.46 435 -0.59 131 -0.64 AR ES

COMLAB 498 -1.71 13 2.05 282 -1.32 33 1.44 3 2.01 <2 bld 6 2.44 <2 bld 437 -0.44 137 0.05 AR ICP

COMLAB 587 -0.12 10 0.27 300 -0.09 25 -1.85 3 2.01 <2 bld <2 bld 3 0.80 464 1.64 122 -1.69 AR ICP

COMLAB 554 -0.71 10 0.27 286 -1.05 27 -1.03 <2 bld <2 bld <2 bld <2 bld 443 0.02 132 -0.53 AR ICP

COMLAB 484 -1.96 11 0.86 268 -2.28 28 -0.61 8 3.00 7 3.00 6 2.44 4 1.70 460 1.33 139 0.28 AR ES

COMLAB 589 -0.08 12 1.46 292 -0.64 31 0.62 2 0.49 <2 bld <2 bld 3 0.80 439 -0.28 146 1.09 AR ES

COMLAB 526 -1.21 11 0.86 309 0.53 32 1.03 4 3.00 2 -0.22 3 0.43 2 -0.10 442 -0.05 139 0.28 AR ES

COMLAB 475 -2.12 9 -0.33 297 -0.30 31 0.62 2 0.49 <2 bld <2 bld 2 -0.10 431 -0.90 139 0.28 AR ES

COMLAB 621 0.49 9 -0.33 303 0.12 31 0.62 <2 bld <2 bld <2 bld <2 bld 448 0.41 136 -0.07 AR ICP

COMLAB 635 0.74 9 -0.33 297 -0.30 29 -0.20 <2 bld <2 bld <2 bld <2 bld 455 0.95 137 0.05 AR ES

COMLAB 532 -1.10 9 -0.33 306 0.32 28 -0.61 <2 bld <2 bld <2 bld <2 bld 448 0.41 138 0.17 AR ES

COMLAB 557 -0.66 10 0.27 297 -0.30 30 0.21 2 0.49 2 -0.22 2 -0.23 <2 bld 438 -0.36 136 -0.07 AR ES

COMLAB 587 -0.12 8 -0.92 294 -0.50 26 -1.44 <2 bld 2 -0.22 2 -0.23 <2 bld 429 -1.06 136 -0.07 AR ES

COMLAB 553 -0.73 9 -0.33 306 0.32 31 0.62 <2 bld <2 bld <2 bld <2 bld 453 0.79 141 0.51 AR ES

COMLAB 529 -1.16 9 -0.27 300 -0.09 33 1.36 1 -0.43 2 -0.53 1 -0.64 1 -0.91 450 0.56 138 0.17 AR MS

COMLAB 330 -3.00 9 -0.33 245 -3.00 24 -2.26 1 -0.58 1 -0.84 1 -0.90 2 -0.46 397 -3.00 120 -1.92 AR ES

COMLAB 642 0.87 9 -0.21 298 -0.21 29 -0.41 1 -0.73 1 -1.15 1 -0.90 1 -0.82 436 -0.50 141 0.47 AR ICP

COMLAB 636 0.76 9 -0.33 312 0.73 31 0.62 <2 bld <2 bld <2 bld <2 bld 451 0.64 140 0.40 AR ES

COMLAB 575 -0.34 9 -0.15 268 -2.30 28 -0.49 1 -0.73 1 -1.77 1 -0.70 1 -1.44 438 -0.36 138 0.17 AR MS

COMLAB 672 1.40 42 3.00 315 0.94 32 1.03 1 -1.03 2 -0.22 3 0.43 2 -0.10 468 1.95 155 2.13 AR MS

COMLAB 627 0.60 8 -0.85 450 3.00 33 1.50 <0.5 bld <0.5 bld <0.5 bld <0.5 bld 521 3.00 159 2.57 AR,MICR ES

COMLAB 639 0.81 8 -0.92 294 -0.50 30 0.21 0 -1.89 0 -1.96 0 -1.39 0 -1.70 453 0.79 142 0.63 AR AAS

COMLAB 504 -1.60 6 -1.91 327 1.74 30 0.11 <1 bld <1 bld <1 bld <1 bld 469 2.01 133 -0.38 AR ES

COMLAB 641 0.85 9 -0.33 308 0.46 29 -0.20 <5 bld <5 bld <5 bld <5 bld 430 -0.98 144 0.86 AR MS

COMLAB 636 0.75 9 -0.16 301 -0.04 26 -1.48 <5 bld <5 bld <5 bld <5 bld 452 0.71 150 1.51 AR ES

COMLAB 642 0.87 10 0.03 302 0.02 29 -0.08 1 -0.58 2 -0.42 2 -0.23 1 -0.82 427 -1.20 135 -0.17 AR MS

COMLAB 654 1.08 7 -1.45 301 -0.02 30 0.21 <5 bld <5 bld <5 bld <5 bld 456 1.03 145 0.92 AR ES

COMLAB 625 0.55 8 -0.74 301 0.00 29 -0.08 1 -0.88 1 -1.15 1 -0.77 1 -1.18 439 -0.25 127 -1.07 AR MS

COMLAB 652 1.04 8 -0.92 301 -0.02 29 -0.20 <2 bld <2 bld <2 bld <2 bld 433 -0.75 133 -0.41 AR ES

COMLAB 573 -0.37 9 -0.33 320 1.28 25 -1.85 2 0.49 3 0.82 3 0.43 <2 bld 501 3.00 157 2.37 AR AAS

COMLAB 183 -3.00 6 -2.11 277 -1.67 27 -1.03 2 0.49 3 0.82 1 -0.90 2 -0.10 387 -3.00 119 -2.03 1A ICP

COMLAB 518 -1.35 11 0.86 298 -0.23 37 3.00 1 -1.03 2 -0.22 2 -0.23 3 0.80 437 -0.44 126 -1.22 AR ICP

COMLAB 508 -1.53 9 -0.33 317 1.07 30 0.21 2 0.49 <2 bld <2 bld <2 bld 432 -0.82 129 -0.88 AR MS

COMLAB 564 -0.53 12 1.46 311 0.66 31 0.62 3 2.01 2 -0.22 2 -0.23 3 0.80 439 -0.28 135 -0.18 AR MS

COMLAB 384 -3.00 13 2.05 297 -0.30 30 0.21 2 0.49 <2 bld 4 1.10 6 3.00 430 -0.98 124 -1.46 AR ES

COMLAB 636 0.76 10 0.07 315 0.92 31 0.43 <3 bld <3 bld <3 bld <3 bld 441 -0.13 135 -0.17 AR ES

COMLAB 533 -1.09 9 -0.33 290 -0.78 27 -1.03 2 0.49 3 0.82 3 0.43 3 0.80 403 -3.00 132 -0.53 AR ES

COMLAB 609 0.27 11 0.86 313 0.80 32 1.03 <1.5 bld <1.5 bld <1.5 bld <1.5 bld 456 1.03 146 1.09 AR ES

COMLAB 613 0.34 2 -3.00 311 0.66 2 -3.00 2 0.49 3 0.82 <1 bld 4 1.70 423 -1.52 25 -3.00 AR ICP

COMLAB 537 -1.01 13 2.05 322 1.42 36 2.67 1 -1.03 3 0.82 2 -0.23 2 -0.10 554 3.00 181 3.00 AR AAS

MINELAB 633 0.70 10 -0.01 288 -0.93 26 -1.52 2 0.34 2 0.29 2 -0.20 2 -0.16 440 -0.24 130 -0.71 AR AAS

MINELAB 693 1.78 6 -2.11 250 -3.00 30 0.21 <1 bld 4 1.85 7 3.00 <1 bld 431 -0.90 128 -0.99 3A AAS

MINELAB 612 0.33 13 1.76 305 0.23 35 2.07 <2 bld <2 bld <2 bld <2 bld 408 -2.67 104 -3.00 AR ICP

MINELAB 616 0.40 8 -0.92 276 -1.73 29 -0.20 1 -1.03 2 -0.22 1 -0.90 3 0.80 438 -0.36 120 -1.92 3A ES

MINELAB 675 1.46 8 -0.74 327 1.79 27 -0.86 1 -0.88 2 -0.42 1 -0.70 1 -0.91 455 0.96 136 -0.10 ICP

MINELAB 563 -0.55 8 -0.67 281 -1.43 26 -1.33 <5 bld <5 bld <5 bld <5 bld 432 -0.86 136 -0.08 AR ES

MINELAB 599 0.10 10 0.05 286 -1.03 28 -0.76 2 0.84 nr nr nr nr nr nr 455 0.98 143 0.70 AR MS

MINELAB 613 0.35 9 -0.52 287 -0.97 28 -0.66 2 0.75 2 -0.14 2 -0.13 2 -0.42 453 0.81 133 -0.41 AR ES

MINELAB 619 0.44 10 -0.01 312 0.77 31 0.63 <3 bld <3 bld <3 bld <3 bld 465 1.70 142 0.67 AR ES

MINELAB 618 0.43 10 0.27 300 -0.09 30 0.21 2 0.49 4 1.85 2 -0.23 4 1.70 432 -0.82 134 -0.30 AR ES

MINELAB 650 1.01 9 -0.33 304 0.18 31 0.62 <5 bld <5 bld <5 bld <5 bld 457 1.10 135 -0.18 AR ES

MINELAB 488 -1.89 9 -0.37 302 0.02 30 0.35 1 -0.41 2 -0.67 2 -0.42 1 -0.77 421 -1.69 130 -0.82 AR ES

MINELAB 627 0.59 12 1.46 299 -0.16 30 0.21 4 3.00 4 1.85 6 2.44 4 1.70 434 -0.67 137 0.05 AR AAS

MINELAB 656 1.11 11 0.86 314 0.87 40 3.00 <1 bld <1 bld <1 bld <1 bld 490 3.00 135 -0.18 AR ICP

MINELAB 682 1.58 bld bld 332 2.10 bld bld bld bld bld bld bld bld bld bld 451 0.64 139 0.28 AR AAS

MINELAB 588 -0.10 13 1.93 331 2.03 30 0.00 <10 bld <10 bld <10 bld <10 bld 452 0.72 151 1.67 AR AAS

MINELAB 586 -0.14 10 0.10 293 -0.57 30 0.22 1 -1.63 3 1.13 3 0.41 1 -1.05 441 -0.12 135 -0.15 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Insufficient reliable results were received for the highlighted materials. These results do not contribute to the error charts.

Method Reading

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Arsenic Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Arsenic Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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Zarazma Minerals Studies Company ReportPage 34

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Cobalt (Total Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 7 4 55 49 57 37 73 31 55 45

STDEV (ppm) 2 1 3 3 3 2 3 2 3 3

95% CI (ppm) 0 0 1 1 1 0 1 0 1 1

95% CI (%) 6.40% 4.81% 1.54% 1.51% 1.19% 1.13% 1.13% 1.47% 1.39% 1.50% Cobalt Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 4 3 47 42 52 34 66 27 47 39

MEDIAN (ppm) 7 4 55 49 57 37 74 31 55 45

MAX (ppm) 11 6 61 54 64 40 80 35 60 50

IQR (ppm) 2 1 4 4 4 2 5 2 4 3

COUNT 50 49 58 60 58 57 58 58 58 55

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 7 0.28 4 -0.22 57 0.49 51 0.75 54 -1.13 34 -1.62 68 -1.67 29 -1.05 51 -1.20 42 -1.31 4A ES

COMLAB <1 -3.00 5 0.85 57 0.58 52 1.21 60 1.03 39 1.40 78 1.57 31 0.03 56 0.44 46 0.34 4A ICP

COMLAB 15 3.00 5 0.85 54 -0.34 49 0.16 61 1.41 39 1.40 74 0.31 31 0.03 54 -0.24 46 0.34 4A ICP

COMLAB <1 -3.00 4 -0.49 52 -0.95 47 -0.53 57 -0.10 36 -0.49 75 0.63 29 -1.11 50 -1.61 42 -1.23 4A ICP

COMLAB <10 bld <10 bld 54 -0.34 50 0.51 59 0.65 38 0.77 76 0.94 33 1.17 57 0.78 50 1.91 4A ES

COMLAB 5 -1.19 4 -0.49 55 -0.03 50 0.51 55 -0.86 36 -0.49 70 -0.94 30 -0.54 53 -0.59 44 -0.44 4A ES

COMLAB 7 0.09 4 -0.49 59 1.19 50 0.51 56 -0.48 38 0.77 76 0.94 31 0.03 55 0.10 46 0.34 4A ES

COMLAB 6 -0.55 5 0.85 57 0.58 49 0.16 57 -0.10 36 -0.49 73 0.00 32 0.60 54 -0.24 46 0.34 4A ES

COMLAB <1 -3.00 3 -1.84 54 -0.34 48 -0.19 57 -0.10 35 -1.12 74 0.31 32 0.60 52 -0.93 41 -1.62 4A ES

COMLAB 7 0.09 4 -0.49 59 1.19 46 -0.88 56 -0.48 37 0.14 75 0.63 30 -0.54 54 -0.24 43 -0.84 4A ES

COMLAB 5 -1.19 5 0.85 56 0.27 53 1.55 54 -1.24 37 0.14 69 -1.26 34 1.74 50 -1.61 50 1.91 4A ES

COMLAB 4 -1.83 2 -3.00 56 0.27 48 -0.19 57 -0.10 36 -0.49 73 0.00 29 -1.11 56 0.44 43 -0.84 4A ICP

COMLAB <1 -3.00 5 0.85 55 -0.03 47 -0.53 58 0.27 35 -1.12 77 1.25 30 -0.54 53 -0.59 51 2.31 4A ES

COMLAB 10 2.00 10 3.00 55 -0.03 45 -1.23 55 -0.86 35 -1.12 70 -0.94 30 -0.54 60 1.81 50 1.91 4A ES

COMLAB 7 0.09 5 0.85 57 0.58 52 1.21 58 0.27 36 -0.49 75 0.63 31 0.03 56 0.44 46 0.34 4A ES

COMLAB 11 2.64 4 -0.49 57 0.58 49 0.16 58 0.27 37 0.14 73 0.00 30 -0.54 55 0.10 45 -0.05 4A ES

COMLAB 6 -0.55 4 -0.49 57 0.58 49 0.16 55 -0.86 36 -0.49 73 0.00 29 -1.11 55 0.10 45 -0.05 4A ES

COMLAB 6 -0.55 3 -1.84 53 -0.64 47 -0.53 55 -0.86 36 -0.49 69 -1.26 30 -0.54 51 -1.27 42 -1.23 4A ES

COMLAB 7 0.09 4 -0.49 53 -0.64 50 0.51 64 2.55 38 0.77 83 3.00 34 1.74 55 0.10 48 1.13 4A ES

COMLAB 7 0.09 4 -0.63 60 1.50 51 0.72 57 0.01 36 -0.68 74 0.31 33 1.06 57 0.68 44 -0.40 4A MS

COMLAB 5 -1.06 6 2.33 51 -1.34 43 -2.00 55 -0.86 35 -0.87 70 -1.07 30 -0.54 57 0.65 48 1.21 5A ES

COMLAB 7 0.21 4 -0.36 56 0.40 51 0.79 56 -0.48 38 0.52 74 0.15 31 0.26 59 1.43 46 0.26 4A ICP

COMLAB 4 -1.83 4 -0.49 52 -0.95 48 -0.19 58 0.27 37 0.14 77 1.25 29 -1.11 53 -0.59 44 -0.44 4A MS

COMLAB 7 0.28 4 -0.36 60 1.50 54 1.90 58 0.27 38 0.77 75 0.63 32 0.60 59 1.47 47 0.73 NAA

COMLAB 8 0.72 5 0.85 56 0.27 52 1.21 55 -0.86 36 -0.49 74 0.31 30 -0.54 54 -0.24 43 -0.84 4A MS

COMLAB 6 -0.36 4 -0.63 58 1.01 48 -0.29 62 1.72 40 2.09 80 2.13 34 1.51 58 0.95 46 0.26 4A MS

COMLAB 7 0.15 7 3.00 54 -0.21 46 -0.81 58 0.20 37 0.14 72 -0.25 32 0.83 60 1.81 54 3.00 4A ES

COMLAB 8 0.72 4 -0.49 56 0.27 49 0.16 57 -0.10 37 0.14 74 0.31 31 0.03 55 0.10 44 -0.44 4A ICP

COMLAB 28 3.00 6 2.20 61 1.80 53 1.55 64 2.55 47 3.00 79 1.88 42 3.00 65 3.00 55 3.00 4A ES

COMLAB <4 bld 5 0.18 56 0.40 51 0.75 55 -0.98 36 -0.24 70 -0.88 30 -0.77 54 -0.31 43 -0.72 3A,MICR ES

COMLAB 7 0.09 4 -0.49 59 1.19 50 0.51 60 1.03 38 0.77 75 0.63 31 0.03 55 0.10 48 1.13 4A MS

COMLAB 7 0.02 4 -0.22 58 1.01 51 0.89 59 0.73 38 0.64 75 0.50 32 0.37 56 0.41 45 0.03 4A ES

COMLAB 7 -0.04 4 -0.76 58 0.76 49 0.27 56 -0.45 36 -0.80 73 -0.10 30 -0.37 56 0.30 45 -0.21 4A MS

COMLAB 6 -0.55 5 0.85 56 0.27 49 0.16 59 0.65 37 0.14 75 0.63 30 -0.54 55 0.10 45 -0.05 4A ES

COMLAB 7 0.15 4 -0.09 59 1.31 52 1.07 59 0.62 40 1.90 77 1.32 32 0.49 59 1.54 47 0.81 4A MS

COMLAB 7 0.09 4 -0.49 58 0.88 50 0.51 59 0.65 37 0.14 72 -0.32 31 0.03 57 0.78 45 -0.05 4A MS

COMLAB 7 0.09 4 -0.49 58 0.88 52 1.21 61 1.41 40 2.03 78 1.57 32 0.60 57 0.78 50 1.91 4A ICP

COMLAB 5 -1.16 4 -0.16 55 -0.09 47 -0.50 58 0.20 36 -0.80 75 0.66 31 -0.25 57 0.82 46 0.38 4A ES

COMLAB 7 0.02 4 -0.09 56 0.21 50 0.34 58 0.31 39 1.33 75 0.50 32 0.32 58 1.26 46 0.46 4A MS

COMLAB 8 0.72 5 0.85 47 -2.47 42 -2.28 52 -2.00 35 -1.12 70 -0.94 30 -0.54 50 -1.61 41 -1.62 4A ES

COMLAB 8 0.98 4 -0.49 61 1.68 53 1.62 53 -1.78 34 -2.06 66 -2.20 28 -1.56 51 -1.13 44 -0.64 4A ICP

COMLAB 8 0.72 4 -0.49 55 -0.03 50 0.51 53 -1.62 35 -1.12 69 -1.26 29 -1.11 56 0.44 47 0.73 4A ES

COMLAB 6 -0.55 4 -0.49 52 -0.95 47 -0.53 56 -0.48 35 -1.12 74 0.31 30 -0.54 54 -0.24 44 -0.44 4A ES

COMLAB 37 3.00 8 3.00 107 3.00 90 3.00 105 3.00 80 3.00 142 3.00 62 3.00 103 3.00 91 3.00 4A

COMLAB 4 -1.89 5 0.18 54 -0.46 48 -0.22 55 -1.05 35 -1.37 69 -1.20 28 -1.62 54 -0.41 42 -1.31 4A ICP

COMLAB 6 -0.55 7 3.00 54 -0.40 51 0.79 59 0.61 38 0.74 74 0.22 34 1.68 53 -0.60 43 -0.89 4A AAS

COMLAB 9 1.11 5 1.39 53 -0.64 44 -1.58 61 1.41 42 3.00 74 0.31 35 2.31 47 -2.64 48 1.13 4A,FUS AAS,MS

COMLAB <20 bld <20 bld 53 -0.64 44 -1.58 54 -1.24 36 -0.49 69 -1.26 27 -2.25 50 -1.61 42 -1.23 4A AAS

COMLAB 5 -1.19 <5 bld 48 -2.17 45 -1.23 55 -0.86 36 -0.49 70 -0.94 30 -0.54 53 -0.59 44 -0.44 4A AAS

COMLAB 4 -1.83 5 0.85 52 -0.95 49 0.16 58 0.27 36 -0.49 75 0.63 31 0.03 56 0.44 45 -0.05 4A ES

COMLAB 8 0.72 6 1.70 49 -2.01 44 -1.75 58 0.42 35 -1.42 66 -2.35 32 0.66 56 0.60 55 3.00 4A MS

COMLAB 12 3.00 2 -3.00 53 -0.64 48 -0.19 68 3.00 38 0.77 76 0.94 33 1.17 56 0.44 49 1.52 4A ES

COMLAB 7 0.18 4 -0.63 45 -3.00 45 -1.23 55 -0.75 42 3.00 69 -1.22 29 -0.85 53 -0.44 45 -0.01 4A ES

COMLAB 7 -0.17 4 -0.63 52 -0.85 46 -0.78 57 -0.26 37 -0.05 71 -0.79 30 -0.42 55 -0.04 45 -0.09 4A ES

COMLAB 10 2.00 9 3.00 53 -0.64 50 0.51 60 1.03 39 1.40 76 0.94 34 1.74 55 0.10 45 -0.05 4A ES

COMLAB 16 3.00 10 3.00 77 3.00 55 2.25 64 2.55 40 2.03 83 3.00 44 3.00 55 0.10 37 -3.00 4A ICP

COMLAB 8 0.72 4 -0.49 57 0.58 48 -0.19 59 0.65 37 0.14 73 0.00 32 0.60 59 1.47 50 1.91 4A ES

MINELAB 10 2.00 10 3.00 59 1.19 52 1.21 61 1.41 40 2.03 77 1.25 34 1.74 66 3.00 58 3.00 FUS ES

MINELAB 8 0.83 6 2.78 55 -0.18 43 -2.09 58 0.46 39 1.29 73 0.02 33 1.38 60 1.76 53 3.00 4A ES

MINELAB 7 0.28 4 -0.36 53 -0.76 47 -0.50 55 -1.02 35 -1.37 69 -1.23 29 -0.88 53 -0.72 43 -0.76 4A ES

MINELAB 5 -1.19 5 0.45 44 -3.00 45 -1.34 46 -3.00 38 0.77 60 -3.00 23 -3.00 52 -0.93 45 -0.05 3A,MICR ES

MINELAB 7 0.09 3 -2.24 50 -1.71 45 -1.30 54 -1.24 35 -0.87 70 -0.94 30 -0.54 53 -0.62 45 -0.17 4A MS

MINELAB <10 bld <10 bld 48 -2.05 48 -0.11 58 0.15 36 -0.26 72 -0.30 29 -1.38 49 -2.10 39 -2.53 FUS ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Cobalt Assay (Total Digest) - Mean of Absolute Standardized Values - April 2020 Cobalt Assay (Total Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 36

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Cobalt (Partial Digest) Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

MEAN (ppm) 7 4 51 46 57 36 73 30 48 35

STDEV (ppm) 2 0 4 3 4 1 3 2 2 3

95% CI (ppm) 1 0 1 1 1 0 1 0 1 1

95% CI (%) 7.57% 3.58% 2.16% 2.06% 1.69% 1.10% 1.19% 1.44% 1.42% 2.50% Cobalt Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020MIN (ppm) 3 3 40 38 51 33 66 27 42 30

MEDIAN (ppm) 7 4 51 45 57 36 73 30 47 35

MAX (ppm) 11 5 60 54 66 38 80 34 54 43

IQR (ppm) 1 0 5 4 4 2 3 2 2 4

COUNT 40 43 49 49 52 41 48 48 46 48

Standard Reference GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB <1 -3.00 4 0.21 46 -1.18 43 -0.79 63 1.69 40 3.00 80 2.48 34 2.34 49 0.53 36 0.30 AR ICP

COMLAB 10 2.02 4 0.21 50 -0.14 44 -0.49 60 0.83 38 1.59 76 1.16 33 1.69 48 0.10 38 0.95 AR ICP

COMLAB <1 -3.00 4 0.21 43 -1.95 39 -1.99 61 1.12 38 1.59 77 1.49 32 1.04 47 -0.33 34 -0.35 AR ICP

COMLAB 9 1.40 6 3.00 43 -1.95 42 -1.09 56 -0.31 37 0.80 70 -0.83 27 -2.22 40 -3.00 33 -0.68 AR ES

COMLAB <1 -3.00 4 0.21 53 0.63 48 0.72 55 -0.60 34 -1.55 73 0.16 29 -0.92 46 -0.76 35 -0.03 AR ES

COMLAB 6 -0.45 4 0.21 54 0.89 49 1.02 55 -0.60 36 0.02 74 0.49 31 0.39 48 0.10 33 -0.68 AR ES

COMLAB 5 -1.06 4 0.21 53 0.63 47 0.42 55 -0.60 37 0.80 71 -0.50 30 -0.27 46 -0.76 34 -0.35 AR ES

COMLAB 7 0.17 4 0.21 54 0.89 49 1.02 57 -0.02 35 -0.77 72 -0.17 31 0.39 47 -0.33 34 -0.35 AR ICP

COMLAB <1 -3.00 4 0.21 50 -0.14 46 0.12 56 -0.31 35 -0.77 73 0.16 29 -0.92 46 -0.76 34 -0.35 AR ES

COMLAB 11 2.63 4 0.21 55 1.15 49 1.02 58 0.26 38 1.59 72 -0.17 32 1.04 49 0.53 35 -0.03 AR ES

COMLAB 8 0.79 4 0.21 53 0.63 47 0.42 58 0.26 36 0.02 74 0.49 31 0.39 49 0.53 34 -0.35 AR ES

COMLAB 6 -0.45 4 0.21 51 0.12 45 -0.18 55 -0.60 36 0.02 71 -0.50 29 -0.92 47 -0.33 33 -0.68 AR ES

COMLAB 5 -1.06 4 0.21 53 0.63 47 0.42 57 -0.02 35 -0.77 72 -0.17 30 -0.27 47 -0.33 33 -0.68 AR ES

COMLAB 7 0.05 4 -0.87 51 0.22 45 -0.09 59 0.46 35 -0.69 75 0.76 30 -0.40 47 -0.50 32 -1.17 AR MS

COMLAB 5 -0.82 4 0.43 44 -1.77 40 -1.75 51 -1.68 29 -3.00 62 -3.00 23 -3.00 47 -0.33 36 0.17 AR ES

COMLAB 7 -0.01 4 -0.22 51 0.19 46 0.06 59 0.49 35 -0.53 72 -0.30 31 0.65 48 0.19 37 0.62 AR ICP

COMLAB 10 2.02 4 0.21 55 1.15 49 1.02 57 -0.02 37 0.80 73 0.16 31 0.39 50 0.96 36 0.30 AR ES

COMLAB 6 -0.32 4 -0.01 40 -2.63 38 -2.39 56 -0.28 36 0.02 72 -0.30 29 -0.66 45 -1.06 32 -1.10 AR MS

COMLAB 6 -0.45 5 2.37 53 0.63 48 0.72 52 -1.45 37 0.80 71 -0.50 29 -0.92 54 2.68 46 3.00 AR MS

COMLAB 5 -1.22 3 -1.95 48 -0.67 42 -0.95 52 -1.36 59 3.00 74 0.40 29 -1.18 48 0.15 24 -3.00 AR,MICR ES

COMLAB <1 -3.00 2 -3.00 52 0.33 50 1.34 53 -1.21 32 -3.00 73 0.19 29 -1.05 48 0.19 35 -0.01 AR ES

COMLAB 7 0.17 4 0.21 53 0.63 47 0.42 58 0.26 37 0.80 74 0.49 32 1.04 51 1.39 39 1.27 AR MS

COMLAB 5 -1.19 4 -0.35 52 0.35 46 0.24 58 0.17 34 -1.24 74 0.46 30 -0.14 47 -0.29 38 0.88 AR ES

COMLAB 7 -0.01 4 0.21 53 0.58 47 0.33 55 -0.65 36 -0.37 72 -0.33 31 0.19 47 -0.25 34 -0.35 AR MS

COMLAB 15 3.00 6 3.00 49 -0.40 44 -0.49 53 -1.17 35 -0.77 66 -2.15 29 -0.92 55 3.00 48 3.00 3A ES

COMLAB 7 0.42 4 0.21 49 -0.53 43 -0.79 55 -0.65 35 -1.16 69 -1.33 29 -1.05 46 -0.76 33 -0.81 AR ES

COMLAB 6 -0.45 3 -1.95 49 -0.40 45 -0.18 55 -0.60 34 -1.55 71 -0.50 30 -0.27 44 -1.62 32 -1.01 AR ES

COMLAB 5 -1.06 4 0.21 49 -0.40 44 -0.49 55 -0.60 35 -0.77 73 0.16 29 -0.92 47 -0.33 32 -1.01 AR ES

COMLAB 5 -1.06 4 0.21 36 -3.00 34 -3.00 56 -0.31 35 -0.77 73 0.16 29 -0.92 45 -1.19 37 0.62 AR AAS

COMLAB 6 -0.45 7 3.00 52 0.38 44 -0.49 58 0.26 38 1.59 74 0.49 31 0.39 58 3.00 46 3.00 3A ICP

COMLAB 8 0.97 5 1.51 51 0.09 46 0.21 64 2.06 42 3.00 68 -1.62 37 3.00 47 -0.33 40 1.50 AR ICP

COMLAB 3 -2.29 4 0.21 50 -0.14 44 -0.49 61 1.12 37 0.80 75 0.83 30 -0.27 47 -0.33 34 -0.35 AR ES

COMLAB 7 0.17 4 0.21 53 0.63 48 0.72 61 1.12 37 0.80 75 0.83 30 -0.27 49 0.53 34 -0.35 AR MS

COMLAB 8 0.79 3 -1.95 47 -0.92 43 -0.79 54 -0.88 35 -0.77 69 -1.16 28 -1.57 43 -2.06 30 -1.66 AR ES

COMLAB 10 1.75 3 -2.45 49 -0.38 45 -0.15 56 -0.35 37 0.51 70 -0.84 31 0.27 49 0.34 36 0.39 AR ES

COMLAB 6 -0.45 4 0.21 47 -0.92 41 -1.39 56 -0.31 36 0.02 68 -1.49 31 0.39 47 -0.33 36 0.30 AR ES

COMLAB 7 0.17 4 0.21 52 0.38 49 1.02 57 -0.02 37 0.80 73 0.16 31 0.39 49 0.53 36 0.30 AR ES

COMLAB 16 3.00 4 0.21 53 0.63 46 0.12 59 0.55 40 3.00 74 0.49 33 1.69 51 1.39 41 1.92 3A ICP

COMLAB 7 0.17 6 3.00 53 0.63 54 2.53 80 3.00 52 3.00 104 3.00 43 3.00 63 3.00 50 3.00 AR AAS

MINELAB 17 3.00 4 0.32 37 -3.00 34 -3.00 53 -1.08 35 -1.12 79 2.16 29 -1.03 42 -2.34 31 -1.31 AR ES

MINELAB 7 0.43 6 3.00 60 2.56 52 1.95 64 2.05 42 3.00 82 3.00 37 3.00 57 3.00 42 2.33 AR ICP

MINELAB 34 3.00 <10 bld 73 3.00 59 3.00 66 2.54 47 3.00 84 3.00 39 3.00 59 3.00 43 2.58 3A AAS

MINELAB <5 bld 4 0.21 49 -0.40 43 -0.79 53 -1.17 35 -0.77 68 -1.49 30 -0.27 46 -0.76 32 -1.01 3A ES

MINELAB 6 -0.63 4 -0.87 52 0.25 50 1.17 56 -0.22 44 3.00 71 -0.60 30 -0.01 48 0.01 30 -1.79 ICP

MINELAB 7 0.12 4 0.28 45 -1.52 40 -1.58 55 -0.48 37 0.48 71 -0.42 31 0.50 47 -0.45 37 0.48 AR ES

MINELAB 6 -0.32 5 1.70 48 -0.58 44 -0.58 63 1.66 41 3.00 80 2.42 34 2.11 53 2.21 40 1.66 AR MS

MINELAB 5 -0.88 4 0.71 48 -0.68 44 -0.56 59 0.51 36 0.01 72 -0.24 30 0.04 49 0.36 36 0.14 AR ES

MINELAB <8 bld <8 bld 51 0.08 45 -0.21 57 -0.04 37 0.78 74 0.33 31 0.52 47 -0.20 34 -0.47 3A ES

MINELAB 7 0.05 4 -0.01 50 -0.22 45 -0.31 58 0.15 37 0.41 74 0.40 31 0.26 48 -0.12 38 0.78 AR ES

MINELAB <5 bld <5 bld 49 -0.40 47 0.42 59 0.55 38 1.59 76 1.16 31 0.39 49 0.53 36 0.30 AR ES

MINELAB 26 3.00 2 -3.00 57 1.67 47 0.42 58 0.26 36 0.02 70 -0.83 30 -0.27 52 1.82 37 0.62 AR ICP

MINELAB 8 0.48 5 1.73 58 1.90 51 1.62 63 1.80 41 3.00 82 3.00 34 2.15 52 1.82 37 0.56 3A AAS

MINELAB 7 -0.14 3 -2.60 48 -0.71 45 -0.34 53 -1.05 35 -0.53 72 -0.33 30 -0.20 46 -0.76 33 -0.81 AR MSMINELAB 13 3.00 4 -0.68 36 -3.00 34 -3.00 51 -1.82 33 -2.57 68 -1.58 28 -1.73 40 -3.00 30 -1.55 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

Zarazma Minerals Studies Company Report Page 37

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Cobalt Assay (Partial Digest) - Mean of Absolute Standardized Values - April 2020 Cobalt Assay (Partial Digest) - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

MINELAB

Zarazma Minerals Studies Company ReportPage 38

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Ore Grade Copper Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (ppm) 16875 25716 504 168697 128 49

STDEV (ppm) 550 769 24 5308 18 8

95% CI (ppm) 102 145 5 1010 4 2

95% CI (%) 0.61% 0.56% 0.96% 0.60% 2.93% 3.51% Ore Grade Copper Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 15500 23546 448 154951 90 30

MEDIAN (ppm) 16852 25700 500 168000 123 49

MAX (ppm) 18346 27760 570 183000 177 70

IQR (ppm) 589 900 25 5892 24 10

COUNT 112 109 97 107 89 86

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 17765 1.62 27493 2.31 475 -1.21 173175 0.84 116 -0.67 49 0.04 AR ES

COMLAB 16900 0.05 25800 0.11 500 -0.17 164000 -0.88 110 -1.00 <50 bld FUS ICP

COMLAB 16940 0.12 25450 -0.35 500 -0.17 172980 0.81 120 -0.45 50 0.16 4A ES

COMLAB 16400 -0.86 25500 -0.28 500 -0.17 171000 0.43 120 -0.45 50 0.16 4A ES

COMLAB 16670 -0.37 25467 -0.32 495 -0.38 166296 -0.45 115 -0.72 53 0.54 FUS ES

COMLAB 16339 -0.97 23546 -2.82 534 1.24 166881 -0.34 160 1.78 100 3.00 4A AAS

COMLAB 20937 3.00 30322 3.00 420 -3.00 158222 -1.97 223 3.00 70 2.65 4A ES

COMLAB 16674 -0.36 26079 0.47 495 -0.38 171921 0.61 112 -0.89 41 -0.95 3A ES

COMLAB 16950 0.14 25600 -0.15 490 -0.58 168000 -0.13 150 1.23 50 0.16 4A ES

COMLAB 16800 -0.14 25300 -0.54 600 3.00 171000 0.43 200 3.00 <100 bld FUS XRF

COMLAB 16600 -0.50 25900 0.24 510 0.24 165500 -0.60 130 0.11 60 1.41 4A ES

COMLAB 16580 -0.54 25430 -0.37 600 3.00 158170 -1.98 230 3.00 80 3.00 4A ES

COMLAB 17150 0.50 25600 -0.15 500 -0.17 175500 1.28 130 0.11 40 -1.08 FUS ES

COMLAB 17450 1.05 26200 0.63 500 -0.17 167500 -0.23 130 0.11 60 1.41 4A ES

COMLAB 16800 -0.14 25700 -0.02 500 -0.17 163500 -0.98 130 0.11 50 0.16 4A ICP

COMLAB 16950 0.14 25600 -0.15 500 -0.17 163500 -0.98 130 0.11 60 1.41 4A ES

COMLAB 17300 0.77 26200 0.63 nr nr 167000 -0.32 nr nr nr nr 4A ES

COMLAB 16080 -1.44 25790 0.10 580 3.00 166480 -0.42 150 1.23 50 0.16 AR ES

COMLAB 16700 -0.32 25400 -0.41 490 -0.58 165500 -0.60 160 1.78 50 0.16 AR ES

COMLAB 16900 0.05 25500 -0.28 520 0.66 166000 -0.51 150 1.23 50 0.16 AR ES

COMLAB 16550 -0.59 26300 0.76 480 -1.00 168000 -0.13 120 -0.45 50 0.16 4A ES

COMLAB 16490 -0.70 25130 -0.76 nr nr 167200 -0.28 nr nr nr nr 4A AAS

COMLAB 17440 1.03 26260 0.71 510 0.24 167700 -0.19 120 -0.45 50 0.16 AR AAS

COMLAB 17020 0.26 26350 0.82 500 -0.17 167650 -0.20 120 -0.45 40 -1.08 4A AAS

COMLAB 15500 -2.50 25300 -0.54 510 0.24 167500 -0.23 170 2.34 60 1.41 4A ES

COMLAB 16650 -0.41 25300 -0.54 490 -0.58 169500 0.15 140 0.67 50 0.16 4A ES

COMLAB 16500 -0.68 25000 -0.93 nr nr 167200 -0.28 nr nr nr nr 4A AAS

COMLAB 16289 -1.06 26227 0.66 509 0.20 183000 2.69 134 0.33 50 0.16 5A ES

COMLAB 17410 0.97 26210 0.64 510 0.24 164300 -0.83 130 0.11 50 0.16 4A AAS

COMLAB 16600 -0.50 25200 -0.67 564 2.48 167000 -0.32 72 -3.00 54 0.66 3A ES

COMLAB 16907 0.06 25360 -0.46 493 -0.46 >100000 ald 113 -0.84 46 -0.33 AR AAS

COMLAB 16900 0.05 25800 0.11 476 -1.16 168000 -0.13 114 -0.78 54 0.66 4A ES

COMLAB 18346 2.67 27488 2.30 554 2.06 >100000 ald 125 -0.17 37 -1.45 AR ES

COMLAB 16420 -0.83 25560 -0.20 490 -0.58 169930 0.23 150 1.23 50 0.16 4A AAS

COMLAB 17300 0.77 25800 0.11 506 0.08 170000 0.25 120 -0.45 64 1.90 AR ICP

COMLAB 16300 -1.04 24500 -1.58 465 -1.62 168400 -0.06 124 -0.22 36 -1.58 4A,TITR ES

COMLAB 17000 0.23 25900 0.24 500 -0.17 170500 0.34 100 -1.56 100 3.00 AR ES

COMLAB 17000 0.23 25600 -0.15 499 -0.21 175000 1.19 116 -0.67 53 0.54 4A ICP

COMLAB 18288 2.57 3044 -3.00 648 3.00 185664 3.00 119 -0.47 51 0.32 AR,MICR ES

COMLAB nr nr nr nr nr nr 167339 -0.26 nr nr nr nr 4A,TITR

COMLAB 16603 -0.49 24901 -1.06 490 -0.58 173924 0.98 11 -3.00 66 2.15 4A ES

COMLAB 16894 0.04 26153 0.57 532 1.14 169904 0.23 120 -0.46 41 -0.92 3A,MICR ES

COMLAB 16895 0.04 25695 -0.03 511 0.28 167997 -0.13 110 -1.00 53 0.54 4A,TITR AAS

COMLAB 18245 2.49 27555 2.39 448 -2.34 173260 0.86 71 -3.00 <1 -3.00 AR ES

COMLAB 16910 0.06 25296 -0.55 491 -0.54 167507 -0.22 148 1.12 67 2.28 4A ES

COMLAB 16400 -0.86 24400 -1.71 475 -1.21 171000 0.43 105 -1.28 45 -0.46 MS

COMLAB 17173 0.54 24955 -0.99 496 -0.34 172350 0.69 140 0.67 57 1.03 4A ES

COMLAB 17300 0.77 25700 -0.02 526 0.90 172200 0.66 135 0.39 56 0.91 4A ES

COMLAB 17300 0.77 26400 0.89 600 3.00 162000 -1.26 200 3.00 100 3.00 4A AAS

COMLAB 15840 -1.88 18800 -3.00 646 3.00 21040 -3.00 275 3.00 74 3.00 3A AAS

COMLAB 17883 1.83 26841 1.46 504 -0.01 170620 0.36 135 0.39 54 0.66 4A ICP

COMLAB 16802 -0.13 25535 -0.23 536 1.33 165940 -0.52 136 0.43 44 -0.59 4A ES

COMLAB 16780 -0.17 25433 -0.37 494 -0.42 166982 -0.32 127 -0.06 39 -1.20 4A ES

COMLAB 17223 0.63 25809 0.12 500 -0.17 174545 1.10 113 -0.84 49 0.04 3A ICP

COMLAB 16940 0.12 25550 -0.22 503 -0.05 172950 0.80 210 3.00 44 -0.58 4A ES

COMLAB 16250 -1.13 24850 -1.13 497 -0.30 156000 -2.39 148 1.12 56 0.95 AR ES

COMLAB 17900 1.86 28100 3.00 482 -0.92 170000 0.25 120 -0.45 42 -0.83 4A ICP

COMLAB 15600 -2.32 24000 -2.23 500 -0.17 164000 -0.88 143 0.84 50 0.16 4A AAS

COMLAB 16857 -0.03 24749 -1.26 512 0.33 167303 -0.26 168 2.23 46 -0.33 4A ES

COMLAB 17010 0.25 25847 0.17 505 0.04 167845 -0.16 118 -0.56 45 -0.46 FUS,4A ES

COMLAB 17440 1.03 27760 2.66 506 0.08 165960 -0.52 143 0.84 50 0.14 AR AAS

COMLAB 17000 0.23 25700 -0.02 520 0.66 165700 -0.56 120 -0.45 40 -1.08 ES

COMLAB 16476 -0.72 26532 1.06 490 -0.58 168050 -0.12 174 2.56 <100 bld 4A AAS

COMLAB 17317 0.80 27026 1.70 423 -3.00 182374 2.58 177 2.73 44 -0.58 3A ICP

COMLAB 17986 2.02 26960 1.62 531 1.11 170774 0.39 123 -0.28 47 -0.21 4A ICP

COMLAB 16337 -0.98 24622 -1.42 462 -1.74 164446 -0.80 108 -1.11 42 -0.83 AAS

COMLAB 15859 -1.85 24617 -1.43 570 2.74 154951 -2.59 207 3.00 82 3.00 4A AAS

COMLAB 16500 -0.68 24700 -1.32 450 -2.24 165700 -0.56 90 -2.12 30 -2.32 4A,TITR AAS

COMLAB 16593 -0.51 24993 -0.94 497 -0.30 158188 -1.98 114 -0.78 <100 bld 4A AAS

COMLAB 16846 -0.05 25203 -0.67 484 -0.83 167547 -0.22 117 -0.61 54 0.66 4A AAS

COMLAB 16779 -0.17 25875 0.21 507 0.12 169366 0.13 163 1.95 65 2.03 3A AAS

COMLAB 16600 -0.50 26500 1.02 535 1.28 nr nr 115 -0.72 45 -0.46 4A AAS

COMLAB 16900 0.05 25700 -0.02 526 0.90 176700 1.51 111 -0.95 42 -0.83 AR MS

COMLAB 15667 -2.19 24531 -1.54 504 0.00 171763 0.58 126 -0.14 53 0.59 FUS ICP

COMLAB 16900 0.05 25200 -0.67 494 -0.42 166600 -0.40 234 3.00 34 -1.82 4A ES

COMLAB 16009 -1.57 25580 -0.18 545 1.70 167483 -0.23 133 0.29 57 1.08 4A ICP,AAS

COMLAB 16747 -0.23 26362 0.84 519 0.62 170244 0.29 232 3.00 <100 bld FUS ICP

COMLAB 18139 2.30 27044 1.73 524 0.82 176102 1.40 126 -0.11 49 0.04 4A ES

COMLAB >10000 ald >10000 ald 518 0.57 >10000 ald 211 3.00 66 2.15 4A ES

COMLAB 17200 0.59 26411 0.90 527 0.95 179467 2.03 122 -0.33 43 -0.71 4A ES

COMLAB 16378 -0.90 26057 0.44 507 0.12 16580 -3.00 152 1.34 46 -0.33 3A ICP

COMLAB 16784 -0.16 25449 -0.35 544 1.65 166225 -0.47 195 3.00 nr nr 4A AAS

MINELAB 16740 -0.24 26189 0.61 531 1.13 168170 -0.10 132 0.23 42 -0.89 AR AAS

MINELAB 16920 0.08 26030 0.41 510 0.24 173750 0.95 150 1.23 50 0.16 4A AAS

MINELAB 16900 0.05 26300 0.76 500 -0.17 161500 -1.36 130 0.11 70 2.65 3A AAS

MINELAB 16100 -1.41 24850 -1.13 495 -0.38 165470 -0.61 bld bld bld bld AR AAS

MINELAB 16471 -0.73 25987 0.35 510 0.24 169070 0.07 <200 bld <100 bld 3A AAS

MINELAB 16798 -0.14 26001 0.37 621 3.00 173577 0.92 288 3.00 157 3.00 AR ES

MINELAB 16945 0.13 25515 -0.26 450 -2.24 164688 -0.76 100 -1.56 40 -1.08 AR AAS

MINELAB 16587 -0.52 25068 -0.84 496 -0.34 nr nr 121 -0.39 52 0.41 FUS ES

MINELAB 16791 -0.15 25379 -0.44 474 -1.25 172916 0.79 149 1.17 <50 bld 3A AAS

MINELAB 17100 0.41 25700 -0.02 600 3.00 165700 -0.56 600 3.00 800 3.00 4A AAS

MINELAB 16800 -0.14 24100 -2.10 600 3.00 160000 -1.64 <500 bld <500 bld 3A AAS

MINELAB 17510 1.15 26735 1.32 476 -1.16 167835 -0.16 124 -0.22 62 1.66 3A ES

MINELAB 16495 -0.69 25996 0.36 487 -0.71 180067 2.14 111 -0.93 41 -0.95 AR ES

MINELAB 16300 -1.04 25900 0.24 700 3.00 160500 -1.54 200 3.00 100 3.00 FUS XRF

MINELAB 14890 -3.00 24600 -1.45 486 -0.75 163900 -0.90 115 -0.72 40 -1.08 3A AAS

MINELAB 17120 0.45 26970 1.63 507 0.12 176350 1.44 154 1.45 44 -0.58 AR,3A AAS

MINELAB 14727 -3.00 22224 -3.00 <500 bld 151073 -3.00 <500 bld <500 bld AR AAS

MINELAB 17089 0.39 26014 0.39 517 0.52 174052 1.01 123 -0.26 43 -0.69 AR ES

MINELAB 17282 0.74 nr nr 504 -0.01 177891 1.73 117 -0.63 45 -0.43 AR MS

MINELAB 16680 -0.35 25594 -0.16 499 -0.19 179989 2.13 111 -0.94 42 -0.78 AR ES

MINELAB 18714 3.00 26966 1.62 557 2.18 174999 1.19 123 -0.30 51 0.31 4A ES

MINELAB 16764 -0.20 25124 -0.77 513 0.37 160014 -1.64 127 -0.05 45 -0.50 AR ES

MINELAB 16880 0.01 26140 0.55 540 1.48 171420 0.51 140 0.67 nr nr 3A ES

MINELAB 17433 1.01 25600 -0.15 500 -0.17 164000 -0.88 140 0.67 55 0.79 AR AAS

MINELAB 16418 -0.83 25541 -0.23 482 -0.92 157595 -2.09 235 3.00 51 0.29 3A ES

MINELAB 16910 0.06 25850 0.17 515 0.43 171225 0.48 115 -0.73 34 -1.85 AR ES

MINELAB 16712 -0.29 24145 -2.04 701 3.00 147886 -3.00 366 3.00 193 3.00 3A,MICR ES

MINELAB 16778 -0.18 25406 -0.40 449 -2.28 166425 -0.43 95 -1.84 44 -0.58 AR AAS

MINELAB 17810 1.70 23322 -3.00 360 -3.00 205123 3.00 201 3.00 <1 -3.00 AR ICP

MINELAB 16600 -0.50 25400 -0.41 600 3.00 167400 -0.24 300 3.00 bld bld FUS XRF

MINELAB 16340 -0.97 25122 -0.77 487 -0.71 165171 -0.66 122 -0.33 bld bld AR AAS

MINELAB 18000 2.04 26200 0.63 510 0.24 171000 0.43 118 -0.56 42 -0.83 AR AAS

MINELAB 17215 0.62 26054 0.44 539 1.46 172488 0.71 117 -0.64 46 -0.36 3A AAS

MINELAB 17455 1.05 26749 1.34 540 1.49 172479 0.71 119 -0.49 46 -0.38 3A AAS

MINELAB 17586 1.29 26231 0.67 503 -0.04 168489 -0.04 122 -0.36 48 -0.15 3A AAS

MINELAB 17050 0.32 25300 -0.54 490 -0.58 174500 1.09 130 0.11 40 -1.08 AR ICP

MINELAB 16158 -1.30 25290 -0.55 477 -1.12 166523 -0.41 103 -1.42 50 0.15 4A,TITR AAS

MINELAB 17158 0.51 26281 0.74 543 1.60 171626 0.55 136 0.46 <200 bld FUS ICP

MINELAB 16604 -0.49 25848 0.17 498 -0.27 168913 0.04 117 -0.61 39 -1.17 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Highlighted materials are low grade and do not contribute to the error charts.

Method Reading

Zarazma Minerals Studies Company Report Page 39

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Ore Grade Copper Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Copper Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

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COMLAB

COMLAB

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COMLAB

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COMLAB

COMLAB

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COMLAB

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COMLAB

COMLAB

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Zarazma Minerals Studies Company ReportPage 40

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Ore Grade Lead Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (ppm) 45 50 49252 522 89361 22

STDEV (ppm) 10 9 1457 50 3222 15

95% CI (ppm) 3 2 310 11 711 4

95% CI (%) 5.74% 4.28% 0.63% 2.03% 0.80% 18.03% Ore Grade Lead Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 18 30 46130 386 82700 3

MEDIAN (ppm) 44 49 49200 518 89127 19

MAX (ppm) 72 71 52604 642 97526 59

IQR (ppm) 10 9 1814 43 2950 26

COUNT 63 63 86 85 80 56

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 40 -0.49 51 0.15 49940 0.47 478 -0.89 90300 0.29 9 -0.87 AR ES

COMLAB <100 bld <100 bld 48400 -0.58 600 1.57 88800 -0.17 <100 bld FUS ICP

COMLAB 40 -0.49 40 -1.13 49390 0.09 500 -0.45 94290 1.53 <30 bld 4A ES

COMLAB 80 3.00 140 3.00 49700 0.31 520 -0.04 92900 1.10 <30 bld 4A ES

COMLAB 40 -0.49 46 -0.43 47823 -0.98 508 -0.29 84352 -1.55 <20 bld FUS ES

COMLAB 138 3.00 108 3.00 48248 -0.69 711 3.00 84385 -1.54 203 3.00 4A AAS

COMLAB 49 0.38 70 2.37 49644 0.27 509 -0.27 100634 3.00 44 1.44 4A ES

COMLAB 41 -0.39 43 -0.78 54104 3.00 504 -0.37 99093 3.00 6 -1.07 3A ES

COMLAB 50 0.47 50 0.03 49100 -0.10 540 0.36 90300 0.29 20 -0.14 4A ES

COMLAB 200 3.00 200 3.00 48900 -0.24 800 3.00 90000 0.20 <100 bld FUS XRF

COMLAB 50 0.47 50 0.03 48500 -0.52 520 -0.04 90100 0.23 30 0.52 4A ES

COMLAB 40 -0.49 70 2.37 48200 -0.72 510 -0.25 87000 -0.73 50 1.84 4A ES

COMLAB <50 bld 50 0.03 49200 -0.04 500 -0.45 89400 0.01 <50 bld FUS ES

COMLAB 40 -0.49 50 0.03 49200 -0.04 550 0.56 88400 -0.30 40 1.18 4A ES

COMLAB 50 0.47 60 1.20 48600 -0.45 530 0.16 88400 -0.30 bld bld 4A ICP

COMLAB 50 0.47 50 0.03 48200 -0.72 510 -0.25 87700 -0.52 40 1.18 4A ES

COMLAB nr nr nr nr 49400 0.10 nr nr 89800 0.14 nr nr 4A ES

COMLAB 50 0.47 50 0.03 48000 -0.86 530 0.16 87600 -0.55 40 1.18 4A ES

COMLAB <100 bld <100 bld 49400 0.10 500 -0.45 92800 1.07 <100 bld AR ES

COMLAB 30 -1.45 40 -1.13 48000 -0.86 490 -0.65 88000 -0.42 20 -0.14 AR ES

COMLAB 40 -0.49 50 0.03 48500 -0.52 510 -0.25 87500 -0.58 30 0.52 AR ES

COMLAB 50 0.47 40 -1.13 49000 -0.17 520 -0.04 87300 -0.64 <10 bld 4A ES

COMLAB 60 1.44 60 1.20 50100 0.58 510 -0.25 87500 -0.58 10 -0.80 AR AAS

COMLAB 60 1.44 60 1.20 51300 1.41 510 -0.25 91600 0.69 40 1.18 4A AAS

COMLAB 50 0.47 50 0.03 48300 -0.65 540 0.36 89100 -0.08 50 1.84 4A ES

COMLAB 40 -0.49 30 -2.30 49100 -0.10 530 0.16 89400 0.01 20 -0.14 4A ES

COMLAB nr nr nr nr 48900 -0.24 500 -0.45 87400 -0.61 nr nr 4A AAS

COMLAB 36 -0.87 41 -1.02 54487 3.00 509 -0.27 85353 -1.24 49 1.77 5A ES

COMLAB <200 bld <200 bld 49900 0.44 600 1.57 90800 0.45 <200 bld 4A AAS

COMLAB <50 bld <50 bld 48500 -0.52 <50 -3.00 87300 -0.64 <50 bld 3A ES

COMLAB <100 bld <100 bld 48682 -0.39 432 -1.82 88379 -0.30 <100 bld AR AAS

COMLAB 39 -0.58 46 -0.43 49000 -0.17 530 0.16 86700 -0.83 12 -0.67 4A MS

COMLAB <100 bld <100 bld >40000 ald 590 1.37 >40000 ald <100 bld AR ES

COMLAB 50 0.47 50 0.03 48530 -0.50 510 -0.25 89230 -0.04 20 -0.14 4A AAS

COMLAB 45 -0.01 38 -1.37 49500 0.17 527 0.10 89600 0.07 15 -0.47 AR ICP

COMLAB 44 -0.10 44 -0.67 47800 -1.00 496 -0.53 89500 0.04 13 -0.61 4A ES

COMLAB 100 3.00 100 3.00 50400 0.79 700 3.00 89700 0.11 100 3.00 AR ES

COMLAB <63 bld <63 bld 49900 0.44 525 0.06 85800 -1.11 <63 bld 4A ICP

COMLAB 47 0.16 49 -0.08 76293 3.00 509 -0.26 72691 -3.00 7 -1.03 AR,MICR ES

COMLAB 78 3.00 76 3.00 39766 -3.00 513 -0.18 39929 -3.00 37 0.98 4A AAS

COMLAB 69 2.26 71 2.45 49972 0.49 511 -0.22 89058 -0.09 <20 bld 3A,MICR ES

COMLAB 41 -0.39 47 -0.32 48345 -0.62 528 0.12 88500 -0.27 8 -0.94 4A AAS,MS

COMLAB 156 3.00 210 3.00 49547 0.20 1557 3.00 54289 -3.00 14 -0.53 AR ES

COMLAB <50 bld <50 bld 48178 -0.74 536 0.28 87334 -0.63 <50 bld 4A ES

COMLAB 42 -0.30 46 -0.43 49100 -0.10 518 -0.08 89500 0.04 10 -0.80 MS

COMLAB 50 0.47 48 -0.20 47966 -0.88 522 0.00 88445 -0.28 36 0.91 4A ES

COMLAB 43 -0.20 48 -0.20 49200 -0.04 531 0.18 92700 1.04 24 0.12 4A ES

COMLAB 400 3.00 100 3.00 49200 -0.04 500 -0.45 87900 -0.45 100 3.00 4A AAS

COMLAB 41 -0.39 44 -0.67 51312 1.41 524 0.04 94859 1.71 46 1.58 4A ICP

COMLAB 36 -0.86 43 -0.82 48854 -0.27 505 -0.34 89803 0.14 5 -1.16 4A ES

COMLAB 28 -1.64 36 -1.60 50091 0.58 493 -0.59 91800 0.76 <10 bld 4A ES

COMLAB <20 bld <20 -3.00 52100 1.95 544 0.44 95018 1.76 <20 bld 3A ICP

COMLAB 51 0.57 59 1.09 50160 0.62 458 -1.29 93115 1.17 18 -0.28 4A ES

COMLAB 23 -2.12 20 -3.00 46650 -1.79 386 -2.76 82700 -2.07 30 0.51 AR ES

COMLAB 38 -0.68 49 -0.08 49200 -0.04 491 -0.63 93000 1.13 8 -0.94 4A ICP

COMLAB 35 -0.97 42 -0.90 47550 -1.17 538 0.32 88987 -0.12 <20 bld 4A ES

COMLAB <100 bld <100 bld 48297 -0.66 498 -0.49 89709 0.11 <100 bld FUS,4A ES

COMLAB 127 3.00 111 3.00 52604 2.30 675 3.00 102920 3.00 98 3.00 AR AAS

COMLAB 30 -1.45 40 -1.13 48300 -0.65 490 -0.65 89000 -0.11 <10 bld ES

COMLAB <100 bld <100 bld 49835 0.40 642 2.42 94264 1.52 <100 bld 4A AAS

COMLAB 36 -0.87 37 -1.49 54580 3.00 548 0.52 100390 3.00 19 -0.21 3A ICP

COMLAB 43 -0.20 57 0.85 46350 -1.99 609 1.75 86829 -0.79 <2 bld 4A ICP

COMLAB 45 0.04 49 -0.04 43672 -3.00 525 0.05 82769 -2.05 37 0.98 4A AAS

COMLAB <100 bld <100 bld 51100 1.27 600 1.57 92400 0.94 <100 bld 4A AAS

COMLAB <1000 bld <1000 bld 51286 1.40 <1000 bld 89657 0.09 <1000 bld 4A AAS

COMLAB 50 0.47 48 -0.20 47986 -0.87 486 -0.73 >50000 ald 10 -0.80 4A AAS

COMLAB 117 3.00 92 3.00 nr nr 562 0.80 90190 0.26 29 0.45 3A AAS

COMLAB 40 -0.49 45 -0.55 53800 3.00 595 1.47 105000 3.00 25 0.19 4A AAS

COMLAB 52 0.67 50 0.03 46300 -2.03 476 -0.93 82700 -2.07 4 -1.20 AR MS

COMLAB 72 2.63 51 0.19 46142 -2.13 483 -0.79 78446 -3.00 351 3.00 FUS ICP

COMLAB 65 1.92 65 1.79 49628 0.26 621 1.99 86778 -0.80 59 2.44 4A ES

COMLAB 84 3.00 105 3.00 50796 1.06 782 3.00 90130 0.24 35 0.87 4A ICP,AAS

COMLAB <100 bld <100 bld 50696 0.99 795 3.00 86584 -0.86 293 3.00 FUS ICP

COMLAB 45 -0.01 50 0.03 50154 0.62 552 0.60 89154 -0.06 18 -0.28 4A ES

COMLAB 50 0.47 41 -1.02 >10000 ald 595 1.47 >10000 ald 30 0.52 4A ES

COMLAB 46 0.09 46 -0.43 49655 0.28 525 0.06 89537 0.05 9 -0.87 4A ES

COMLAB 178 3.00 140 3.00 49024 -0.16 634 2.25 76528 -3.00 78 3.00 3A ICP

COMLAB nr nr nr nr 51083 1.26 552 0.60 93075 1.15 nr nr 4A AAS

MINELAB 27 -1.74 37 -1.50 51421 1.49 367 -3.00 99102 3.00 5 -1.12 AR AAS

MINELAB 31 -1.35 45 -0.55 48500 -0.52 484 -0.77 >50000 ald 11 -0.74 3A AAS

MINELAB 59 1.30 69 2.21 51946 1.85 640 2.38 95299 1.84 39 1.14 AR ES

MINELAB 87 3.00 168 3.00 52546 2.26 984 3.00 97526 2.53 bld bld FUS XRF

MINELAB 55 0.95 57 0.85 49906 0.45 521 -0.02 87019 -0.73 <50 bld 3A AAS

MINELAB 100 3.00 100 3.00 48300 -0.65 600 1.57 91300 0.60 100 3.00 4A AAS

MINELAB <500 bld <500 bld 51500 1.54 600 1.57 92500 0.97 <500 bld 3A AAS

MINELAB 47 0.19 59 1.09 47221 -1.39 1027 3.00 87863 -0.46 21 -0.08 3A ES

MINELAB 39 -0.55 43 -0.83 51171 1.32 465 -1.14 96524 2.22 11 -0.74 AR ES

MINELAB 400 3.00 <100 bld 48000 -0.86 1300 3.00 88900 -0.14 <100 bld FUS XRF

MINELAB 42 -0.34 43 -0.73 49540 0.20 410 -2.26 88666 -0.22 3 -1.25 AR ES

MINELAB 42 -0.26 48 -0.23 51876 1.80 482 -0.81 nr nr nr nr AR MS

MINELAB 34 -1.06 39 -1.28 50493 0.85 453 -1.39 92626 1.01 4 -1.21 AR ES

MINELAB 50 0.44 52 0.27 48555 -0.48 517 -0.11 88287 -0.33 18 -0.29 4A ES

MINELAB 41 -0.42 45 -0.55 33435 -3.00 460 -1.25 42266 -3.00 49 1.75 AR ES

MINELAB 64 1.82 54 0.50 >10000 ald 542 0.40 >10000 ald nr nr 3A ES

MINELAB 18 -2.60 61 1.32 >10000 ald 629 2.15 >10000 ald 18 -0.28 3A ES

MINELAB <10 -3.00 <10 -3.00 41276 -3.00 484 -0.77 78495 -3.00 <10 bld 3A,MICR ES

MINELAB 123 3.00 104 3.00 50417 0.80 1094 3.00 114517 3.00 1003 3.00 AR ICP

MINELAB <80 bld <80 bld 46130 -2.14 750 3.00 84060 -1.65 <80 bld FUS XRF

MINELAB bld bld bld bld 5107 -3.00 497 -0.51 9193 -3.00 bld bld AR AAS

MINELAB 61 1.48 57 0.83 46360 -1.98 502 -0.42 82979 -1.98 10 -0.78 3A AAS

MINELAB 37 -0.77 46 -0.41 50118 0.59 463 -1.20 89863 0.16 6 -1.08 3A AAS

MINELAB 53 0.76 57 0.85 50520 0.87 523 0.02 95195 1.81 28 0.39 AR ICP

MINELAB 55 0.95 45 -0.55 47656 -1.09 461 -1.23 87050 -0.72 6 -1.08 4A AAS

MINELAB <200 bld <200 bld 49263 0.01 558 0.72 87838 -0.47 <200 bld FUS ICPMINELAB 51 0.60 52 0.30 53879 3.00 453 -1.39 97000 2.37 7 -1.01 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Highlighted materials are low grade and do not contribute to the error charts.

Method Reading

Zarazma Minerals Studies Company Report Page 41

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Ore Grade Lead Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Lead Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

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-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

COMLAB

COMLAB

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Ore Grade Zinc Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (ppm) 113 131 190189 22458 180960 89

STDEV (ppm) 16 16 6720 782 6021 48

95% CI (ppm) 4 4 1446 159 1288 11

95% CI (%) 3.16% 2.70% 0.76% 0.71% 0.71% 12.20% Ore Grade Zinc Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 77 96 175500 20600 164000 25

MEDIAN (ppm) 110 130 190371 22447 181500 80

MAX (ppm) 154 176 209225 24680 195265 206

IQR (ppm) 20 20 7242 882 7819 47

COUNT 83 81 84 94 85 76

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 96 -1.01 120 -0.69 194620 0.66 21600 -1.10 171000 -1.65 101 0.25 AR ES

COMLAB 100 -0.76 200 3.00 190000 -0.03 22600 0.18 183000 0.34 <100 bld FUS ICP

COMLAB 100 -0.76 130 -0.07 200420 1.52 23060 0.77 189390 1.40 70 -0.40 4A ES

COMLAB 110 -0.15 140 0.55 191000 0.12 22500 0.05 184000 0.50 70 -0.40 4A ES

COMLAB 103 -0.58 128 -0.20 183919 -0.93 22292 -0.21 175829 -0.85 69 -0.42 FUS ES

COMLAB 128 0.94 173 2.58 183089 -1.06 23288 1.06 178272 -0.45 202 2.35 4A AAS

COMLAB 145 1.98 213 3.00 194080 0.58 22646 0.24 182618 0.28 141 1.08 4A ES

COMLAB 123 0.64 128 -0.20 198917 1.30 22475 0.02 186836 0.98 62 -0.56 3A ES

COMLAB 120 0.45 140 0.55 190500 0.05 22100 -0.46 182500 0.26 60 -0.61 4A ES

COMLAB 200 3.00 100 -1.93 187000 -0.47 22800 0.44 179000 -0.33 100 0.23 FUS XRF

COMLAB 100 -0.76 130 -0.07 190000 -0.03 21800 -0.84 183000 0.34 50 -0.81 4A ES

COMLAB 110 -0.15 190 3.00 189230 -0.14 20910 -1.98 180420 -0.09 120 0.64 4A ES

COMLAB 120 0.45 160 1.78 191000 0.12 22800 0.44 182500 0.26 <20 bld FUS ES

COMLAB 120 0.45 150 1.16 194000 0.57 22200 -0.33 181500 0.09 120 0.64 4A ES

COMLAB 80 -1.98 110 -1.31 186500 -0.55 21900 -0.71 173500 -1.24 50 -0.81 4A ICP

COMLAB 100 -0.76 120 -0.69 192000 0.27 22300 -0.20 183000 0.34 100 0.23 4A ES

COMLAB nr nr nr nr 192000 0.27 22500 0.05 183000 0.34 nr nr 4A ES

COMLAB 110 -0.15 140 0.55 192000 0.27 22600 0.18 180500 -0.08 130 0.85 4A ES

COMLAB <100 bld 100 -1.93 192700 0.37 22300 -0.20 185900 0.82 100 0.23 AR ES

COMLAB 50 -3.00 70 -3.00 180500 -1.44 21900 -0.71 173500 -1.24 <10 bld AR ES

COMLAB 110 -0.15 120 -0.69 190500 0.05 22000 -0.59 178000 -0.49 50 -0.81 AR ES

COMLAB 110 -0.15 120 -0.69 194000 0.57 22000 -0.59 180500 -0.08 <10 bld 4A ES

COMLAB nr nr nr nr 189500 -0.10 22300 -0.20 183500 0.42 nr nr 4A AAS

COMLAB 110 -0.15 130 -0.07 185500 -0.70 21700 -0.97 176000 -0.82 30 -1.23 AR AAS

COMLAB 120 0.45 140 0.55 186000 -0.62 21400 -1.35 175500 -0.91 120 0.64 4A AAS

COMLAB 130 1.06 190 3.00 192500 0.34 22500 0.05 181500 0.09 100 0.23 4A ES

COMLAB 80 -1.98 110 -1.31 193500 0.49 22300 -0.20 181000 0.01 80 -0.19 4A ES

COMLAB nr nr nr nr 186100 -0.61 21300 -1.48 185400 0.74 nr nr 4A AAS

COMLAB 138 1.55 145 0.85 215185 3.00 21874 -0.75 216222 3.00 188 2.06 5A ES

COMLAB 100 -0.76 100 -1.93 200500 1.53 23400 1.21 187400 1.07 100 0.23 4A AAS

COMLAB 84 -1.74 128 -0.20 190000 -0.03 22700 0.31 186000 0.84 103 0.29 3A ES

COMLAB 111 -0.09 132 0.05 >100000 ald 22672 0.27 >100000 ald <100 bld AR AAS

COMLAB <200 bld <200 bld 192000 0.27 23000 0.69 183000 0.34 <200 bld NAA

COMLAB 116 0.21 134 0.17 199000 1.31 22400 -0.07 189000 1.34 106 0.35 4A ES

COMLAB <100 bld 119 -0.75 >200000 ald 26809 3.00 >200000 3.00 <100 bld AR ES

COMLAB 110 -0.15 130 -0.07 185920 -0.64 21550 -1.16 177680 -0.54 90 0.02 4A AAS

COMLAB 122 0.58 111 -1.25 205000 2.20 23000 0.69 193000 2.00 100 0.23 AR ICP

COMLAB 114 0.09 133 0.11 186450 -0.56 21500 -1.23 176750 -0.70 55 -0.71 4A,TITR ES

COMLAB 100 -0.76 200 3.00 191500 0.20 22800 0.44 183500 0.42 100 0.23 AR ES

COMLAB 124 0.70 122 -0.57 202000 1.76 24000 1.97 181000 0.01 67 -0.46 4A ICP

COMLAB 99 -0.82 114 -1.05 219625 3.00 25446 3.00 206533 3.00 251 3.00 AR,MICR ES

COMLAB 115 0.15 132 0.05 196612 0.96 22531 0.09 187556 1.10 98 0.19 4A AAS

COMLAB 124 0.69 163 1.95 187614 -0.38 21918 -0.69 177704 -0.54 48 -0.86 3A,MICR ES

COMLAB 103 -0.58 126 -0.32 184758 -0.81 21988 -0.60 175855 -0.85 68 -0.44 4A,TITR AAS,MS

COMLAB <1 -3.00 <1 -3.00 151591 -3.00 23171 0.91 149766 -3.00 <1 bld AR ES

COMLAB 143 1.86 142 0.67 187029 -0.47 22521 0.08 183629 0.44 101 0.25 4A ES

COMLAB 100 -0.76 120 -0.69 176000 -2.11 20600 -2.38 164000 -2.82 70 -0.40 MS

COMLAB 148 2.16 153 1.35 181841 -1.24 22468 0.01 177120 -0.64 101 0.25 4A ES

COMLAB 112 -0.03 133 0.11 190700 0.08 22800 0.44 182400 0.24 91 0.04 4A ES

COMLAB 200 3.00 200 3.00 185000 -0.77 21700 -0.97 178000 -0.49 200 2.31 4A AAS

COMLAB 105 -0.46 126 -0.32 184367 -0.87 22571 0.14 188855 1.31 143 1.12 4A ICP

COMLAB 105 -0.44 123 -0.49 186690 -0.52 22661 0.26 177390 -0.59 65 -0.49 4A ES

COMLAB 108 -0.28 130 -0.07 191500 0.20 22900 0.57 182470 0.25 66 -0.48 4A ES

COMLAB <100 bld <100 bld 185301 -0.73 22103 -0.45 176384 -0.76 <100 bld 3A ICP

COMLAB 151 2.34 203 3.00 176254 -2.07 21396 -1.36 176530 -0.74 102 0.27 4A ES

COMLAB 95 -1.10 120 -0.72 193500 0.49 21200 -1.61 184500 0.59 48 -0.85 AR ES

COMLAB 112 -0.03 135 0.24 187000 -0.47 22200 -0.33 171000 -1.65 89 0.00 4A ICP

COMLAB 105 -0.46 123 -0.50 169000 -3.00 22300 -0.20 157000 -3.00 110 0.44 4A AAS

COMLAB 90 -1.37 113 -1.12 192674 0.37 22683 0.29 187673 1.11 72 -0.36 4A ES

COMLAB 109 -0.22 136 0.30 187110 -0.46 22942 0.62 180532 -0.07 72 -0.36 FUS,4A ES

COMLAB 121 0.52 130 -0.07 168920 -3.00 23404 1.21 161400 -3.00 43 -0.95 AR AAS

COMLAB 110 -0.15 120 -0.69 187000 -0.47 22200 -0.33 178000 -0.49 26 -1.31 ES

COMLAB 146 2.04 168 2.28 207200 2.53 23476 1.30 201667 3.00 237 3.00 4A AAS

COMLAB 114 0.09 145 0.85 216786 3.00 24305 2.36 205187 3.00 73 -0.33 3A ICP

COMLAB 117 0.27 130 -0.07 193433 0.48 22637 0.23 185744 0.79 83 -0.13 4A ICP

COMLAB 126 0.84 129 -0.13 179980 -1.52 21881 -0.74 176566 -0.73 115 0.54 4A AAS

COMLAB 120 0.45 130 -0.07 184800 -0.80 22000 -0.59 175200 -0.96 80 -0.19 4A,TITR AAS

COMLAB <100 bld <100 bld 191182 0.15 21442 -1.30 184909 0.66 <100 bld 4A AAS

COMLAB 112 -0.03 143 0.73 183359 -1.02 22385 -0.09 170205 -1.79 32 -1.19 4A AAS

COMLAB 133 1.25 132 0.05 181500 -1.29 23233 0.99 180479 -0.08 57 -0.67 3A AAS

COMLAB 125 0.76 135 0.24 nr nr 25000 3.00 nr nr 80 -0.19 4A AAS

COMLAB 135 1.37 147 0.98 187000 -0.47 22200 -0.33 179000 -0.33 29 -1.25 AR MS

COMLAB 171 3.00 158 1.67 165614 -3.00 18493 -3.00 154288 -3.00 198 2.28 FUS ICP

COMLAB 77 -2.17 104 -1.68 >100000 ald 22483 0.03 >100000 ald 197 2.25 4A ES

COMLAB 119 0.38 152 1.28 189081 -0.16 22898 0.56 190739 1.62 202 2.36 4A ICP,AAS

COMLAB 107 -0.34 133 0.11 193916 0.55 22132 -0.42 184701 0.62 <100 bld FUS ICP

COMLAB 100 -0.76 131 -0.01 190241 0.01 23348 1.14 174234 -1.12 61 -0.58 4A ES

COMLAB 236 3.00 376 3.00 >10000 ald >10000 ald >10000 ald 92 0.06 4A ES

COMLAB 111 -0.09 124 -0.44 192107 0.29 23068 0.78 187127 1.02 85 -0.08 4A ES

COMLAB 249 3.00 315 3.00 194810 0.69 22426 -0.04 188927 1.32 206 2.44 3A ICP

COMLAB nr nr nr nr 176059 -2.10 22261 -0.25 168654 -2.04 nr nr 4A AAS

MINELAB 113 0.05 131 -0.03 191520 0.20 21744 -0.91 184063 0.52 31 -1.20 AR AAS

MINELAB 127 0.86 153 1.37 197397 1.07 24179 2.20 184513 0.59 371 3.00 AR ES

MINELAB bld bld bld bld 191011 0.12 23946 1.90 184445 0.58 bld bld FUS XRF

MINELAB 107 -0.34 131 -0.01 181649 -1.27 22233 -0.29 177090 -0.64 58 -0.65 3A AAS

MINELAB 200 3.00 200 3.00 197100 1.03 22100 -0.46 186200 0.87 100 0.23 4A AAS

MINELAB <500 bld <500 bld 18400 -3.00 25800 3.00 175000 -0.99 <500 bld 3A AAS

MINELAB 113 0.03 128 -0.20 150710 -3.00 21177 -1.64 149088 -3.00 333 3.00 3A ES

MINELAB 95 -1.05 119 -0.75 204403 2.12 23510 1.35 199477 3.00 39 -1.04 AR ES

MINELAB 200 3.00 <100 bld 188000 -0.33 23200 0.95 177500 -0.57 <100 bld FUS XRF

MINELAB 118 0.35 140 0.56 195868 0.84 22470 0.02 185089 0.69 32 -1.20 AR ES

MINELAB 108 -0.27 nr nr 186883 -0.49 23376 1.17 179159 -0.30 nr nr AR MS

MINELAB 92 -1.23 119 -0.76 200893 1.59 22058 -0.51 192583 1.93 28 -1.27 AR ES

MINELAB 163 3.00 176 2.76 209225 2.83 23977 1.94 195265 2.38 106 0.36 4A ES

MINELAB 96 -1.02 117 -0.86 168315 -3.00 24680 2.84 184232 0.54 60 -0.60 AR ES

MINELAB 154 2.53 156 1.55 >10000 ald >10000 ald >10000 ald nr nr 3A ES

MINELAB 96 -1.01 139 0.48 >10000 ald >10000 ald >10000 ald 137 1.00 3A ES

MINELAB 154 2.51 151 1.24 164593 -3.00 18639 -3.00 158594 -3.00 279 3.00 3A,MICR ES

MINELAB 107 -0.34 96 -2.17 156345 -3.00 28882 3.00 186744 0.96 321 3.00 AR ICP

MINELAB 107 -0.34 126 -0.32 158614 -3.00 19940 -3.00 149962 -3.00 62 -0.56 FUS XRF

MINELAB 101 -0.70 125 -0.38 192561 0.35 22211 -0.32 186269 0.88 bld bld AR AAS

MINELAB 109 -0.22 123 -0.50 191200 0.15 22800 0.44 181000 0.01 25 -1.33 AR AAS

MINELAB 99 -0.81 118 -0.84 167250 -3.00 21105 -1.73 160095 -3.00 31 -1.22 3A AAS

MINELAB 96 -0.99 127 -0.26 198250 1.20 23293 1.07 182917 0.32 41 -1.00 3A AAS

MINELAB 100 -0.76 120 -0.69 187500 -0.40 21500 -1.23 167500 -2.24 35 -1.13 AR ICP

MINELAB 97 -0.93 128 -0.18 175500 -2.19 21500 -1.23 170012 -1.82 78 -0.23 4A AAS

MINELAB <200 bld <200 bld 186898 -0.49 23066 0.78 173005 -1.32 <200 bld FUS ICP

MINELAB 117 0.29 138 0.45 194889 0.70 23785 1.70 189783 1.47 195 2.20 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Highlighted materials are low grade and do not contribute to the error charts.

Method Reading

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Ore Grade Zinc Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Zinc Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

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Ore Grade Nickel Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (ppm) 253 137 71 486 36 38993

STDEV (ppm) 21 11 7 31 8 1029

95% CI (ppm) 5 2 2 7 2 236

95% CI (%) 1.79% 1.73% 2.37% 1.42% 5.38% 0.61% Ore Grade Nickel Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 200 112 57 416 19 36850

MEDIAN (ppm) 250 138 70 487 36 38877

MAX (ppm) 301 166 90 561 57 41176

IQR (ppm) 20 12 9 41 9 1375

COUNT 82 79 75 81 72 74

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 242 -0.52 135 -0.21 66 -0.66 459 -0.85 34 -0.21 37127 -1.81 AR ES

COMLAB 270 0.83 150 1.19 80 1.23 520 1.09 <50 bld 40200 1.17 FUS ICP

COMLAB 260 0.35 150 1.19 70 -0.12 490 0.13 40 0.51 40350 1.32 4A ES

COMLAB 290 1.79 160 2.13 90 2.59 520 1.09 40 0.51 40800 1.76 4A ES

COMLAB 240 -0.62 132 -0.49 74 0.42 481 -0.15 43 0.87 35770 -3.00 FUS ES

COMLAB 291 1.84 158 1.94 90 2.59 515 0.93 57 2.57 39389 0.38 4A AAS

COMLAB 230 -1.10 127 -0.96 69 -0.26 436 -1.58 31 -0.58 37398 -1.55 4A ES

COMLAB 244 -0.42 130 -0.68 61 -1.34 497 0.36 28 -0.94 40646 1.61 3A ES

COMLAB 250 -0.14 140 0.26 70 -0.12 490 0.13 40 0.51 38600 -0.38 4A ES

COMLAB <500 bld <500 bld <500 bld <500 bld <500 bld 39000 0.01 FUS XRF

COMLAB 260 0.35 140 0.26 70 -0.12 480 -0.18 40 0.51 38500 -0.48 4A ES

COMLAB 250 -0.14 140 0.26 80 1.23 460 -0.82 40 0.51 38150 -0.82 4A ES

COMLAB 250 -0.14 130 -0.68 60 -1.48 480 -0.18 20 -1.90 38900 -0.09 FUS ES

COMLAB 260 0.35 140 0.26 70 -0.12 490 0.13 40 0.51 38600 -0.38 4A ES

COMLAB 260 0.35 140 0.26 80 1.23 480 -0.18 40 0.51 37600 -1.35 4A ICP

COMLAB 240 -0.62 130 -0.68 70 -0.12 480 -0.18 40 0.51 38800 -0.19 4A ES

COMLAB nr nr nr nr nr nr nr nr nr nr 39700 0.69 4A ES

COMLAB 250 -0.14 140 0.26 70 -0.12 490 0.13 40 0.51 38200 -0.77 4A ES

COMLAB 220 -1.58 120 -1.62 60 -1.48 450 -1.14 20 -1.90 38240 -0.73 AR ES

COMLAB 250 -0.14 130 -0.68 60 -1.48 480 -0.18 30 -0.70 38100 -0.87 AR ES

COMLAB 250 -0.14 130 -0.68 70 -0.12 480 -0.18 30 -0.70 38600 -0.38 AR ES

COMLAB 240 -0.62 130 -0.68 80 1.23 480 -0.18 40 0.51 38100 -0.87 4A ES

COMLAB 260 0.35 140 0.26 80 1.23 510 0.77 30 -0.70 38900 -0.09 AR AAS

COMLAB 250 -0.14 140 0.26 70 -0.12 500 0.45 40 0.51 39100 0.10 4A ES

COMLAB nr nr nr nr nr nr nr nr nr nr 38900 -0.09 4A AAS

COMLAB 241 -0.57 138 0.07 70 -0.12 434 -1.65 34 -0.21 32601 -3.00 5A ES

COMLAB 280 1.31 150 1.19 80 1.23 540 1.72 40 0.51 38860 -0.13 4A AAS

COMLAB 274 1.02 118 -1.80 75 0.56 486 0.01 62 3.00 38500 -0.48 3A ES

COMLAB 247 -0.28 143 0.54 64 -0.93 505 0.61 44 1.00 40000 0.98 NAA

COMLAB 268 0.73 144 0.63 72 0.15 480 -0.18 38 0.27 39600 0.59 4A ES

COMLAB 282 1.40 146 0.82 76 0.69 556 2.23 31 -0.58 37560 -1.39 AR ES

COMLAB 200 -2.54 100 -3.00 <100 bld 500 0.45 <100 bld 39400 0.40 4A AAS

COMLAB 270 0.83 140 0.26 70 -0.12 490 0.13 40 0.51 39500 0.49 AR ICP

COMLAB 248 -0.23 143 0.54 74 0.42 527 1.31 38 0.27 37400 -1.55 4A ES

COMLAB 246 -0.33 138 0.07 69 -0.26 506 0.64 36 0.03 38000 -0.96 4A ICP

COMLAB 301 2.31 125 -1.14 88 2.35 454 -1.02 29 -0.81 41176 2.12 AR,MICR ES

COMLAB 241 -0.57 133 -0.42 68 -0.34 476 -0.31 37 0.13 39142 0.14 3A,MICR ES

COMLAB 244 -0.42 136 -0.12 67 -0.53 471 -0.47 37 0.15 38206 -0.76 4A AAS,MS

COMLAB 259 0.29 135 -0.21 67 -0.49 495 0.28 31 -0.59 37269 -1.67 AR ES

COMLAB 256 0.15 141 0.35 77 0.83 519 1.06 36 0.03 38664 -0.32 4A ES

COMLAB 245 -0.38 130 -0.68 65 -0.80 470 -0.50 35 -0.09 38400 -0.58 MS

COMLAB 274 1.02 146 0.82 75 0.56 523 1.18 37 0.15 39321 0.32 4A ES

COMLAB 270 0.82 146 0.85 75 0.58 528 1.35 39 0.42 39700 0.69 4A ES

COMLAB 300 2.27 100 -3.00 100 3.00 500 0.45 100 3.00 38900 -0.09 4A AAS

COMLAB 261 0.39 144 0.63 70 -0.12 505 0.61 52 1.96 40037 1.01 4A ICP

COMLAB 247 -0.27 133 -0.45 73 0.24 468 -0.58 34 -0.25 40721 1.68 4A ES

COMLAB 256 0.15 144 0.63 77 0.83 497 0.36 44 1.00 38311 -0.66 4A ES

COMLAB 293 1.93 175 3.00 <100 bld 512 0.83 <100 bld 35541 -3.00 3A ICP

COMLAB 228 -1.19 126 -1.05 69 -0.26 454 -1.01 63 3.00 40863 1.82 4A ES

COMLAB 244 -0.42 134 -0.31 66 -0.66 475 -0.36 23 -1.60 38350 -0.62 AR ES

COMLAB 254 0.06 138 0.07 67 -0.53 447 -1.23 35 -0.09 38300 -0.67 4A ICP

COMLAB 254 0.06 144 0.63 70 -0.12 507 0.67 54 2.20 38821 -0.17 4A ES

COMLAB 262 0.44 139 0.16 71 0.01 501 0.48 38 0.27 39430 0.42 FUS,4A ES

COMLAB 155 -3.00 118 -1.80 62 -1.18 192 -3.00 28 -0.96 42420 3.00 AR AAS

COMLAB 250 -0.14 140 0.26 70 -0.12 500 0.45 20 -1.90 37800 -1.16 ES

COMLAB 210 -2.06 142 0.44 <100 bld 340 -3.00 <100 bld 42600 3.00 4A AAS

COMLAB 258 0.25 143 0.54 73 0.28 478 -0.25 41 0.63 43643 3.00 3A ICP

COMLAB 226 -1.29 129 -0.77 66 -0.66 433 -1.68 35 -0.09 37844 -1.12 4A ICP

COMLAB 245 -0.38 148 1.02 85 1.88 468 -0.57 46 1.23 36850 -2.08 4A AAS

COMLAB 260 0.35 160 2.13 80 1.23 500 0.45 <50 bld 38300 -0.67 4A AAS

COMLAB <500 bld <500 bld <500 bld <500 bld <500 bld 39253 0.25 4A AAS

COMLAB 232 -1.00 126 -1.05 69 -0.26 449 -1.17 35 -0.09 38351 -0.62 4A AAS

COMLAB 270 0.83 165 2.60 85 1.91 510 0.77 55 2.32 40500 1.46 4A AAS

COMLAB 241 -0.57 127 -0.96 63 -1.07 452 -1.07 23 -1.54 >1000 ald AR MS

COMLAB 280 1.31 160 2.13 60 -1.48 530 1.40 70 3.00 40460 1.43 FUS XRF

COMLAB 258 0.25 132 -0.49 81 1.37 437 -1.55 40 0.51 32269 -3.00 4A ES

COMLAB 253 -0.01 139 0.14 71 0.07 499 0.40 42 0.77 38283 -0.69 4A ICP

COMLAB 259 0.30 142 0.44 <100 bld 501 0.48 <100 bld 38459 -0.52 FUS ICP

COMLAB 237 -0.76 134 -0.31 74 0.42 507 0.67 41 0.63 38667 -0.32 4A ES

COMLAB 291 1.84 161 2.23 85 1.91 552 2.10 38 0.27 >10000 ald 4A ES

COMLAB 250 -0.14 135 -0.21 66 -0.66 466 -0.63 36 0.03 38565 -0.42 4A ES

COMLAB 245 -0.38 131 -0.59 59 -1.61 476 -0.31 32 -0.45 40801 1.76 3A ICP

COMLAB 297 2.13 141 0.35 nr nr 526 1.28 nr nr 40649 1.61 4A AAS

MINELAB 269 0.80 209 3.00 73 0.27 487 0.04 23 -1.53 39918 0.90 AR AAS

MINELAB 277 1.17 154 1.55 78 0.91 550 2.03 28 -0.89 44736 3.00 AR ES

MINELAB <100 -3.00 <100 -3.00 <100 bld <100 -3.00 <100 bld 38583 -0.40 FUS ES

MINELAB 261 0.39 141 0.35 67 -0.53 478 -0.25 41 0.63 38894 -0.10 3A ES

MINELAB 230 -1.10 125 -1.15 64 -0.93 455 -0.98 29 -0.82 39307 0.31 AR ES

MINELAB 223 -1.44 126 -1.02 63 -1.02 429 -1.80 25 -1.25 40842 1.80 AR ES

MINELAB 253 0.00 141 0.39 73 0.34 505 0.61 33 -0.35 39274 0.27 AR MS

MINELAB 237 -0.78 130 -0.68 65 -0.86 453 -1.04 31 -0.57 43794 3.00 AR ES

MINELAB 300 2.27 166 2.67 97 3.00 532 1.47 57 2.59 39925 0.90 4A ES

MINELAB 220 -1.58 130 -0.65 64 -0.99 425 -1.92 34 -0.21 40881 1.83 AR ES

MINELAB 257 0.20 137 -0.02 71 0.01 510 0.77 35 -0.09 nr nr 3A ES

MINELAB 225 -1.34 120 -1.62 72 0.15 436 -1.58 42 0.75 >10000 ald 3A ES

MINELAB 246 -0.33 138 0.10 75 0.56 464 -0.69 39 0.35 33464 -3.00 3A,MICR ES

MINELAB 243 -0.47 112 -2.37 62 -1.21 606 3.00 32 -0.45 46761 3.00 AR ICP

MINELAB 455 3.00 445 3.00 390 3.00 561 2.39 76 3.00 35332 -3.00 FUS XRF

MINELAB 226 -1.29 127 -0.96 61 -1.41 447 -1.23 22 -1.67 38440 -0.54 AAS

MINELAB 230 -1.10 130 -0.68 70 -0.12 465 -0.66 40 0.51 39200 0.20 AR ICP

MINELAB 253 0.03 137 -0.03 57 -1.91 490 0.13 35 -0.06 38500 -0.48 4A MS

MINELAB 243 -0.46 134 -0.35 71 -0.05 490 0.14 35 -0.14 38087 -0.88 AR ICP

MINELAB 222 -1.48 121 -1.50 48 -3.00 416 -2.23 19 -1.98 39980 0.96 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values. Highlighted materials are low grade and do not contribute to the error charts.

Method Reading

Zarazma Minerals Studies Company Report Page 45

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Ore Grade Nickel Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Nickel Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

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Zarazma Minerals Studies Company ReportPage 46

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Ore Grade Silver Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (ppm) 5.9 8.3 47.7 10.4 59.6 4.6

STDEV (ppm) 0.5 0.9 1.7 1.1 2.0 0.4

95% CI (ppm) 0.1 0.2 0.3 0.2 0.4 0.1

95% CI (%) 1.69% 2.05% 0.67% 2.16% 0.66% 1.97% Ore Grade Silver Assay - Mean of Absolute Standardized Values - April 2020MIN (ppm) 4.7 5.9 43.5 7.8 54.3 3.4

MEDIAN (ppm) 6.0 8.2 47.8 10.3 60.0 4.6

MAX (ppm) 7.0 10.2 52.0 13.0 64.2 5.2

IQR (ppm) 0.2 1.0 1.8 1.0 2.6 0.8

COUNT 88 99 103 95 100 85

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 6.4 1.08 8.5 0.25 45.8 -1.12 10.6 0.15 57.5 -1.07 4.3 -0.65 AR ES

COMLAB 6.0 0.23 8.0 -0.34 46.0 -1.00 10.0 -0.39 58.0 -0.82 4.0 -1.36 4A ES

COMLAB 6.3 0.89 8.8 0.63 45.0 -1.61 10.5 0.06 59.8 0.08 4.2 -0.87 4A ES

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 10.0 -0.39 61.0 0.68 4.0 -1.36 4A ES

COMLAB 7.4 3.00 nr nr 48.2 0.33 nr nr 59.8 0.08 5.1 1.25 4A ES

COMLAB 8.0 3.00 10.0 1.99 49.0 0.81 12.0 1.40 62.0 1.18 6.0 3.00 4A AAS

COMLAB 6.4 1.08 9.5 1.41 48.1 0.27 10.2 -0.21 66.0 3.00 5.2 1.48 4A ES

COMLAB 5.8 -0.19 8.2 -0.10 46.9 -0.46 10.8 0.32 58.5 -0.57 4.2 -0.89 3A ES

COMLAB 5.0 -1.88 8.0 -0.34 48.0 0.21 9.0 -1.29 61.0 0.68 4.0 -1.36 4A ES

COMLAB 8.0 3.00 9.0 0.83 47.0 -0.40 14.0 3.00 60.0 0.18 5.0 1.01 3A AAS

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 10.0 -0.39 60.0 0.18 4.0 -1.36 4A ES

COMLAB 6.0 0.23 8.0 -0.34 47.0 -0.40 10.0 -0.39 59.0 -0.32 5.0 1.01 4A ES

COMLAB 6.0 0.23 9.0 0.83 49.0 0.81 10.0 -0.39 62.0 1.18 6.0 3.00 FUS ES

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 11.0 0.50 59.0 -0.32 5.0 1.01 4A ES

COMLAB 6.0 0.23 9.0 0.83 48.0 0.21 10.0 -0.39 60.0 0.18 4.0 -1.36 4A ICP

COMLAB 6.0 0.23 9.0 0.83 47.0 -0.40 10.0 -0.39 60.0 0.18 5.0 1.01 4A ES

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 10.0 -0.39 59.0 -0.32 4.0 -1.36 4A ES

COMLAB 6.0 0.23 8.0 -0.34 50.0 1.42 11.0 0.50 63.0 1.68 5.0 1.01 AR ES

COMLAB 5.0 -1.88 7.0 -1.50 47.0 -0.40 9.0 -1.29 60.0 0.18 5.0 1.01 AR ES

COMLAB 6.0 0.23 9.0 0.83 48.0 0.21 10.0 -0.39 58.0 -0.82 5.0 1.01 AR ES

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 10.0 -0.39 60.0 0.18 4.0 -1.36 4A ES

COMLAB nr nr 10.0 1.99 51.0 2.02 8.0 -2.18 62.0 1.18 nr nr 4A AAS

COMLAB 6.0 0.23 8.0 -0.34 47.0 -0.40 10.0 -0.39 60.0 0.18 4.0 -1.36 AR AAS

COMLAB 6.0 0.23 10.0 1.99 47.0 -0.40 11.0 0.50 61.0 0.68 6.0 3.00 4A AAS

COMLAB 6.0 0.23 9.0 0.83 47.0 -0.40 11.0 0.50 60.0 0.18 4.0 -1.36 4A ES

COMLAB 5.0 -1.88 8.0 -0.34 49.0 0.81 9.0 -1.29 62.0 1.18 4.0 -1.36 4A ES

COMLAB nr nr nr nr 49.0 0.81 10.0 -0.39 61.0 0.68 nr nr 4A ES

COMLAB 6.4 1.08 8.6 0.36 47.1 -0.34 10.3 -0.12 60.0 0.18 4.6 0.06 5A ES

COMLAB 6.0 0.23 9.0 0.83 49.0 0.81 11.0 0.50 60.0 0.18 5.0 1.01 4A AAS

COMLAB 5.8 -0.19 8.2 -0.10 49.8 1.30 11.2 0.68 61.2 0.78 4.6 0.06 3A MS

COMLAB 6.0 0.23 9.0 0.83 48.0 0.21 11.0 0.50 64.0 2.18 5.0 1.01 AR AAS

COMLAB 6.0 0.23 8.6 0.36 48.0 0.21 11.0 0.50 62.0 1.18 5.0 1.01 NAA

COMLAB 6.0 0.13 8.5 0.25 49.7 1.24 11.2 0.68 60.2 0.28 4.8 0.53 4A MS

COMLAB 7.0 2.34 9.0 0.83 49.0 0.81 11.0 0.50 62.0 1.18 5.0 1.01 AR ES

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 11.0 0.50 61.0 0.68 4.0 -1.36 4A AAS

COMLAB 6.0 0.23 8.5 0.25 50.0 1.42 11.0 0.50 62.0 1.18 5.0 1.01 AR ICP

COMLAB 6.2 0.65 8.8 0.60 47.8 0.09 10.6 0.15 59.3 -0.17 4.4 -0.42 4A ES

COMLAB 6.0 0.23 8.0 -0.34 49.0 0.81 11.0 0.50 60.0 0.18 2.0 -3.00 AR ES

COMLAB 6.0 0.23 8.0 -0.34 47.0 -0.40 10.0 -0.39 59.0 -0.32 4.0 -1.36 4A ICP

COMLAB 4.7 -2.47 5.7 -3.00 46.7 -0.59 7.8 -2.32 60.0 0.18 3.4 -2.69 AR,MICR ES

COMLAB 6.0 0.23 8.2 -0.10 47.7 0.03 10.2 -0.21 58.2 -0.72 4.8 0.53 4A AAS

COMLAB 6.7 1.71 9.7 1.64 45.1 -1.55 17.1 3.00 57.1 -1.27 4.1 -1.13 3A,MICR ES

COMLAB 5.0 -1.88 7.0 -1.50 44.0 -2.21 9.0 -1.29 55.0 -2.32 4.0 -1.36 4A AAS

COMLAB <1.0 -3.00 6.4 -2.23 44.8 -1.76 19.7 3.00 57.6 -1.00 <1.0 -3.00 AR AAS

COMLAB 5.0 -1.88 7.0 -1.50 47.0 -0.40 11.0 0.50 60.0 0.18 <5.0 bld 4A ES

COMLAB 6.0 0.23 8.0 -0.34 46.0 -1.00 10.0 -0.39 56.0 -1.82 4.0 -1.36 MS

COMLAB 8.0 3.00 9.0 0.83 47.0 -0.40 13.0 2.29 58.0 -0.82 5.0 1.01 4A ES

COMLAB 6.1 0.44 8.6 0.36 48.2 0.33 10.7 0.23 59.8 0.08 4.6 0.06 4A ES

COMLAB 6.0 0.23 8.0 -0.34 50.0 1.42 10.0 -0.39 62.0 1.18 <5.0 bld 4A AAS

COMLAB 8.0 3.00 13.0 3.00 53.0 3.00 14.0 3.00 66.0 3.00 7.0 3.00 3A AAS

COMLAB 6.2 0.65 9.4 1.29 48.7 0.63 11.2 0.68 59.3 -0.17 4.6 0.06 4A ICP

COMLAB 6.0 0.17 9.4 1.26 49.0 0.81 9.9 -0.45 61.9 1.13 4.5 -0.13 4A AAS

COMLAB 5.0 -1.88 8.0 -0.34 47.0 -0.40 10.0 -0.39 58.0 -0.82 5.0 1.01 4A ES

COMLAB 6.4 1.12 9.0 0.82 48.0 0.20 10.6 0.17 59.6 -0.03 4.9 0.82 4A ICP

COMLAB 6.0 0.23 9.0 0.83 42.0 -3.00 10.0 -0.39 53.0 -3.00 4.0 -1.36 4A ES

COMLAB 6.7 1.71 10.2 2.23 47.0 -0.40 14.0 3.00 57.0 -1.32 4.3 -0.65 AR ES

COMLAB 6.4 1.08 8.0 -0.34 47.7 0.03 10.4 -0.03 59.1 -0.27 4.6 0.06 4A ICP

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 11.0 0.50 57.0 -1.32 5.0 1.01 4A AAS

COMLAB <5.0 bld 10.0 1.99 46.0 -1.00 20.0 3.00 59.0 -0.32 6.0 3.00 4A ES

COMLAB 6.0 0.23 9.0 0.83 49.0 0.81 10.0 -0.39 59.0 -0.32 5.0 1.01 AR ES

COMLAB 5.9 0.02 8.3 0.01 49.6 1.18 10.1 -0.30 60.0 0.18 4.5 -0.08 AAS

COMLAB 5.1 -1.67 7.7 -0.69 42.1 -3.00 6.9 -3.00 56.9 -1.37 <5.0 bld 4A AAS

COMLAB 5.3 -1.25 8.4 0.13 49.4 1.05 9.1 -1.20 63.9 2.13 4.7 0.30 1A ICP

COMLAB 5.6 -0.61 8.2 -0.10 48.0 0.21 10.2 -0.21 61.0 0.68 4.5 -0.18 AR AAS

COMLAB 6.0 0.21 8.9 0.76 48.8 0.69 12.4 1.74 60.6 0.48 5.0 1.08 4A AAS

COMLAB 5.3 -1.25 7.6 -0.80 48.2 0.33 9.4 -0.93 62.0 1.18 4.3 -0.65 4A AAS

COMLAB 6.0 0.23 8.0 -0.34 48.0 0.21 11.0 0.50 51.0 -3.00 5.0 1.01 4A AAS

COMLAB 5.7 -0.40 7.3 -1.15 47.2 -0.28 10.2 -0.21 59.8 0.08 4.6 0.06 4A AAS

COMLAB 6.0 0.23 10.0 1.99 50.0 1.42 12.0 1.40 60.0 0.18 5.0 1.01 4A AAS

COMLAB 6.2 0.65 7.5 -0.92 46.7 -0.58 9.5 -0.84 55.7 -1.97 4.0 -1.36 AR MS

COMLAB 4.3 -3.00 7.1 -1.36 39.3 -3.00 8.8 -1.47 61.5 0.92 2.4 -3.00 4A ICP

COMLAB 9.0 3.00 12.0 3.00 55.0 3.00 20.0 3.00 68.0 3.00 7.0 3.00 4A ES

COMLAB 5.1 -1.61 7.9 -0.48 43.9 -2.26 12.1 1.45 54.3 -2.67 4.4 -0.32 4A ICP,AAS

COMLAB 6.0 0.23 9.0 0.83 47.0 -0.40 16.0 3.00 59.0 -0.32 6.0 3.00 3A AAS

COMLAB 4.8 -2.30 6.7 -1.85 46.5 -0.70 8.9 -1.38 56.8 -1.42 3.6 -2.31 4A ES

COMLAB 5.9 0.02 8.3 0.01 48.6 0.57 1.6 -3.00 2.8 -3.00 4.8 0.53 AR AAS

COMLAB 6.1 0.44 8.5 0.25 47.1 -0.34 10.3 -0.12 59.7 0.03 4.7 0.18 4A ES

COMLAB 6.0 0.23 6.0 -2.66 45.0 -1.61 11.0 0.50 53.0 -3.00 5.0 1.01 3A ICP

COMLAB 6.4 1.08 8.6 0.36 47.1 -0.34 10.7 0.23 58.7 -0.47 5.1 1.25 4A AAS

MINELAB 5.7 -0.49 8.0 -0.30 48.2 0.31 8.8 -1.45 62.5 1.41 4.8 0.44 AR AAS

MINELAB 6.0 0.23 8.0 -0.34 48.0 0.21 11.0 0.50 60.0 0.18 4.0 -1.36 3A AAS

MINELAB 6.0 0.23 8.0 -0.34 46.0 -1.00 10.0 -0.39 58.0 -0.82 5.0 1.01 3A AAS

MINELAB 3.3 -3.00 5.9 -2.76 45.6 -1.28 12.3 1.65 58.6 -0.53 1.1 -3.00 AR ES

MINELAB 5.7 -0.40 7.7 -0.69 45.6 -1.24 10.0 -0.39 60.2 0.28 4.5 -0.18 AR AAS

MINELAB 7.8 3.00 8.0 -0.34 47.3 -0.22 12.5 1.85 60.2 0.28 4.9 0.77 AD AAS

MINELAB 6.3 0.86 8.2 -0.10 47.7 0.03 10.2 -0.21 60.3 0.33 4.8 0.53 3A AAS

MINELAB 10.0 3.00 12.0 3.00 52.0 2.63 15.0 3.00 59.0 -0.32 9.0 3.00 4A AAS

MINELAB <10.0 bld <10.0 bld 48.0 0.21 13.0 2.29 60.0 0.18 <10.0 bld 3A AAS

MINELAB 4.0 -3.00 4.0 -3.00 42.0 -3.00 6.0 -3.00 47.0 -3.00 3.0 -3.00 3A ES

MINELAB 10.8 3.00 13.6 3.00 46.8 -0.52 14.4 3.00 57.7 -0.98 7.7 3.00 AR ES

MINELAB 9.0 3.00 11.0 3.00 51.0 2.02 13.0 2.29 62.0 1.18 6.0 3.00 AR AAS

MINELAB 5.0 -1.88 8.0 -0.34 45.0 -1.61 8.0 -2.18 45.0 -3.00 3.0 -3.00 3A AAS

MINELAB 6.0 0.23 8.0 -0.34 51.0 2.02 11.0 0.50 64.0 2.18 5.0 1.01 AR AAS

MINELAB 6.1 0.36 8.6 0.34 49.2 0.92 11.3 0.75 61.6 0.98 4.6 -0.04 AR ES

MINELAB 6.3 0.78 8.6 0.30 48.5 0.52 11.0 0.47 60.6 0.48 4.5 -0.18 AR MS

MINELAB 6.4 1.14 7.7 -0.73 46.8 -0.53 9.2 -1.07 58.3 -0.68 4.5 -0.20 AR ES

MINELAB 12.0 3.00 17.0 3.00 92.7 3.00 20.0 3.00 115.6 3.00 9.6 3.00 4A ES

MINELAB 6.3 0.82 8.5 0.20 46.7 -0.55 10.9 0.40 58.4 -0.61 4.5 -0.08 AR ES

MINELAB 5.0 -1.88 7.0 -1.50 47.0 -0.40 13.0 2.29 59.0 -0.32 nr nr 3A ES

MINELAB 5.8 -0.11 8.6 0.35 48.2 0.30 10.2 -0.20 60.7 0.51 5.1 1.25 AR AAS

MINELAB 8.5 3.00 11.7 3.00 47.6 -0.03 26.1 3.00 59.1 -0.27 4.3 -0.65 3A ES

MINELAB 5.8 -0.11 8.7 0.44 51.9 2.57 8.8 -1.48 64.2 2.28 <0.1 -3.00 AR ES

MINELAB 5.7 -0.47 8.1 -0.23 45.2 -1.49 9.7 -0.69 56.2 -1.72 4.7 0.27 AR AAS

MINELAB 1.5 -3.00 6.5 -2.12 50.4 1.65 30.8 3.00 77.3 3.00 7.1 3.00 AR ICP

MINELAB 4.9 -2.18 6.4 -2.16 45.8 -1.15 8.0 -2.15 57.7 -0.97 4.5 -0.13 3A AAS

MINELAB 5.8 -0.19 7.6 -0.80 47.4 -0.16 10.0 -0.39 59.3 -0.17 5.0 1.01 AR AAS

MINELAB 6.0 0.23 9.0 0.83 47.8 0.09 10.9 0.41 58.3 -0.67 5.0 1.01 AR AAS

MINELAB 5.5 -0.76 8.0 -0.34 43.5 -2.52 9.3 -1.06 61.3 0.83 4.2 -0.94 AAS

MINELAB 7.5 3.00 8.9 0.71 47.7 0.03 11.1 0.59 57.9 -0.87 4.7 0.30 3A AAS

MINELAB 7.5 3.00 8.8 0.60 47.0 -0.40 11.1 0.59 57.2 -1.22 4.6 0.06 3A AAS

MINELAB 5.7 -0.40 8.6 0.36 53.6 3.00 9.4 -0.93 67.0 3.00 4.6 0.06 3A AAS

MINELAB 7.0 2.34 9.0 0.83 44.0 -2.21 12.0 1.40 55.0 -2.32 5.0 1.01 FA ICP

MINELAB 6.5 1.29 8.4 0.13 46.1 -0.94 10.8 0.32 57.0 -1.32 4.8 0.53 4A AAS

MINELAB 5.1 -1.61 7.8 -0.59 46.6 -0.64 12.2 1.61 59.3 -0.18 5.0 1.03 AR ICP

MINELAB 6.2 0.55 8.2 -0.16 46.5 -0.70 9.5 -0.84 61.3 0.81 4.8 0.51 AR ICP

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

Zarazma Minerals Studies Company Report Page 47

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Ore Grade Silver Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Silver Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

COMLAB

COMLAB

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COMLAB

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COMLAB

COMLAB

COMLAB

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COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

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COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

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COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

-3 -2 -1 0 1 2 30 1 2

ZARAZMA TEHRAN

COMLAB

COMLAB

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Zarazma Minerals Studies Company ReportPage 48

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Ore Grade Sulphur Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

MEAN (%) 20.24 9.29 10.77 28.53 11.03 0.05

STDEV (%) 0.73 0.30 0.33 1.06 0.31 0.01

95% CI (%) 0.15 0.06 0.07 0.22 0.07 0.00

95% CI (rel %) 0.75% 0.68% 0.67% 0.78% 0.61% 5.64% Ore Grade Sulphur Assay - Mean of Absolute Standardized Values - April 2020MIN (%) 18.47 8.46 9.98 25.79 10.30 0.02

MEDIAN (%) 20.25 9.28 10.80 28.50 11.00 0.04

MAX (%) 22.20 10.03 11.64 31.20 11.77 0.07

IQR (%) 0.84 0.34 0.40 1.65 0.40 0.01

COUNT 88 87 84 88 84 70

Standard Reference GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

ZARAZMA TEHRAN 21.18 1.30 9.92 2.13 10.93 0.47 29.85 1.24 10.56 -1.50 0.04 -0.18 AR ES

COMLAB 20.10 -0.19 9.38 0.31 11.10 0.98 27.80 -0.69 11.10 0.24 0.06 1.34 CSA IR

COMLAB 19.60 -0.88 10.02 2.46 10.99 0.65 >20.00 ald 11.52 1.58 0.05 0.42 4A ES

COMLAB >20.00 ald 9.35 0.21 10.80 0.08 >20.00 ald 11.20 0.56 0.04 -0.50 CSA IR

COMLAB 20.20 -0.06 9.30 0.04 10.70 -0.22 28.50 -0.03 11.10 0.24 0.04 -0.50 CSA IR

COMLAB 21.41 1.61 10.19 3.00 12.02 3.00 29.73 1.13 12.18 3.00 0.06 1.34 CSA IR

COMLAB 23.70 3.00 10.86 3.00 12.51 3.00 31.20 2.52 13.80 3.00 0.07 2.26 4A ES

COMLAB 21.15 1.25 9.52 0.78 10.90 0.38 30.08 1.46 11.14 0.36 <0.05 bld 3A ES

COMLAB 19.20 -1.43 8.95 -1.14 10.65 -0.37 27.30 -1.16 10.90 -0.40 0.04 -0.50 CSA IR

COMLAB 20.60 0.50 8.85 -1.48 10.10 -2.01 28.50 -0.03 10.55 -1.52 0.04 -0.50 FUS XRF

COMLAB 19.20 -1.43 9.05 -0.80 10.70 -0.22 27.70 -0.78 11.15 0.40 0.06 1.34 4A ES

COMLAB 20.25 0.01 9.39 0.34 10.85 0.23 25.79 -2.58 11.00 -0.08 0.06 1.34 4A ES

COMLAB 20.10 -0.19 9.37 0.27 10.55 -0.67 27.90 -0.60 11.05 0.08 0.05 0.42 FUS ES

COMLAB 20.20 -0.06 9.43 0.48 10.55 -0.67 27.20 -1.26 10.70 -1.04 0.06 1.34 4A ES

COMLAB 20.70 0.63 9.25 -0.13 11.10 0.98 29.10 0.54 11.00 -0.08 0.01 -3.00 CSA IR

COMLAB 19.80 -0.61 10.20 3.00 10.90 0.38 28.60 0.06 11.20 0.56 0.04 -0.50 CSA IR

COMLAB 20.60 0.50 9.08 -0.70 10.50 -0.82 29.00 0.44 10.80 -0.72 0.04 -0.50 CSA IR

COMLAB 19.80 -0.61 9.27 -0.06 10.65 -0.37 28.10 -0.41 10.95 -0.24 0.06 1.34 4A ES

COMLAB 19.01 -1.69 9.27 -0.06 10.57 -0.61 27.69 -0.79 10.88 -0.47 0.05 0.42 AR ES

COMLAB >10.00 ald 9.24 -0.16 >10.00 ald >10.00 ald 9.68 -3.00 0.06 1.34 AR ES

COMLAB >10.00 ald 9.01 -0.94 >10.00 ald >10.00 ald >10.00 ald 0.06 1.34 AR ES

COMLAB 20.10 -0.19 9.11 -0.60 10.95 0.53 28.40 -0.12 11.10 0.24 0.04 -0.50 CSA IR

COMLAB 20.40 0.22 9.17 -0.40 10.85 0.23 28.70 0.16 11.10 0.24 0.05 0.42 CSA IR

COMLAB 19.25 -1.36 9.18 -0.37 10.35 -1.26 27.40 -1.07 10.30 -2.32 0.06 1.34 4A ES

COMLAB 19.95 -0.40 9.11 -0.60 10.40 -1.11 27.90 -0.60 10.70 -1.04 nr nr CSA IR

COMLAB 24.59 3.00 10.93 3.00 11.91 3.00 29.88 1.27 11.57 1.74 0.76 3.00 CSA IR

COMLAB 19.42 -1.13 9.13 -0.53 10.56 -0.64 26.54 -1.88 10.91 -0.37 <0.05 bld AR ES

COMLAB 20.40 0.22 9.49 0.68 11.00 0.68 28.70 0.16 11.30 0.88 0.04 -0.50 CSA IR

COMLAB 20.30 0.08 9.58 0.98 10.80 0.08 28.50 -0.03 10.60 -1.36 0.05 -0.04 4A ES

COMLAB 20.19 -0.07 9.28 -0.03 11.49 2.15 28.27 -0.25 11.40 1.20 <0.05 bld AR ES

COMLAB 19.99 -0.34 9.09 -0.67 10.51 -0.79 28.97 0.41 10.91 -0.37 0.08 3.00 CSA IR

COMLAB 20.00 -0.33 9.44 0.51 11.20 1.28 28.00 -0.50 11.50 1.52 0.06 0.88 AR ICP

COMLAB 19.76 -0.66 9.46 0.58 10.63 -0.43 28.84 0.29 11.14 0.36 0.07 1.98 4A ES

COMLAB 21.10 1.18 9.42 0.44 10.80 0.08 29.80 1.20 11.20 0.56 0.03 -1.42 CSA IR

COMLAB 20.65 0.56 8.46 -2.79 10.40 -1.11 27.65 -0.83 10.85 -0.56 0.34 3.00 CSA IR

COMLAB 19.63 -0.84 8.90 -1.31 10.83 0.17 27.73 -0.76 11.17 0.46 0.04 -0.50 CSA IR

COMLAB 19.97 -0.37 9.30 0.04 10.90 0.38 28.00 -0.50 11.23 0.66 0.05 0.42 CSA IR

COMLAB 19.96 -0.39 9.06 -0.77 10.39 -1.14 28.16 -0.35 10.75 -0.88 0.03 -1.42 FUS,CSA GRAV,IR

COMLAB 19.50 -1.02 9.60 1.05 10.98 0.62 27.67 -0.81 11.39 1.16 0.02 -2.34 CSA IR

COMLAB 20.02 -0.30 9.20 -0.30 10.32 -1.35 27.19 -1.26 10.47 -1.78 0.05 0.42 4A ES

COMLAB 19.10 -1.57 8.84 -1.51 9.98 -2.37 27.20 -1.26 10.50 -1.68 0.04 -0.50 ES

COMLAB 20.61 0.51 9.38 0.31 10.71 -0.19 28.56 0.03 11.15 0.40 0.05 0.42 4A ES

COMLAB 20.40 0.22 9.35 0.21 10.47 -0.91 28.50 -0.03 11.42 1.26 0.18 3.00 4A ES

COMLAB 20.90 0.91 9.48 0.64 10.90 0.38 29.40 0.82 11.30 0.88 <0.01 -3.00 CSA IR

COMLAB 19.70 -0.74 9.98 2.33 11.00 0.68 18.90 -3.00 11.30 0.88 0.03 -1.42 CSA IR

COMLAB 20.17 -0.10 9.25 -0.13 10.79 0.05 27.79 -0.70 11.20 0.56 0.02 -2.34 CSA IR

COMLAB 20.36 0.17 9.45 0.54 10.73 -0.13 28.40 -0.12 10.46 -1.81 <0.05 bld AR ES

COMLAB 19.73 -0.70 9.40 0.38 10.56 -0.64 27.67 -0.81 10.85 -0.56 0.04 -0.50 4A ES

COMLAB 18.47 -2.44 8.74 -1.85 10.04 -2.19 29.97 1.36 10.93 -0.31 <0.10 bld 4A ICP

COMLAB 20.79 0.76 9.74 1.51 11.64 2.58 30.49 1.85 12.02 3.00 0.05 0.79 4A ES

COMLAB 20.00 -0.33 9.36 0.24 10.80 0.08 28.20 -0.31 10.95 -0.24 0.04 -0.50 CSA IR

COMLAB 20.80 0.77 9.82 1.79 10.70 -0.22 28.50 -0.03 11.00 -0.08 0.12 3.00 4A ICP

COMLAB 20.00 -0.33 9.62 1.12 11.20 1.28 26.30 -2.10 11.30 0.88 0.04 -0.50 CSA IR

COMLAB 19.00 -1.71 9.00 -0.97 10.01 -2.28 27.84 -0.65 10.81 -0.69 0.05 0.42 4A ES

COMLAB 20.51 0.37 9.43 0.48 11.18 1.22 28.63 0.09 11.31 0.91 0.04 -0.50 CSA IR

COMLAB 19.78 -0.63 8.98 -1.04 10.54 -0.70 28.08 -0.43 10.61 -1.33 0.04 -0.32 CSA IR

COMLAB 21.26 1.40 10.20 3.00 11.98 3.00 26.67 -1.76 12.53 3.00 0.04 -0.50 4A AAS

COMLAB 19.16 -1.49 9.01 -0.94 10.70 -0.22 29.80 1.20 10.71 -1.01 0.04 -0.50 1A ICP

COMLAB 19.93 -0.43 9.47 0.61 11.23 1.37 27.27 -1.19 11.37 1.10 0.05 0.42 CSA IR

COMLAB 20.90 0.91 9.19 -0.33 10.80 0.08 29.40 0.82 10.90 -0.40 0.04 -0.50 CSA IR

COMLAB 19.50 -1.02 9.09 -0.67 10.50 -0.82 28.10 -0.41 10.80 -0.72 0.04 -0.50 CSA IR

COMLAB 20.30 0.08 9.53 0.81 10.90 0.38 29.40 0.82 11.40 1.20 0.04 -0.50 CSA IR

COMLAB 20.74 0.69 9.18 -0.37 10.84 0.20 29.66 1.06 11.02 -0.02 0.04 -0.50 CSA IR

COMLAB 0.05 0.51 CSA IR

COMLAB 20.70 0.63 9.40 0.38 10.90 0.38 29.40 0.82 11.00 -0.08 0.03 -1.42 CSA IR

COMLAB 19.50 -1.02 10.00 2.39 11.40 1.88 29.90 1.29 11.40 1.20 0.03 -1.05 CSA IR

COMLAB 20.26 0.03 9.34 0.17 10.50 -0.82 >25.00 ald 10.92 -0.34 0.03 -1.42 4A ES

COMLAB 20.30 0.08 9.12 -0.57 11.09 0.95 29.76 1.16 10.93 -0.31 0.05 0.42 4A,CSA ICP,IR

COMLAB 19.86 -0.52 9.10 -0.63 10.73 -0.13 28.41 -0.11 10.96 -0.21 0.05 0.42 CSA IR

COMLAB 19.51 -1.01 8.98 -1.04 10.46 -0.94 27.54 -0.93 10.52 -1.62 0.07 2.26 CSA IR

COMLAB 20.82 0.80 9.25 -0.13 10.64 -0.40 29.52 0.93 10.96 -0.21 0.04 -0.50 CSA IR

COMLAB 18.73 -2.08 8.86 -1.44 10.35 -1.26 27.57 -0.91 10.57 -1.46 0.11 3.00 AR,IH GRAV

MINELAB 20.34 0.14 8.95 -1.14 10.95 0.53 28.82 0.27 10.98 -0.15 0.05 0.42 CSA IR

MINELAB 22.15 2.63 10.03 2.50 11.83 3.00 30.22 1.59 12.03 3.00 0.06 1.34 CSA IR

MINELAB 21.70 2.01 9.14 -0.50 11.20 1.28 30.80 2.14 11.75 2.32 0.09 3.00 CSA IR

MINELAB 19.03 -1.67 9.05 -0.80 10.59 -0.55 26.64 -1.78 10.66 -1.17 0.04 -0.50 CSA IR

MINELAB 19.40 -1.16 8.63 -2.22 10.30 -1.41 27.40 -1.07 10.50 -1.68 0.05 0.42 CSA IR

MINELAB 20.33 0.12 9.41 0.41 10.56 -0.64 27.97 -0.53 11.01 -0.05 0.06 1.34 3A ES

MINELAB 20.25 0.01 9.48 0.64 10.80 0.08 28.85 0.30 11.20 0.56 <0.50 bld FUS XRF

MINELAB 20.05 -0.26 9.31 0.07 10.82 0.14 29.58 0.99 11.27 0.78 <0.01 -3.00 CSA IR

MINELAB 20.28 0.05 9.01 -0.94 11.00 0.68 29.01 0.45 11.14 0.36 0.04 -0.50 AR ES

MINELAB 20.23 -0.01 9.13 -0.53 11.59 2.45 29.30 0.72 11.50 1.52 0.04 -0.50 CSA IR

MINELAB 20.28 0.05 9.30 0.04 11.19 1.25 28.66 0.12 11.19 0.52 0.03 -1.42 CSA IR

MINELAB 21.14 1.24 9.74 1.52 11.28 1.52 27.64 -0.84 11.77 2.38 <0.09 bld CSA IR

MINELAB 19.98 -0.36 9.29 0.01 10.58 -0.58 28.57 0.04 10.95 -0.24 nr nr 3A ES

MINELAB 19.29 -1.31 18.83 3.00 10.46 -0.94 27.76 -0.73 10.69 -1.08 0.04 -0.50 CSA IR

MINELAB 21.35 1.53 9.71 1.42 10.93 0.47 27.72 -0.77 11.71 2.19 0.32 3.00 3A ES

MINELAB 20.08 -0.23 9.36 0.24 10.96 0.57 27.34 -1.12 11.06 0.10 0.05 0.24 CSA IR

MINELAB 20.58 0.47 9.25 -0.13 10.69 -0.25 29.64 1.05 10.71 -1.01 0.03 -1.42 CSA IR

MINELAB 22.20 2.70 9.14 -0.50 10.90 0.38 29.90 1.29 10.80 -0.72 <0.10 bld CSA IR

MINELAB <0.01 -3.00 <0.01 -3.00 <0.01 -3.00 <0.01 -3.00 <0.01 -3.00 2.41 3.00 AR ICP

MINELAB 20.95 0.98 9.77 1.62 11.01 0.71 29.05 0.49 11.30 0.88 0.01 -3.00 FUS XRF

MINELAB 21.08 1.16 9.50 0.71 11.26 1.46 29.63 1.04 11.44 1.32 0.06 1.34 CSA IR

MINELAB 19.56 -0.94 8.84 -1.51 10.45 -0.97 27.26 -1.20 10.64 -1.24 0.04 -0.41 CSA IR

MINELAB 20.46 0.30 7.70 -3.00 8.82 -3.00 29.00 0.44 8.94 -3.00 0.04 -0.50 CSA IR

MINELAB 21.65 1.94 9.66 1.25 11.85 3.00 28.65 0.11 12.05 3.00 0.10 3.00 CSA IR

MINELAB 20.70 0.63 9.24 -0.16 10.85 0.23 29.15 0.58 11.00 -0.08 <0.05 bld CSA IR

MINELAB 20.68 0.61 9.44 0.51 10.70 -0.22 29.52 0.93 10.95 -0.24 0.06 1.34 CSA IR

MINELAB 20.56 0.44 9.15 -0.47 10.55 -0.67 28.21 -0.30 11.14 0.36 0.04 -0.50 CSA IR

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Ore Grade Sulphur Assay - Mean of Absolute Standardized Values - April 2020 Ore Grade Sulphur Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

ZARAZMA TEHRAN

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Sulphur Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GS320-1 GS320-2 GS320-3 GS320-4 GS320-5 GS320-6 GS320-7 GS320-8 GS320-9 GS320-10

MEAN (%) 20.30 9.30 0.34 0.54 0.58 0.91 0.95 0.04 10.81 0.27

STDEV (%) 0.76 0.35 0.02 0.02 0.03 0.04 0.05 0.01 0.31 0.02

95% CI (%) 0.15 0.07 0.00 0.00 0.01 0.01 0.01 0.00 0.06 0.00

95% CI (rel %) 0.75% 0.75% 1.19% 0.92% 1.03% 0.92% 0.97% 5.35% 0.59% 1.52% Sulphur Assay - Mean of Absolute Standardized Values - April 2020MIN (%) 18.81 8.42 0.29 0.49 0.52 0.82 0.83 0.02 10.20 0.23

MEDIAN (%) 20.30 9.27 0.34 0.54 0.57 0.91 0.95 0.04 10.80 0.27

MAX (%) 22.20 10.22 0.39 0.60 0.65 1.00 1.05 0.07 11.57 0.33

IQR (%) 0.94 0.46 0.03 0.03 0.04 0.06 0.07 0.01 0.40 0.02

COUNT 97 99 94 90 95 94 94 79 92 95

Standard Reference GS320-1 GS320-2 GS320-3 GS320-4 GS320-5 GS320-6 GS320-7 GS320-8 GS320-9 GS320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 20.00 -0.40 9.17 -0.36 0.35 0.43 0.53 -0.33 0.54 -1.21 0.85 -1.49 0.90 -1.14 0.05 0.71 11.10 0.91 0.28 0.36 CSA IR

COMLAB 20.10 -0.26 10.20 2.56 0.29 -2.58 0.50 -1.59 0.52 -1.89 0.88 -0.75 0.92 -0.70 0.02 -2.20 10.20 -1.96 0.23 -2.08

COMLAB 20.30 0.00 9.29 -0.02 0.34 -0.07 0.54 0.09 0.59 0.49 0.92 0.22 0.96 0.19 0.04 -0.26 10.80 -0.05 0.27 -0.13 CSA IR

COMLAB 21.72 1.87 10.22 2.62 0.39 2.43 0.55 0.51 0.61 1.16 0.94 0.71 1.02 1.51 0.06 1.68 11.78 3.00 0.30 1.34 CSA IR

COMLAB 15.15 -3.00 9.30 0.01 0.32 -1.08 0.39 -3.00 0.61 1.16 0.99 1.93 0.93 -0.48 0.04 -0.26 11.03 0.69 0.25 -1.11

COMLAB 19.90 -0.53 9.22 -0.22 0.34 -0.07 0.53 -0.33 0.54 -1.21 0.91 -0.02 0.91 -0.92 0.05 0.71 10.90 0.27 0.28 0.36 CSA IR

COMLAB 20.40 0.13 9.24 -0.16 0.34 -0.07 0.50 -1.59 0.57 -0.19 0.91 -0.02 0.95 -0.03 0.05 0.71 10.76 -0.17 0.26 -0.62 CSA IR

COMLAB 20.10 -0.26 9.22 -0.22 0.36 0.93 0.56 0.94 0.59 0.49 0.92 0.22 0.98 0.63 0.04 -0.26 10.80 -0.05 0.26 -0.62 CSA IR

COMLAB 20.20 -0.13 8.78 -1.47 0.34 -0.07 0.53 -0.33 0.59 0.49 0.91 -0.02 0.97 0.41 0.04 -0.26 10.50 -1.00 0.27 -0.13 CSA IR

COMLAB 20.40 0.13 9.31 0.03 0.31 -1.58 0.52 -0.75 0.55 -0.87 0.89 -0.51 0.91 -0.92 0.01 -3.00 11.00 0.59 0.24 -1.59 CSA IR

COMLAB 20.40 0.13 8.87 -1.22 0.34 -0.07 0.50 -1.59 0.53 -1.55 0.92 0.22 1.00 1.07 0.04 -0.26 11.35 1.71 0.27 -0.13 CSA IR

COMLAB 20.50 0.26 9.38 0.23 0.35 0.43 0.51 -1.17 0.53 -1.55 0.89 -0.51 0.93 -0.48 0.03 -1.23 10.95 0.43 0.25 -1.11 CSA IR

COMLAB 20.80 0.66 9.50 0.57 0.32 -1.08 0.52 -0.75 0.56 -0.53 0.88 -0.75 0.92 -0.70 0.04 -0.26 10.90 0.27 0.26 -0.62 CSA IR

COMLAB 20.64 0.45 9.45 0.43 0.37 1.43 0.57 1.36 0.61 1.16 0.94 0.71 1.01 1.29 0.04 -0.26 10.94 0.40 0.30 1.34 CSA IR

COMLAB 20.90 0.79 9.40 0.29 0.32 -1.08 0.51 -1.17 0.54 -1.21 0.89 -0.51 0.88 -1.58 0.04 -0.26 11.00 0.59 0.26 -0.62 CSA IR

COMLAB 20.30 0.00 8.96 -0.96 0.34 -0.07 0.52 -0.75 0.55 -0.87 0.88 -0.75 0.90 -1.14 nr nr 10.90 0.27 0.27 -0.13 CSA IR

COMLAB 20.40 0.13 9.19 -0.31 0.34 -0.07 0.54 0.09 0.58 0.15 0.88 -0.75 0.91 -0.92 0.04 -0.26 10.90 0.27 0.28 0.36 CSA IR

COMLAB 20.30 0.00 9.17 -0.36 0.33 -0.58 0.54 0.09 0.56 -0.53 0.87 -1.00 0.92 -0.70 nr nr 10.85 0.11 0.27 -0.13 CSA IR

COMLAB 24.22 3.00 10.12 2.34 0.36 0.93 0.94 3.00 0.96 3.00 0.91 -0.02 1.57 3.00 0.04 -0.26 12.33 3.00 0.24 -1.59 CSA IR

COMLAB 19.86 -0.58 8.88 -1.19 0.33 -0.58 0.54 0.09 0.56 -0.53 0.87 -1.00 0.92 -0.70 0.04 -0.26 10.42 -1.26 0.26 -0.62 CSA IR

COMLAB 20.00 -0.40 9.22 -0.22 0.37 1.43 0.59 2.20 0.63 1.84 1.00 2.17 1.02 1.51 0.04 -0.26 10.70 -0.37 0.28 0.36 CSA IR

COMLAB 20.30 0.00 9.03 -0.76 0.37 1.43 0.64 3.00 0.64 2.18 0.99 1.93 1.04 1.96 0.05 0.71 10.70 -0.37 0.30 1.34 CSA IR

COMLAB 20.50 0.26 9.35 0.15 0.37 1.43 0.53 -0.33 0.55 -0.87 0.87 -1.00 0.88 -1.58 0.08 3.00 10.82 0.02 0.26 -0.62 CSA IR

COMLAB 21.10 1.06 9.56 0.74 0.33 -0.58 0.54 0.09 0.57 -0.19 0.91 -0.02 0.97 0.41 0.04 -0.26 11.20 1.23 0.25 -1.11 CSA IR

COMLAB 20.95 0.86 9.31 0.03 0.32 -1.08 0.51 -1.17 0.55 -0.87 0.87 -1.00 0.93 -0.48 0.04 -0.26 10.90 0.27 0.26 -0.62 CSA IR

COMLAB 21.67 1.81 10.13 2.36 0.46 3.00 0.65 3.00 0.69 3.00 1.06 3.00 1.10 3.00 0.10 3.00 11.47 2.10 0.35 3.00 CSA IR

COMLAB 20.30 0.00 9.06 -0.68 0.32 -1.08 0.55 0.51 0.55 -0.87 0.91 -0.02 0.92 -0.70 0.04 -0.26 10.67 -0.46 0.25 -1.11 CSA IR

COMLAB 20.17 -0.17 9.27 -0.08 0.34 -0.07 0.53 -0.33 0.56 -0.53 0.90 -0.27 0.94 -0.25 0.04 -0.26 10.83 0.05 0.27 -0.13 CSA IR

COMLAB 19.75 -0.73 9.01 -0.82 0.33 -0.58 0.53 -0.33 0.59 0.49 0.90 -0.27 0.95 -0.03 0.03 -1.23 10.34 -1.52 0.26 -0.62 CSA,FUS IR,GRAV

COMLAB 19.22 -1.43 9.22 -0.22 0.33 -0.58 0.54 0.09 0.57 -0.19 0.97 1.44 1.00 1.07 0.02 -2.20 10.90 0.27 0.29 0.85 CSA IR

COMLAB 18.86 -1.90 8.82 -1.36 0.33 -0.58 0.54 0.09 0.61 1.16 0.91 -0.02 1.00 1.07 0.03 -1.23 10.30 -1.64 0.27 -0.13 CSA IR

COMLAB 18.95 -1.78 8.77 -1.50 0.35 0.43 0.52 -0.75 0.60 0.82 0.93 0.46 0.97 0.41 0.04 -0.26 10.40 -1.32 0.29 0.85 CSA IR

COMLAB 21.00 0.92 9.60 0.86 0.33 -0.58 0.53 -0.33 0.57 -0.19 0.85 -1.49 0.95 -0.03 0.02 -2.20 10.80 -0.05 0.26 -0.62 CSA IR

COMLAB 20.00 -0.40 9.29 -0.02 0.31 -1.58 0.53 -0.33 0.56 -0.53 0.86 -1.24 0.91 -0.92 0.03 -1.23 11.00 0.59 0.23 -2.08 CSA IR

COMLAB 19.99 -0.41 9.61 0.89 0.34 -0.07 0.52 -0.75 0.57 -0.19 0.89 -0.51 0.94 -0.25 0.05 0.71 11.35 1.71 0.27 -0.13 CSA IR

COMLAB 20.45 0.20 9.53 0.66 0.34 0.08 0.55 0.51 0.59 0.49 0.92 0.22 0.99 0.85 <0.05 bld 10.55 -0.84 0.27 -0.32 AR GRAV

COMLAB 19.54 -1.00 9.34 0.12 0.32 -1.08 0.50 -1.59 0.57 -0.19 0.92 0.22 0.96 0.19 0.04 -0.26 10.42 -1.26 0.26 -0.62 4A ES

COMLAB 19.51 -1.04 9.21 -0.25 0.37 1.43 0.57 1.36 0.61 1.16 0.93 0.46 0.96 0.19 0.09 3.00 10.70 -0.37 0.31 1.83 CSA IR

COMLAB 20.00 -0.40 9.22 -0.22 0.36 0.93 0.55 0.51 0.59 0.49 0.92 0.22 0.97 0.41 0.04 -0.26 10.70 -0.37 0.28 0.36 CSA IR

COMLAB 19.31 -1.31 8.97 -0.93 0.32 -1.08 0.53 -0.33 0.52 -1.89 0.89 -0.51 0.94 -0.25 0.04 -0.26 10.23 -1.87 0.27 -0.13 CSA IR

COMLAB 20.83 0.70 9.66 1.03 0.35 0.43 0.55 0.51 0.57 -0.19 0.92 0.22 0.96 0.19 0.04 -0.26 11.10 0.91 0.27 -0.13 CSA IR

COMLAB 20.40 0.13 9.77 1.34 0.37 1.43 0.57 1.36 0.60 0.82 0.93 0.46 0.99 0.85 0.05 0.71 11.00 0.59 0.30 1.34

COMLAB 19.66 -0.85 9.03 -0.76 0.35 0.43 0.55 0.51 0.60 0.82 0.93 0.46 1.02 1.51 0.04 -0.26 10.56 -0.81 0.29 0.85 CSA IR

COMLAB 20.73 0.57 9.37 0.20 0.33 -0.58 0.43 -3.00 0.54 -1.21 0.86 -1.24 0.92 -0.70 0.05 0.71 11.92 3.00 0.28 0.36 CSA IR

COMLAB 20.00 -0.40 9.03 -0.76 0.35 0.43 0.54 0.09 0.58 0.15 0.92 0.22 0.96 0.19 0.04 -0.26 10.93 0.37 0.27 -0.13 CSA IR

COMLAB 20.60 0.40 9.29 -0.02 0.36 0.93 0.55 0.51 0.59 0.49 0.92 0.22 0.96 0.19 0.06 1.68 10.80 -0.05 0.28 0.36 CSA IR

COMLAB 19.80 -0.66 9.08 -0.62 0.32 -1.08 0.50 -1.59 0.54 -1.21 0.87 -1.00 0.89 -1.36 0.04 -0.26 10.50 -1.00 0.25 -1.11 CSA IR

COMLAB 20.20 -0.13 9.31 0.03 0.33 -0.58 0.51 -1.17 0.58 0.15 0.87 -1.00 0.96 0.19 0.02 -2.20 11.00 0.59 0.26 -0.62 CSA IR

COMLAB 20.71 0.54 9.00 -0.85 0.33 -0.58 0.53 -0.33 0.57 -0.19 0.88 -0.75 0.92 -0.70 0.04 -0.26 10.90 0.27 0.26 -0.62 CSA IR

COMLAB 20.90 0.79 9.45 0.43 0.36 0.93 0.58 1.78 0.62 1.47 0.98 1.56 1.02 1.51 nr nr 10.90 0.27 0.29 0.70 CSA IR

COMLAB 20.20 -0.13 9.27 -0.08 0.35 0.53 0.56 1.06 0.59 0.35 0.94 0.68 0.98 0.67 0.05 0.42 11.00 0.59 0.29 0.70 CSA IR

COMLAB 21.10 1.06 9.59 0.83 0.31 -1.58 0.52 -0.75 0.57 -0.19 0.94 0.71 0.96 0.19 0.03 -1.23 11.00 0.59 0.26 -0.62 CSA IR

COMLAB 19.60 -0.92 9.05 -0.70 0.33 -0.63 0.52 -0.62 0.56 -0.50 0.91 0.03 0.87 -1.71 0.03 -1.43 11.20 1.23 0.24 -1.64 CSA IR

COMLAB 20.08 -0.29 9.29 -0.02 0.33 -0.58 0.56 0.94 0.60 0.82 0.96 1.20 0.95 -0.03 0.03 -1.23 10.76 -0.17 0.27 -0.13 CSA IR

COMLAB 20.70 0.53 9.25 -0.14 0.36 0.83 0.57 1.19 0.61 1.23 0.95 1.02 1.00 0.98 0.06 1.23 10.90 0.27 0.28 0.41 CSA IR

COMLAB 19.98 -0.43 9.07 -0.66 0.33 -0.43 0.53 -0.24 0.56 -0.47 0.89 -0.44 0.96 0.21 0.04 -0.46 10.67 -0.45 0.26 -0.52 CSA IR

COMLAB 20.60 0.40 9.29 -0.02 0.34 -0.02 0.54 -0.12 0.55 -0.77 0.89 -0.54 0.91 -0.90 0.07 2.55 11.00 0.59 0.27 -0.13 CSA IR

COMLAB 19.03 -1.68 9.09 -0.59 nr nr 0.69 3.00 nr nr 0.96 1.20 1.10 3.00 nr nr 10.66 -0.49 nr nr GRAV

COMLAB 19.75 -0.73 8.97 -0.93 0.39 2.43 0.58 1.78 0.61 1.16 0.94 0.71 0.97 0.41 0.08 3.00 10.39 -1.36 0.30 1.34 CSA IR

COMLAB 20.84 0.71 9.19 -0.31 0.35 0.43 0.54 0.09 0.58 0.15 0.92 0.22 0.97 0.41 0.04 -0.26 10.65 -0.52 0.27 -0.13 CSA IR

COMLAB 19.54 -1.00 8.98 -0.90 0.27 -3.00 0.52 -0.75 0.71 3.00 0.61 -3.00 0.88 -1.58 0.08 3.00 10.40 -1.32 0.56 3.00 AR,IH GRAV

COMLAB 19.50 -1.06 9.50 0.57 0.34 -0.07 0.55 0.51 0.59 0.49 0.92 0.22 0.97 0.41 0.03 -1.23 10.30 -1.64 0.26 -0.62

MINELAB 19.63 -0.88 8.85 -1.27 0.33 -0.58 0.53 -0.33 0.58 0.15 0.90 -0.27 0.88 -1.58 0.04 -0.26 10.91 0.31 0.27 -0.13 CSA IR

MINELAB ald ald 9.65 1.00 0.37 1.43 0.57 1.36 0.60 0.82 0.95 0.95 0.99 0.85 bld bld ald ald 0.31 1.83

MINELAB 19.29 -1.33 9.04 -0.73 0.41 3.00 0.68 3.00 0.67 3.00 1.11 3.00 0.96 0.19 0.05 0.71 10.76 -0.17 0.32 2.32 CSA IR

MINELAB 21.20 1.19 10.50 3.00 0.32 -1.08 0.52 -0.75 0.55 -0.87 0.90 -0.27 0.94 -0.25 0.04 -0.26 12.30 3.00 0.23 -2.08 CSA IR

MINELAB 17.51 -3.00 8.16 -3.00 0.32 -1.08 0.50 -1.59 0.53 -1.55 0.89 -0.51 0.88 -1.58 0.04 -0.26 9.65 -3.00 0.25 -1.11 CSA IR

MINELAB 19.70 -0.79 9.00 -0.85 0.33 -0.58 0.53 -0.33 0.56 -0.53 0.89 -0.51 0.94 -0.25 0.04 -0.26 10.60 -0.68 0.26 -0.62 CSA IR

MINELAB 21.75 1.91 10.03 2.08 0.29 -2.58 0.51 -1.17 0.56 -0.53 0.95 0.95 0.97 0.41 0.05 0.71 11.87 3.00 0.19 -3.00 CSA IR

MINELAB 21.20 1.19 10.10 2.28 0.34 0.13 0.52 -0.66 0.56 -0.70 0.96 1.12 1.01 1.29 0.08 3.00 10.60 -0.68 0.29 0.75 CSA IR

MINELAB 21.55 1.65 9.69 1.11 0.36 0.93 0.56 0.94 0.56 -0.53 0.82 -2.22 0.94 -0.25 0.10 3.00 10.82 0.02 0.30 1.34 CSA IR

MINELAB 21.71 1.86 9.87 1.62 0.37 1.43 0.56 1.02 0.58 0.01 0.94 0.78 0.97 0.34 0.09 3.00 11.78 3.00 0.32 2.12 CSA IR

MINELAB 20.74 0.58 9.53 0.66 0.33 -0.58 0.52 -0.75 0.55 -0.87 0.86 -1.24 0.89 -1.36 0.09 3.00 11.22 1.30 0.28 0.36 CSA IR

MINELAB 19.03 -1.68 9.01 -0.82 0.35 0.43 0.52 -0.75 0.59 0.49 0.86 -1.24 0.94 -0.25 0.04 -0.26 10.57 -0.78 0.28 0.36 CSA IR

MINELAB 20.49 0.25 9.01 -0.82 0.37 1.43 0.58 1.78 0.58 0.15 0.95 0.95 1.00 1.07 0.07 2.65 10.96 0.47 0.28 0.36 CSA IR

MINELAB 19.70 -0.79 8.79 -1.44 0.28 -3.00 0.42 -3.00 0.52 -1.89 0.93 0.46 0.91 -0.92 0.05 0.71 10.30 -1.64 0.25 -1.11 CSA IR

MINELAB 18.81 -1.97 8.42 -2.50 0.36 0.93 0.54 0.09 0.57 -0.19 0.89 -0.51 1.05 2.18 0.06 1.68 10.57 -0.78 0.33 2.81 3A ES

MINELAB 20.25 -0.07 9.37 0.20 <0.50 bld <0.50 bld <0.50 bld 0.77 -3.00 0.81 -3.00 <0.50 bld 10.80 -0.05 <0.50 bld FUS XRF

MINELAB 19.16 -1.50 8.83 -1.32 0.31 -1.38 0.51 -1.38 0.53 -1.72 0.84 -1.75 0.92 -0.72 0.04 -0.65 10.25 -1.80 0.25 -1.01

MINELAB 20.73 0.57 9.53 0.66 0.33 -0.58 0.62 3.00 0.65 2.52 1.08 3.00 1.15 3.00 <0.01 -3.00 11.32 1.62 0.25 -1.11 CSA IR

MINELAB 20.18 -0.16 9.70 1.14 0.32 -1.08 0.52 -0.75 0.54 -1.21 0.86 -1.24 0.92 -0.70 0.05 0.71 11.57 2.42 0.29 0.85 CSA IR

MINELAB 19.41 -1.18 9.30 0.01 0.36 0.93 0.56 0.94 0.59 0.49 0.92 0.22 0.95 -0.03 0.04 -0.26 10.54 -0.88 0.28 0.36 CSA IR

MINELAB 21.30 1.32 9.51 0.60 0.35 0.43 0.53 -0.33 0.58 0.15 0.95 0.95 1.01 1.29 0.04 -0.26 11.20 1.23 0.30 1.34 CSA IR

MINELAB 20.49 0.25 9.27 -0.08 0.34 -0.07 0.54 0.09 0.58 0.15 1.00 2.17 1.03 1.74 0.06 1.68 10.80 -0.05 0.27 -0.13 CSA IR

MINELAB 21.54 1.64 9.82 1.48 0.30 -2.08 0.55 0.51 0.58 0.15 0.92 0.22 0.96 0.19 <0.09 bld 11.37 1.78 0.26 -0.62 CSA IR

MINELAB 22.20 2.51 9.39 0.26 0.35 0.43 0.59 2.20 0.63 1.84 0.96 1.20 1.00 1.07 0.09 3.00 10.80 -0.05 0.32 2.32 CSA IR

MINELAB 20.40 0.13 8.75 -1.56 0.38 1.93 0.49 -2.01 0.52 -1.89 0.84 -1.73 0.88 -1.58 <0.01 -3.00 10.60 -0.68 0.29 0.85 CSA IR

MINELAB 19.19 -1.47 8.92 -1.07 0.36 0.93 0.55 0.51 0.61 1.16 0.97 1.44 0.99 0.85 0.04 -0.26 10.34 -1.52 0.28 0.36 CSA IR

MINELAB 21.39 1.44 9.68 1.09 0.35 0.43 0.56 0.94 0.61 1.16 0.96 1.20 0.98 0.63 0.04 -0.26 11.35 1.71 0.28 0.36 CSA IR

MINELAB 19.26 -1.38 9.21 -0.26 0.38 1.78 0.60 2.66 0.64 2.15 0.98 1.76 1.04 2.05 0.05 0.61 10.87 0.18 0.30 1.44 CSA IR

MINELAB 20.37 0.09 9.20 -0.28 0.33 -0.58 0.54 0.09 0.58 0.15 0.93 0.46 1.00 1.07 0.05 0.71 10.38 -1.39 0.26 -0.62 CSA IR

MINELAB 21.90 2.11 9.18 -0.34 0.33 -0.58 0.52 -0.75 0.56 -0.53 0.83 -1.97 0.83 -2.69 <0.10 bld 11.10 0.91 0.29 0.85 CSA,FUS IR

MINELAB 13.10 -3.00 5.97 -3.00 0.24 -3.00 0.37 -3.00 0.39 -3.00 0.58 -3.00 0.64 -3.00 0.06 1.68 6.93 -3.00 0.20 -3.00 CSA IR

MINELAB 21.39 1.44 8.89 -1.16 0.35 0.43 0.53 -0.33 0.57 -0.19 0.90 -0.27 0.91 -0.92 0.04 -0.26 10.43 -1.23 0.27 -0.13 CSA IR

MINELAB 21.05 0.99 9.76 1.31 0.35 0.43 0.52 -0.75 0.57 -0.19 0.87 -1.00 0.91 -0.92 0.06 1.68 11.29 1.52 0.29 0.85 CSA IR

MINELAB 19.26 -1.37 8.75 -1.56 0.34 -0.07 0.54 0.09 0.55 -0.87 0.87 -1.00 0.91 -0.92 0.04 -0.07 10.39 -1.36 0.27 -0.13 CSA IR

MINELAB 20.01 -0.38 9.38 0.23 0.35 0.43 0.50 -1.59 0.60 0.82 0.78 -3.00 0.80 -3.00 0.03 -1.23 11.00 0.59 0.26 -0.62 CSA IR

MINELAB 21.00 0.92 9.97 1.90 0.43 3.00 0.63 3.00 0.63 1.84 1.06 3.00 1.10 3.00 0.10 3.00 11.55 2.35 0.36 3.00 CSA IR

MINELAB 18.85 -1.91 9.40 0.28 0.34 0.13 0.54 0.09 0.61 1.16 0.98 1.68 1.00 1.14 10.89 3.00 <0.005 -3.00 0.25 -1.11 CSA IR

MINELAB 20.56 0.34 9.13 -0.48 0.32 -1.08 0.52 -0.75 0.54 -1.21 0.86 -1.24 0.95 -0.03 0.05 0.71 10.73 -0.27 0.26 -0.62 CSA IR

MINELAB 20.40 0.13 9.41 0.31 0.36 1.13 0.58 1.61 0.58 0.21 0.92 0.32 0.96 0.12 0.06 1.68 10.80 -0.05 0.28 0.31 CSA IR

MINELAB 20.55 0.33 9.31 0.03 0.35 0.43 0.55 0.51 0.55 -0.87 0.84 -1.73 0.91 -0.92 0.05 0.71 10.75 -0.21 0.24 -1.59 CSA IR

MINELAB 20.19 -0.15 9.17 -0.36 0.36 0.93 0.57 1.36 0.59 0.49 0.90 -0.27 0.90 -1.14 0.04 -0.26 11.07 0.82 0.29 0.85 CSA IR

MINELAB 20.01 -0.38 9.13 -0.48 0.36 0.98 0.58 1.95 0.62 1.61 0.97 1.51 1.01 1.25 0.05 0.61 10.72 -0.30 0.28 0.31 CSA IR

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Sulphur Assay - Mean of Absolute Standardized Values - April 2020 Sulphur Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

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-3 -2 -1 0 1 2 30 1 2

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Zarazma Minerals Studies Company ReportPage 52

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Carbon Round Robin - Summary Statistics, Assays, Standardised Values and Graphs - April 2020

Standard Reference GS320-1 GS320-2 GS320-3 GS320-4 GS320-5 GS320-6 GS320-7 GS320-8 GS320-9 GS320-10

MEAN (%) 0.62 0.55 0.40 0.06 0.07 0.06 0.07 0.05 1.35 0.59

STDEV (%) 0.03 0.03 0.02 0.02 0.01 0.02 0.02 0.02 0.06 0.03

95% CI (%) 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.01

95% CI (rel %) 1.23% 1.37% 1.40% 6.07% 5.11% 6.36% 5.65% 6.59% 0.98% 1.14% Carbon Assay - Mean of Absolute Standardized Values - April 2020MIN (%) 0.54 0.47 0.33 0.03 0.03 0.02 0.03 0.02 1.20 0.53

MEDIAN (%) 0.62 0.55 0.40 0.06 0.07 0.06 0.07 0.05 1.35 0.59

MAX (%) 0.70 0.64 0.46 0.10 0.10 0.09 0.12 0.09 1.50 0.66

IQR (%) 0.04 0.04 0.03 0.02 0.02 0.02 0.02 0.01 0.08 0.04

COUNT 73 76 76 69 70 71 73 69 75 75

Standard Reference GS320-1 GS320-2 GS320-3 GS320-4 GS320-5 GS320-6 GS320-7 GS320-8 GS320-9 GS320-10

Lab Reference assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score assay z-score

COMLAB 0.60 -0.54 0.54 -0.40 0.38 -0.72 0.04 -1.40 0.05 -1.15 0.04 -1.16 0.05 -1.31 0.03 -1.62 1.32 -0.59 0.58 -0.27 CSA IR

COMLAB 0.61 -0.24 0.55 -0.10 0.40 0.09 0.06 -0.14 0.07 0.24 0.06 0.09 0.08 0.35 0.05 -0.29 1.33 -0.42 0.58 -0.27 CSA IR

COMLAB 0.58 -1.15 0.52 -0.99 0.38 -0.72 0.06 -0.14 0.06 -0.45 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.29 -1.11 0.56 -0.95 CSA IR

COMLAB 0.62 0.07 0.53 -0.70 0.37 -1.13 0.08 1.12 0.07 0.24 0.06 0.09 0.08 0.35 0.05 -0.29 1.20 -2.66 0.53 -1.97

COMLAB 0.62 0.07 0.59 1.09 0.42 0.90 0.07 0.49 0.09 1.63 0.07 0.72 0.09 0.90 0.07 1.03 1.38 0.44 0.60 0.41 CSA IR

COMLAB 0.63 0.37 0.57 0.50 0.41 0.50 0.09 1.74 0.08 0.93 0.08 1.35 0.09 0.90 0.08 1.69 1.34 -0.25 0.59 0.07 CSA IR

COMLAB 0.61 -0.24 0.59 1.09 0.43 1.31 0.05 -0.77 0.06 -0.45 0.05 -0.54 0.06 -0.76 0.05 -0.29 1.35 -0.08 0.61 0.75 CSA IR

COMLAB 0.70 2.49 0.72 3.00 0.45 2.13 0.06 -0.14 0.07 0.24 0.06 0.09 0.08 0.35 0.06 0.37 1.27 -1.46 0.68 3.00 CSA IR

COMLAB 0.61 -0.24 0.53 -0.70 0.39 -0.32 0.06 -0.14 0.07 0.24 0.06 0.09 0.07 -0.21 0.05 -0.29 1.29 -1.11 0.58 -0.27 CSA IR

COMLAB 0.60 -0.54 0.54 -0.40 0.40 0.09 0.06 -0.14 0.08 0.93 0.04 -1.16 0.07 -0.21 0.05 -0.29 1.34 -0.25 0.60 0.41 CSA IR

COMLAB 0.81 3.00 0.66 3.00 0.48 3.00 0.09 1.74 0.12 3.00 0.09 1.98 0.12 2.57 0.09 2.35 1.38 0.44 0.66 2.45 CSA IR

COMLAB 0.64 0.67 0.58 0.79 0.39 -0.32 0.06 -0.14 0.06 -0.45 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.40 0.78 0.59 0.07 CSA IR

COMLAB 0.62 0.07 0.56 0.20 0.41 0.50 0.06 -0.14 0.07 0.24 0.06 0.09 0.07 -0.21 0.06 0.37 1.39 0.61 0.60 0.41 CSA IR

COMLAB 0.60 -0.54 0.55 -0.10 0.39 -0.32 nr nr nr nr nr nr nr nr nr nr 1.36 0.10 0.59 0.07 CSA IR

COMLAB 0.59 -0.84 0.53 -0.70 0.38 -0.72 nr nr nr nr nr nr nr nr nr nr 1.34 -0.25 0.56 -0.95 CSA IR

COMLAB 0.69 2.19 0.57 0.50 0.40 0.09 0.05 -0.77 0.05 -1.15 0.05 -0.54 0.10 1.46 0.04 -0.96 1.38 0.44 0.59 0.07 CSA IR

COMLAB 0.62 0.07 0.56 0.20 0.40 0.09 0.05 -0.77 0.06 -0.45 0.05 -0.54 0.11 2.01 0.05 -0.29 1.38 0.44 0.59 0.07 CSA IR

COMLAB 0.70 2.49 0.60 1.39 0.42 0.90 0.06 -0.14 0.06 -0.45 0.06 0.09 0.06 -0.76 0.06 0.37 1.50 2.51 0.60 0.41 CSA IR

COMLAB 0.62 0.07 0.54 -0.40 0.38 -0.72 0.06 -0.14 0.08 0.93 0.06 0.09 0.07 -0.21 0.05 -0.29 1.34 -0.25 0.57 -0.61 CSA IR

COMLAB 0.61 -0.24 0.56 0.20 0.42 0.90 0.08 1.12 0.09 1.63 0.08 1.35 0.09 0.90 0.09 2.35 1.37 0.27 0.60 0.41 CSA IR

COMLAB 0.61 -0.24 0.54 -0.40 0.40 0.09 0.07 0.49 0.07 0.24 0.06 0.09 0.08 0.35 0.06 0.37 1.32 -0.59 0.57 -0.61 CSA IR

COMLAB 0.61 -0.24 0.53 -0.70 0.36 -1.54 <0.15 bld <0.15 bld <0.15 bld <0.15 bld <0.15 bld 1.29 -1.11 0.54 -1.63 CSA IR

COMLAB 0.61 -0.24 0.56 0.20 0.40 0.09 0.06 -0.14 0.07 0.24 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.38 0.44 0.60 0.41 CSA IR

COMLAB 0.63 0.37 0.55 -0.10 0.40 0.09 0.06 -0.14 0.06 -0.45 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.34 -0.25 0.60 0.41 CSA IR

COMLAB 0.56 -1.75 0.51 -1.29 0.37 -1.13 0.09 1.74 0.09 1.63 0.09 1.98 0.09 0.90 0.08 1.69 1.33 -0.42 0.53 -1.97 CSA IR

COMLAB 0.68 1.88 0.59 1.09 0.40 0.09 0.06 -0.14 0.06 -0.45 0.06 0.09 0.08 0.35 0.05 -0.29 1.41 0.96 0.61 0.75 CSA IR

COMLAB 0.60 -0.54 0.56 0.20 0.40 0.09 0.05 -0.77 0.05 -1.15 0.05 -0.54 0.06 -0.76 0.04 -0.96 1.29 -1.11 0.61 0.75 CSA IR

COMLAB 0.60 -0.54 0.53 -0.70 0.37 -1.13 0.10 2.37 0.09 1.63 0.08 1.35 0.09 0.90 0.08 1.69 1.27 -1.46 0.58 -0.27 CSA IR

COMLAB 0.55 -2.05 0.47 -2.48 0.36 -1.54 0.08 1.12 0.09 1.63 0.08 1.35 0.10 1.46 0.07 1.03 1.05 -3.00 0.55 -1.29 CSA IR

COMLAB 0.58 -1.15 0.54 -0.40 0.39 -0.32 0.07 0.49 0.07 0.24 0.07 0.72 0.08 0.35 0.06 0.37 1.25 -1.80 0.57 -0.61 CSA IR

COMLAB 0.63 0.37 0.55 -0.10 0.39 -0.32 0.07 0.49 0.07 0.24 0.06 0.09 0.08 0.35 <0.05 bld 1.34 -0.25 0.59 0.07 CSA IR

COMLAB 0.67 1.58 0.59 1.09 0.43 1.31 0.07 0.49 0.07 0.24 0.07 0.72 0.08 0.35 0.07 1.03 1.40 0.78 0.63 1.43 CSA IR

COMLAB 0.59 -0.84 0.49 -1.89 0.38 -0.72 0.03 -2.03 0.03 -2.53 0.03 -1.79 0.04 -1.87 0.03 -1.62 1.28 -1.28 0.56 -0.95 CSA IR

COMLAB 0.62 0.07 0.55 -0.10 0.39 -0.32 0.06 -0.14 0.06 -0.45 0.06 0.09 0.07 -0.21 0.05 -0.29 1.35 -0.08 0.59 0.07 CSA IR

COMLAB 0.61 -0.24 0.51 -1.29 0.33 -2.76 0.05 -0.77 0.02 -3.00 0.03 -1.79 0.03 -2.42 0.02 -2.28 1.35 -0.08 0.57 -0.61

COMLAB 0.63 0.37 0.58 0.79 0.39 -0.32 0.03 -2.03 0.04 -2.12 0.02 -2.36 0.04 -2.04 0.03 -1.42 1.40 0.78 0.55 -1.29 CSA IR

COMLAB 0.64 0.67 0.57 0.50 0.42 0.90 0.09 1.74 0.09 1.63 0.09 1.98 0.11 2.01 0.08 1.69 1.30 -0.94 0.58 -0.27 CSA IR

COMLAB 0.66 1.28 0.59 1.09 0.42 0.90 0.07 0.49 0.07 0.24 0.06 0.09 0.08 0.35 0.06 0.37 1.40 0.78 0.61 0.75 CSA IR

COMLAB 0.55 -2.05 0.48 -2.19 0.38 -0.72 0.04 -1.40 0.06 -0.45 0.04 -1.16 0.06 -0.76 0.04 -0.96 1.33 -0.42 0.56 -0.95 CSA IR

COMLAB 0.62 0.07 0.55 -0.10 0.38 -0.72 0.04 -1.40 0.05 -1.15 0.04 -1.16 0.06 -0.76 0.03 -1.62 1.40 0.78 0.58 -0.27 CSA IR

COMLAB 0.59 -0.84 0.55 -0.10 0.40 0.09 0.06 -0.14 0.07 0.24 0.07 0.72 0.07 -0.21 0.05 -0.29 1.31 -0.77 0.58 -0.27 CSA IR

COMLAB 0.61 -0.24 0.55 -0.10 0.41 0.50 0.06 -0.14 0.08 0.93 0.07 0.72 0.07 -0.21 0.07 1.03 1.33 -0.42 0.58 -0.27 CSA IR

COMLAB 0.65 1.03 0.59 1.21 0.43 1.43 0.06 -0.46 0.06 -0.18 0.05 -0.35 0.07 -0.37 0.05 -0.03 1.43 1.30 0.63 1.49 CSA IR

COMLAB 0.60 -0.54 0.60 1.39 0.40 0.09 0.09 1.68 0.08 0.80 0.07 0.91 0.09 1.12 0.06 0.43 1.40 0.78 0.60 0.41 CSA IR

COMLAB 0.63 0.22 0.57 0.35 0.40 0.05 0.07 0.61 0.08 1.00 0.07 0.60 0.08 0.51 0.07 0.83 1.35 -0.08 0.59 -0.10 CSA IR

COMLAB 0.65 0.97 0.59 1.09 0.41 0.50 0.04 -1.40 0.05 -1.15 0.05 -0.54 0.06 -0.76 0.04 -0.96 1.41 0.96 0.60 0.41 CSA IR

COMLAB 0.59 -0.87 0.54 -0.40 0.39 -0.48 0.06 -0.04 0.06 -0.43 0.05 -0.42 0.07 -0.34 0.06 0.18 1.35 -0.08 0.58 -0.21 CSA IR

COMLAB 0.61 -0.21 0.55 -0.22 0.38 -0.81 0.05 -0.71 0.06 -0.31 0.04 -0.91 0.06 -0.65 0.04 -0.69 1.36 0.04 0.57 -0.51 CSA IR

COMLAB 0.65 0.97 0.57 0.50 0.44 1.72 0.10 2.37 0.11 3.00 0.11 3.00 0.13 3.00 0.11 3.00 1.32 -0.59 0.61 0.75 CSA IR

COMLAB 0.65 0.97 0.56 0.20 0.40 0.09 0.05 -0.77 0.06 -0.45 0.05 -0.54 0.06 -0.76 0.04 -0.96 1.37 0.27 0.59 0.07 CSA IR

COMLAB 0.62 0.07 0.53 -0.70 0.36 -1.54 <0.10 bld <0.10 bld <0.10 bld <0.10 bld <0.10 bld 1.41 0.96 0.55 -1.29

MINELAB 0.65 0.97 0.58 0.79 0.42 0.90 0.05 -0.77 0.06 -0.45 0.05 -0.54 0.06 -0.76 0.05 -0.29 1.35 -0.08 0.61 0.75 CSA IR

MINELAB 0.54 -2.36 0.48 -2.19 0.39 -0.32 0.07 0.49 0.07 0.24 0.06 0.09 0.07 -0.21 0.06 0.37 1.02 -3.00 0.53 -1.97 CSA IR

MINELAB 0.73 3.00 0.59 1.09 0.41 0.50 0.10 2.37 0.15 3.00 0.08 1.35 0.16 3.00 0.15 3.00 1.47 1.99 0.62 1.09 CSA IR

MINELAB 0.61 -0.24 0.55 -0.10 0.40 0.09 0.07 0.49 0.06 -0.45 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.34 -0.25 0.59 0.07 CSA IR

MINELAB 0.62 0.07 0.55 -0.10 0.40 0.09 0.06 -0.14 0.07 0.24 0.05 -0.54 0.07 -0.21 0.05 -0.29 1.34 -0.25 0.57 -0.61 CSA IR

MINELAB 0.80 3.00 0.78 3.00 0.58 3.00 0.07 0.49 0.06 -0.45 0.05 -0.54 0.07 -0.21 0.07 1.03 1.50 2.51 1.01 3.00 CSA IR

MINELAB 0.58 -1.30 0.52 -1.08 0.37 -1.29 0.05 -0.77 0.06 -0.73 0.05 -0.72 0.06 -0.82 0.04 -0.69 1.29 -1.20 0.55 -1.16 CSA IR

MINELAB 0.57 -1.45 0.50 -1.59 0.35 -1.95 0.05 -0.77 0.04 -1.84 0.03 -1.79 0.05 -1.31 0.03 -1.62 1.27 -1.46 0.54 -1.63 CSA IR

MINELAB 0.57 -1.51 0.50 -1.56 0.36 -1.62 0.06 -0.14 0.06 -0.80 0.05 -0.60 0.06 -0.65 0.06 0.24 1.27 -1.47 0.54 -1.74 CSA IR

MINELAB 1.52 3.00 0.64 2.58 0.46 2.53 0.67 3.00 0.23 3.00 0.22 3.00 0.22 3.00 0.22 3.00 0.22 -3.00 0.22 -3.00 CSA IR

MINELAB 0.64 0.67 0.56 0.20 0.41 0.50 0.07 0.49 0.08 0.93 0.07 0.72 0.10 1.46 0.07 1.03 1.41 0.96 0.60 0.41 CSA IR

MINELAB 0.60 -0.54 0.57 0.50 0.43 1.31 0.08 1.12 0.08 0.93 0.09 1.98 0.09 0.90 0.08 1.69 1.29 -1.11 0.60 0.41 CSA IR

MINELAB 0.59 -0.84 0.54 -0.40 0.39 -0.32 <0.05 bld 0.05 -1.15 <0.05 bld 0.05 -1.31 0.05 -0.29 1.32 -0.59 0.58 -0.27 CSA IR

MINELAB 0.66 1.31 0.61 1.63 0.42 0.78 0.05 -0.84 0.05 -1.01 0.04 -1.10 0.06 -0.82 0.04 -0.96 1.43 1.37 0.64 1.70

MINELAB 0.62 0.07 0.55 -0.10 0.42 0.90 <0.09 bld 0.09 1.63 <0.09 bld 0.09 0.90 <0.09 bld 1.29 -1.11 0.60 0.41 CSA IR

MINELAB 0.65 0.97 0.58 0.79 0.46 2.53 0.11 3.00 0.10 2.32 0.09 1.98 0.11 2.01 0.10 3.00 1.39 0.61 0.63 1.43 CSA IR

MINELAB 0.60 -0.54 0.50 -1.59 0.37 -1.13 0.03 -2.03 0.07 0.24 0.04 -1.16 0.06 -0.76 0.03 -1.62 1.42 1.13 0.61 0.75 CSA IR

MINELAB 0.76 3.00 0.62 1.99 0.48 3.00 0.65 3.00 0.08 0.93 0.07 0.72 0.09 0.90 0.06 0.37 1.41 0.96 0.68 3.00 CSA IR

MINELAB 0.63 0.34 0.57 0.50 0.40 0.05 0.05 -0.77 0.05 -0.87 0.05 -0.60 0.06 -0.98 0.05 -0.56 1.37 0.28 0.61 0.88 CSA IR

MINELAB 0.65 0.97 0.56 0.20 0.39 -0.32 0.07 0.49 0.07 0.24 0.06 0.09 0.07 -0.21 0.05 -0.29 1.42 1.13 0.57 -0.61 CSA IR

MINELAB 0.63 0.37 0.58 0.79 0.41 0.50 <0.10 bld <0.10 bld <0.10 bld <0.10 bld <0.10 bld 1.36 0.10 0.62 1.09 CSA,FUS IR

MINELAB 0.66 1.28 0.60 1.39 0.44 1.72 0.08 1.12 0.09 1.63 0.08 1.35 0.10 1.46 0.08 1.69 1.38 0.44 0.64 1.77 CSA IR

MINELAB 0.66 1.28 0.59 1.09 0.43 1.31 0.07 0.49 0.06 -0.45 0.07 0.72 0.07 -0.21 0.05 -0.29 1.44 1.47 0.63 1.43 CSA IR

MINELAB 0.64 0.67 0.54 -0.40 0.42 0.90 0.06 -0.14 0.06 -0.45 0.06 0.09 0.06 -0.76 0.06 0.37 1.34 -0.25 0.66 2.45 CSA IR

MINELAB 0.51 -3.00 0.50 -1.59 0.36 -1.54 0.05 -0.96 0.05 -1.22 0.04 -1.16 0.05 -1.15 0.04 -0.89 1.24 -1.97 0.54 -1.63 CSA IR

MINELAB 0.61 -0.24 0.55 -0.10 0.39 -0.32 0.04 -1.40 0.04 -1.84 0.03 -1.79 0.05 -1.31 0.04 -0.96 1.38 0.44 0.59 0.07 CSA IR

MINELAB 0.87 3.00 0.78 3.00 0.54 3.00 0.07 0.49 0.07 0.24 0.07 0.41 0.08 0.35 0.07 0.70 1.84 3.00 0.85 3.00 CSA IR

MINELAB 0.60 -0.54 0.55 -0.10 0.41 0.50 0.11 3.00 0.12 3.00 0.11 3.00 0.11 1.79 1.38 3.00 0.11 -3.00 0.62 1.09 CSA IR

MINELAB 0.58 -1.15 0.52 -0.99 0.38 -0.72 0.07 0.49 0.08 0.93 0.07 0.72 0.08 0.35 0.06 0.37 1.36 0.10 0.56 -0.95 CSA IR

MINELAB 0.62 0.07 0.56 0.20 0.40 0.09 0.05 -0.77 0.06 -0.45 0.05 -0.54 0.06 -0.76 0.05 -0.29 1.42 1.13 0.62 1.09 CSA IR

MINELAB 0.61 -0.18 0.56 0.26 0.40 -0.07 0.07 0.61 0.07 0.24 0.06 0.22 0.08 0.13 0.06 0.17 1.33 -0.42 0.60 0.34 CSA IR

Highlighted values are outliers which are assigned a z-score of -3.00 or 3.00 in the standardised values.

Method Reading

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Carbon Assay - Mean of Absolute Standardized Values - April 2020 Carbon Assay - Mean of Standardized Values - April 2020

Standard Deviations Standard Deviations

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

-3 -2 -1 0 1 2 30 1 2

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

COMLAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

MINELAB

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MINELAB

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BV ONTARIO - NEUTRON ACTIVATION ANALYSIS REPORT

NAA Results - Gold and Base Metals

G320-1 G320-2 G320-3 G320-4 G320-5 G320-6 G320-7 G320-8 G320-9 G320-10 GLG320-1 GLG320-2 GLG320-3 GLG320-4 GLG320-5 GBM320-1 GBM320-2 GBM320-3 GBM320-4 GBM320-5 GBM320-6 GBM320-7 GBM320-8 GBM320-9 GBM320-10 GBM320-11 GBM320-12 GBM320-13 GBM320-14 GBM320-15 GBM320-16

Sb ppm 8 0.6 2.1 <0.2 <0.2 <0.2 <0.2 <0.2 0.9 <0.2 <0.1 0.8 0.7 <0.2 0.8 58.1 110 553 10.8 <0.2 <0.2 2.2 0.6 31.1 29.4 <0.8 0.5 524 2.2 9.9 0.3

As ppm 10.6 14.2 135 5.6 <0.5 <0.5 0.6 <0.5 2.6 <0.5 <0.5 <0.8 <0.5 <0.5 <0.5 700 46 331 33 1.3 1.7 1.2 1.3 460 146 1520 664 63 104 64.1 7

Ba ppm 373 951 255 219 421 365 423 359 373 316 431 440 349 211 386 1390 1920 6040 1510 669 506 649 668 310 517 348 466 <100 <100 <100 <100

Br ppm <2 3 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 <2 3 5 3 3 <2 <2 <2 <2 4 <2 7 <2

Cd ppm <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 838 82 857 <10

Ce ppm 15 104 38 35 43 42 43 43 40 37 38 45 40 45 43 <5 5 9 <5 44 60 59 61 45 49 65 87 22 5 34 13

Cs ppm <2 <2 2 3 2 <2 <2 <2 <2 <2 <2 2 <2 <2 3 <2 <2 <2 <2 3 <2 3 <2 5 <2 3 2 5 <2 9 19

Cr ppm 68 116 5270 2970 102 99.8 101 100 105 102 108 67 88 24 112 38 <20 1440 2030 21 24 25 28 662 330 126 146 104 18 38 146

Co ppm 6 10 55 43 23 23 23 22 25 24 23 24 35 41 43 7.3 4.1 60 54 58 38 75 32 59 47 554 304 80 309 7 58

Eu ppm 0.1 0.9 0.6 1.3 1.2 1.3 0.9 1 1.1 1 1.1 1 1.4 2.1 1.3 <0.5 <0.5 <0.5 <0.5 <0.5 0.7 0.6 0.6 1 1.3 0.8 0.9 1.2 <0.5 4.7 0.8

Au ppb 55236 1358 1066 195 1190 2589 6463 12763 2095 673 353 71 56 <2 54 262 3850 14.6 22 16.1 16.7 40.6 52.9 3450 2880 3460 13500 595 186 561 820

Hf ppm 8 11 5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 6 <5 <5 8 <5 <5 <5 <5 <5 <5 6 5 6 9 <5 <5 <5 <5

Ir ppb <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50 <50

Fe % 1.9 11.9 7.4 7.3 5.5 5.5 5.4 5.3 5.4 5.3 5.4 6.1 8.8 10.7 5.9 43.6 1 5.1 4.5 4.3 4.3 4.8 4.1 7.7 6.8 20.7 11.5 3.8 23.5 1.6 4.4

La ppm 9 43 17 15 20 20 20 20 19 18 18 22 17 18 20 3 3 3 <2 23 34 32 33 19 24 30 39 6 4 16 5

Lu ppm <0.2 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.4 <0.2 <0.2 <0.2 <0.2 0.2 0.2 <0.2 <0.2 0.4 0.4 0.4 0.5 <0.2 <0.2 <0.2 0.2

Mo ppm 419 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 25 42 88 76 <10 12 <10 <10 <10 <10 13 <10

Ni ppm <20 <20 578 266 28 32 27 29 25 30 25 28 40 45 56 28 <20 860 740 20 22 20 20 270 580 247 143 64 505 44 40000

Rb ppm 19 46 96 78 89 100 93 83 97 75 91 107 69 55 112 <20 <20 <20 <20 107 53 60 54 161 110 55 129 29 <20 49 674

Sm ppm 1.6 5.2 3.5 4.7 4.8 4.8 4.8 4.7 4.6 4.5 4.6 4.8 5.6 6.7 4.6 0.6 0.3 0.7 0.2 2.7 3.1 3.1 3 4.6 5 5.4 6.9 1.5 0.8 3.3 2.7

Sc ppm 3.6 14.3 12 22 18.6 18.4 18.5 18.1 18.8 18.5 18.8 19.9 27.4 31.3 19.8 4.1 2.2 9.4 3.6 4.2 4.9 4.5 4.7 19.5 17.9 7.5 8.9 5.5 2.2 6 16.1

Se ppm <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 <10 567 <10 <10

Ag ppm 13 <5 <5 <5 <5 <5 <5 9 7 <5 <5 <5 <5 <5 <5 <5 27 11 <5 <5 <5 <5 <5 7 6.7 6 8.6 48 11 62 5

Na % 0.314 0.936 1.71 2.16 2.38 2.36 2.37 2.31 2.36 2.36 2.43 2.5 2.27 2.11 2.45 0.0645 0.112 0.0497 0.0471 2.53 3.4 2.63 2.7 1.56 2.02 0.482 0.433 0.113 0.0526 0.0889 1.73

Ta ppm <2 <2 <2 <2 2 2 2 <2 2 <2 2 <2 <2 <2 2 <2 <2 <2 <2 2 2 2 <2 <2 <2 <2 <2 <2 <2 <2 <2

Te ppm 51 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 <20 67 <20 <20

Tb ppm <1 1 <1 <1 <1 <1 1 1 1 1 <1 1 1 1 1 <1 <1 <1 <1 <1 1 <1 <1 1 1 <1 1 <1 1 <1 <1

Th ppm 2.5 75.8 11.1 7.9 14.2 14.1 14.7 13.7 12.4 11.9 12 14.5 7.7 5.6 13.3 1.9 1.5 <0.5 <0.5 8.7 9 9.7 10.1 9.2 14.5 18.6 20 2.1 0.9 6.2 0.8

Sn ppm <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200

W ppm 1520 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 <5 7 20 6 40 6 20 22 13 <5 <5 <5

U ppm <2 9 6 5 7 7 7 7 7 7 7 8 4 3 6 2 2 <1 <1 3 5 4 5 3 6 6 5 <2 1 5 <1

Yb ppm 0.5 1.6 2.2 2.9 2.9 2.8 3 2.8 2.8 2.8 2.7 2.9 3.3 4.2 2.7 <0.5 <0.5 <0.5 <0.5 1.1 1.5 1 1 2.8 2.3 2.9 3.4 <0.5 <0.5 1.3 1.5

Zn ppm 208 <200 572 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 <200 520 <200 270 <200 <200 <200 <200 <200 600 1150 <200 <200 192000 23000 183000 <200

Zr ppm <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500 <500

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International Laboratory Round RobinApril 2020

SUMMARY REPORT OF INDIVIDUAL LABORATORY PERFORMANCE

Zarazma Minerals Studies Company

GOLD SAMPLES

Analysis Samples Sent Reported Number of Outliers

Fire Assay Yes (10) Yes 0

Aqua Regia Yes (10) No -

Low Level Yes (5) Yes 0

Au & Ag IN CARBON SAMPLES

The laboratory were not sent any samples for Au & Ag in carbon analysis.

Analysis Reported Number of Outliers

Gold - -

Silver - -

BASE METAL SAMPLES

10 Base Metal samples were sent to the laboratory for analysis by Total and / or Partial methods.

Total Digest Partial Digest

Analysis Reported Number of Outliers Reported Number of Outliers

Silver Yes 0 No -

Copper Yes 2 No -

Lead Yes 0 No -

Zinc Yes 1 No -

Nickel Yes 1 No -

Arsenic No - Yes 0

Cobalt Yes 0 No -

ORE GRADE BASE METAL SAMPLES

6 Ore Grade Base Metal samples were sent to the laboratory for analysis. Charts

Analysis Reported Number of Outliers

Copper Yes 0

Lead Yes 0

Zinc Yes 0

Nickel Yes 0

Silver Yes 0

Sulphur Yes 0

SULPHUR SAMPLESThe laboratory were not sent any Sulphur samples for analysis.

Analysis Reported Number of Outliers

Sulphur - -

Carbon - -

ERROR GRAPHS

FURTHER INFORMATION

Lab Abbreviation - ZARAZMA TEHRAN Page 56

To discuss this report, please contact us on +618 9314 2566, or [email protected]

The samples analysed in this survey are available for purchase. Please contact us or visit www.geostats.com.au for a

complete listing of available materials.

Geostats Pty LtdSummary Report

0 1 2

Aqua Regia

Low Level Gold

BM-Silver (Total)

BM-Copper (Total)

BM-Lead (Total)

BM-Zinc (Total)

BM-Nickel (Total)

BM-Arsenic (Partial)

BM-Cobalt (Total)

OGBM-Copper

OGBM-Lead

OGBM-Zinc

OGBM-Nickel

OGBM-Silver

OGBM-Sulphur

Standard Deviations

Mean of Absolute Standardized Values April 2020 October 2019

.

-3 -2 -1 0 1 2 3

Aqua Regia

Low Level Gold

BM-Silver (Total)

BM-Copper (Total)

BM-Lead (Total)

BM-Zinc (Total)

BM-Nickel (Total)

BM-Arsenic (Partial)

BM-Cobalt (Total)

OGBM-Copper

OGBM-Lead

OGBM-Zinc

OGBM-Nickel

OGBM-Silver

OGBM-Sulphur

Standard Deviations

Mean of Standardized Values April 2020 October 2019