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Apollo Consolidated Ltd.

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Summary

Project:

Rebecca

Deposit:Rebecca
Location:Australia
Commodities:Gold
Date:2/10/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:10-2-2020: Apollo Consolidated Ltd. announces a Resource Estimation report for its Rebecca deposit at the Rebecca project. Initial mineral resource for project. Apollo Consolidated Limited (ASX: AOP) is pleased to report maiden Mineral Resource estimates
Resources:(Resource, I+I): 27.1Mt @ 1.2g/t Au at project
CP/QP:[Resources]: Brian Wolfe (Independent)
ABSTRACT:Apollo Consolidated Limited (ASX: AOP) is pleased to report maiden Mineral Resource estimates at the 100% owned Lake Rebecca Gold Project. Apollo is pleased to advise that the Company’s ongoing exploration efforts have delivered an important milestone at the Lake Rebecca Gold Project, located 150km ENE of Kalgoorlie, with Maiden JORC 2012 Mineral Resource estimates completed for each of the three identified gold deposits (Rebecca, Duchess and Duke). The independently calculated combined Mineral Resource estimate amounts to 27.1 million tonnes at 1.2g/t Au for a total 1.035 million ounces of gold, 53% of which is at Indicated status. Importantly the Company has considered high-level economic implications and has reported Mineral Resources at a 0.5g/t Au cut-off & only those gold ounces constrained within A$2,250/oz optimised pit shells (Table 1). The Rebecca and Duchess mineralised systems are supplemented by a significant low-grade halo that has added volume and contributed to an overall geometry with characteristics suitable for bulk tonnage open pit mining. Importantly the Rebecca deposit (Figure 1) which contributes 75% of the total Mineral Resource has been drilled to a moderate level of confidence with 550,000oz (71%) of that Mineral Resource reported at Indicated Resource status.

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