Avira Resources : Commences Follow-up Ground Based Exploration Program

2 November 2020

The Manager

Market Announcements Office

Level 40, Central Park

152-158 St Georges Terrace

PERTH WA 6000

AVIRA COMMENCES FOLLOW-UP GROUND BASED EXPLORATION

PROGRAM IN THE PATERSON RANGE

HIGHLIGHTS

• Data analysis and interpretation completed on initial exploration results.
• Priority 1 targets prospective for base metal sulphide mineralisation.
• Field crew mobilised to commence the second program of ground based exploration on priority 1 targets.
• Program consists of refined geological mapping, targeted geo-chem sampling and a ground based fixed and moving loop EM survey.
• Program designed to delineate priority RC drill targets in priority 1 areas.

Figure 1. Location of Avira's Paterson Range projects

Avira Resources Limited (ASX: AVW) (Avira or the Company), advises that it has now completed analysis and interpretation of date collected from its most recent ground based and airborne exploration programs and has now mobilised a field team to complete the second phase of its planned ground based activities prior to commencement of anticipated drill program.

Avira Resources Limited

Suite 9, Level 2, 330 Churchill Avenue Subiaco WA 6008 Australia

1. 61 8 6489 1600 F: 61 8 6489 1601 www.aviraresourcesltd.com.au ABN: 38 131 715 645

This second phase of ground based exploration is designed to delineate priority RC drill targets within the areas of interest. The program consists of refined geological mapping, targeted geo-chem sampling and a ground based fixed and moving loop EM survey based on results from the recently completed high-resolution helicopter borne Xcitetm electromagnetic and magnetic survey flown over both project areas.

The recent EM survey has significantly improved the resolution of magnetic data over the project and has highlighted a significant NE trending structural feature (Pipeline Target) on E45/5772 which has coincident mid to late time conductors and magnetic anomalism (figure 2).

The Pipeline Target is interpreted to be caused by magnetic and conductive minerals within a NE trending fault structure. The conductive mineral is thought to most likely be pyrrhotite a magnetic sulphide that can explain coincident magnetic and EM anomalies. Pyrrhotite is known to be associated with base metal sulphide mineralisation at other base metal prospects within the Paterson province and on this basis.

Avira considers that the Pipeline and Gwardar targets are prospective for base metal sulphide mineralisation.

Figure 2. Conductivity response over E45/5572 and Avira Resources interpreted targets

Avira Resources Limited

Suite 9, Level 2, 330 Churchill Avenue Subiaco WA 6008 Australia

1. 61 8 6489 1600 F: 61 8 6489 1601 www.aviraresourcesltd.com.au ABN: 38 131 715 645

For, and on behalf of, the Board of the Company, and authorised for release.

David Deloub	Investor Relations/Media Contact
Executive Director	Sarah Lenard - Advisir
Avira Resource Limited	Telephone: [phone]
	Email: [e-mail]

Shareholders and other interested parties can speak to Mr Sonu Cheema if they have any queries in relation to this announcement: [phone].

-ENDS-

Forward looking statements

This announcement contains forward-looking statements which are identified by words such as 'may', 'could', 'believes', 'estimates', 'targets', 'expects', or 'intends' and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and our management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this prospectus will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. We have no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. These forward looking statements are subject to various risk factors that could cause our actual results to differ materially from the results expressed or anticipated in these statements.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Roland Gotthard. Mr Gotthard is a consultant geologist for AVW and a member of the Australian Institute of Mining and Metallurgy. Mr Gotthard has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code"). Mr Gotthard consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

About Avira Resources Limited

Avira Resources (AVW)is an ASX listed mining exploration company which currently holds two tenement packages within the Paterson Range province which is host to a number of substantial gold, copper and manganese mines and deposits, including the Telfer gold-copper mine. Subsequent significant recent discoveries made by Rio Tinto (Winu project) and the Newcrest- Greatland Gold JV (Havieron project) has reinvigorated interest in the province. The Avira projects are situated in the Yeneena basin sedimentary rock formation that hosts both the Nifty and Maroochydore copper deposits and the Woody Woody Manganese mine.

J O R C C O D E , 2 0 1 2 E D I T I O N

• SECTION 1 SAMPLING TECHNIQUES AND DATA (Criteria in this section apply to all succeeding sections.)

Criteria		JORC Code explanation		Commentary
• Sampling		• Nature and quality of sampling (e.g. cut		• XCite airborne electromagnetic and
techniques		channels, random chips, or specific		magnetic survey
		specialised industry standard measurement		• The survey was conducted at a mean
		tools appropriate to the minerals under		terrain clearance of 35 metres using a
		investigation, such as down hole gamma		helicopter towed array
		sondes, or handheld XRF instruments, etc).
			transmitter/receiver loop.
		These examples should not be taken as
			• Magnetic data was captured using a
		limiting the broad meaning of sampling.
			magnetometer with a mean terrain
		• Include reference to measures taken to
			clearance of 60 metres, and digital
				Avira Resources Limited
		Suite 9, Level 2, 330 Churchill Avenue Subiaco WA 6008 Australia
		T: 61 8 6489 1600 F: 61 8 6489 1601 www.aviraresourcesltd.com.au
				ABN: 38 131 715 645

Criteria

JORC Code explanation

Commentary

ensure sample representivity and the

elevation data collected. Line spacing

appropriate

calibration

of

any

was 200 metres.

measurement tools or systems used.

• Both Xcite surveys were flown with 200

• Aspects

of

the

determination

of

metre line spacing on a bearing of 900

mineralisation that are Material to the

- 2700. The Throssel tenement survey

Public Report.

consisted of 148 flight lines for a total of

• In cases where 'industry standard' work has

608 km covering an area of

been done this would be relatively simple

approximately 100 km2. The Mt.

(e.g. 'reverse circulation drilling was used to

Macpherson tenement survey

obtain 1 m samples from which 3 kg was

consisted of 139 lines for a total of 707

pulverised to produce a 30 g charge for fire

km covering an area of approximately

assay'). In other cases, more explanation

130 km2

may be required, such as where there is

• Soil samples were collected as 100-

coarse gold

that has

inherent sampling

200g of +0.4mm/ -2mm

problems.

Unusual

commodities

or

mineralisation

types

(e.g.

submarine

nodules) may warrant disclosure of

detailed information.

Drilling techniques

• Drill type

(e.g. core,

reverse

circulation,

•

N/A

open-hole hammer, rotary air blast, auger,

Bangka, sonic, etc) and details (e.g. core

diameter, triple or standard tube, depth of

diamond tails, face-sampling bit or other

type, whether core is oriented and if so, by

what method, etc).

Drill

sample

• Method of recording and assessing core

•

N/A

recovery

and chip sample recoveries and results

assessed.

•

Measures taken to maximise sample

recovery and ensure representative nature

of the samples.

•

Whether a relationship exists between

sample recovery and grade and whether

sample bias may have occurred due to

preferential

loss/gain

of

fine/coarse

material.

Logging

• Whether core and chip samples have been

•

N/A

geologically and geotechnically logged to

a level of detail to support appropriate

Mineral Resource estimation, mining studies

and metallurgical studies.

• Whether

logging

is

qualitative

or

quantitative in nature. Core (or costean,

channel, etc) photography.

• The total length and percentage of the

relevant intersections logged.

• Sub-sampling

•

If core, whether cut or sawn and whether

• Soil samples had duplicates performed

techniques

quarter, half or all core taken.

every 20 samples in the field

and

sample

•

If non-core, whether riffled, tube sampled,

• Soil samples appear to be appropriate

preparation

rotary split, etc and whether sampled wet

to the material and regolith in the area

or dry.

• Samples were analysed by AR10/MS 33

• For all sample types, the nature, quality and

elements + Au method at Intertek

appropriateness of the sample preparation

Laboratories, Perth

technique.

• Quality control procedures adopted for all
  sub-sampling stages to maximise representivity of samples.
• Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

Avira Resources Limited

Suite 9, Level 2, 330 Churchill Avenue Subiaco WA 6008 Australia

1. 61 8 6489 1600 F: 61 8 6489 1601 www.aviraresourcesltd.com.au ABN: 38 131 715 645