Bardoc Gold : Latest drilling extends Mayday North

23 JULY 2020

ASX/MEDIA RELEASE

LATEST DRILLING SUCCESS EXTENDS MAYDAY NORTH DEPOSIT AND IDENTIFIES POTENTIAL NEW MINERALISED CORRIDOR

NEW RESULTS HIGHLIGHT POTENTIAL STRIKE EXTENSIONS TO CURRENT 79KOZ

RESOURCE

Key Points:

• Down-plungeextension at Mayday North confirms and adds confidence to the geological interpretation:
• • 30m @ 1.42g/t Au from 161m including 14m @ 2.13g/t Au from 161m in MNC200038
• New result is 40m down-plunge from previously reported intercept of 13m @ 2.29g/t from 124m in MNC200002 (ASX announcement, 25 February 2020).
• Significant anomalous gold intersected in two holes drilled to test exploration targets generated from the recently completed GAIP survey, 350m west of the current Resource:
• • 7m @ 1.01g/t Au from 135m in MNC200025
  • 69m @ 0.26g/t Au from 47m in MNC200030
• Potential new mineralized corridor represents a strong target for follow-up drilling.
• RC drilling currently underway at the Excelsior Deposit, with Aphrodite to follow.
• Detailed geological work ongoing at Aphrodite, North Kanowna Star and the Bardoc Tectonic Zone.
• Geotechnical core drilling scheduled to commence at Excelsior late this week

Bardoc Gold Limited (ASX: BDC, Bardoc or the Company) is pleased to advise that recent Reverse Circulation drilling at the Mayday North Deposit, part of the Company's 100%-owned3.02Moz Bardoc Gold Project located 40km north of Kalgoorlie in WA, has intersected further broad zones of gold mineralisation and returned promising results from early exploration drilling outside of the main deposit.

The latest assay results strengthen confidence in and confirm the geological interpretation of the Mayday North Deposit, highlighting the potential for a significant down-plunge extension of the current 79koz Resource. Further drilling is required to define possible northern extensions and the down-plunge mineralisation.

Exploration drilling has also successfully intersected a significant zone of anomalous gold on a new trend to the west of the historical Mayday North open pit, providing a strong target for future follow-up drilling.

Bardoc Gold Limited | ABN 40 125 578 743

130 Stirling Highway, North Fremantle WA 6159 | Locked Bag 4, North Fremantle WA 6159 | Australia Tel [phone] | Fax [phone]

www.bardocgold.com

MAYDAY NORTH RESOURCE EXTENSION

Drilling at the 100%-owned, 79koz Mayday North Deposit was undertaken to target a possible down-plunge extension of the main mineralised zone. It was successful and intersected:

• 30m @ 1.42g/t Au from 161m including 14m @ 2.13g/t Au from161m in MNC200038

Significantly, this new intercept is 40m below the previously reported intercept of:

• 13m @ 2.29g/t Au from 124m in MNC200002 (ASX announcement 25 February 2020)

This increase in the width of the deposit is real and is seen in other areas of the main ore body. The gold mineralisation is best developed on a felsic/basalt contact and follows a coarse brecciated zone while the broader mineralisation is associated with steeper north-south mineralised structures.

Detailed work is ongoing using geochemical data to better understand the broad geochemical signature of the mineralisation.

Once defined, this signature can be used for exploration over the Mayday North project area.

Figure 1. Mayday North drill-hole location plan.

Page 2 of 16

Figure 2. Mayday North Cross-Section 631180mN, looking north.

Page 3 of 16

MANAGEMENT COMMENTS

Bardoc Gold's Chief Executive Officer, Mr Robert Ryan, said the recent drilling success at Mayday North continues to show the potential for further growth at this important satellite deposit:

"The latest drilling results have once again extended the strike of the resource to the north, highlighting the excellent potential for northern and down-plunge extensions of the deposit. This will be tested with further drilling."

"The recent RC program has provided an intriguing anomaly located just 350m to the west of the current 79koz resource. Intersecting broad zones of anomalous gold mineralisation associated with the GAIP surveys target areas in our very first round of regional drilling is extremely encouraging. We will now look to determine the mineralisation, geochemical and structural controls for future drill targeting as part of our ongoing 40,000m exploration program."

MAYDAY NORTH GEOLOGY AND EXPLORATION

While Mayday North is not a "blind" ore body with no near surface grade or geological expression, it is a challenging and complex region to explore. This is due to the presence of a deep and extremely depleted weathered zone above the top of fresh rock together with complex geology.

Figure 4 shows how traditional drilling systems such as RAB (rotary air blast) techniques struggle to reach true fresh rock and the recent deeper RC drilling of the GAIP anomaly by Bardoc Gold intersected significant gold below RAB holes that reported nil gold.

The Company pursues a philosophy of applying science to its projects to better understand the controls of the mineralisation. Increased scientific application has its reward in reducing the number of wasted drill holes, achieving better ranking of exploration targets and increasing confidence in ore resource classification.

With the correct application of trace element geochemistry, collected by ongoing pXRF sampling, the Company's geological team is able to expand the mineralised gold halo search area using specific (unique to Mayday North) pathfinder elements, as well as better defining the geology of the system. The multi-element exploration geochemical model is being developed from the mineralisation found at the Mayday North Deposit.

To advance exploration using geochemistry, the Company has used highly experienced and skilled personnel to collect the freshest chips from drill holes completed from the late 1980s onwards.

While this collection phase may appear to be a simple process, the passage of time has seen the growth of vegetation obscure the drill holes and historical holes can be up to 20-30m from where they are expected to be as surveying methods were not as accurate before GPS came into common usage.

By going back and re-sampling the historical drilling, rock samples can be studied using modern techniques, without having to drill additional holes. These samples can then be analysed and used in the ongoing evolution and refinement of the geological and exploration model.

At Mayday North, higher-grade mineralisation is located on a basal breccia on what is interpreted to be the lower surface of the felsic volcanic unit. This is significant as it appears that this contact is overturned to the west of the open pit at the new prospect, just 350m away from the main lode.

The existing airborne magnetic data in this region is quite wide spaced at 200m flight line intervals. To assist with the exploration of the Mayday North project area, our geologists worked with consultant geophysicists Resource Potentials, who have expertise in using geophysical techniques to explore for blind mineral deposits.

The use of geological and geophysical expertise led to the decision to undertake a gradient array induced polarisation (GAIP) survey to detect chargeable and resistive areas of the near-surface geology over the project area.

The GAIP survey has defined areas of chargeability, resistivity and conductivity that may be associated with mineralised zones. The Company is in the process of using this data to update the geological and exploration models to guide ongoing drilling and exploration programs at Mayday North.

Page 4 of 16

GEOPHYSICAL SURVEY

The Company chose to conduct a GAIP survey over the main areas of Mayday North to enable mapping of resistive and chargeable units of rock. These features are commonly related to hydrothermal changes (i.e. gold mineralisation events) in the Eastern Goldfields. The survey has successfully identified:

• Resistive units from the survey indicate potential silicification and quartz veining which is known to commonly occur with gold mineralisation; and
• Chargeable units are potentially associated with sulphide minerals, pyrite and arsenopyrite which are known to commonly occur with gold mineralisation and are present at the Mayday North Deposit.

This GAIP survey has been successful and has delineated areas of resistive and chargeable units. This new GAIP data has highlighted structures not previously observed in airborne magnetic data and is being used to update the geological interpretation and targets for drilling. This survey covered an area of 2km2 with a spacing of 100m between lines and 50m along the line.

GAIP surveys can map out what appears to be only minor alteration in the rocks and, as such, is an excellent tool for mapping prospective units. Figure 3 shows areas targeted for further exploration generated from the combination of GAIP, airborne magnetics, geochemistry and geology.

Figure 3. Exploration target areas with resistivity and conductivity.

Page 5 of 16

To date only two lines of drilling have been completed to commence exploration of the Mayday North Project area. Both lines targeted chargeable units from the GAIP survey and intersected gold.

The best results were:

•

•

7m @ 1.01g/t Au from 135m in MNC200025

69m @ 0.26g/t Au from 47m in MNC200030

Both holes are significant. They have established a previously unknown gold trend just 350m to the west of the existing open pit and require follow-up work. Importantly, the intersection in MNC200025 looks the same and is geologically similar to the main mineralisation at Mayday North, with the same alteration and sulphide mineralisation.

As noted above, there is a strong depletion zone in the weathering profile at the Mayday North Project area.

Figure 4 shows this depletion and demonstrates the inability for RAB drilling to fully test for mineralisation as it has not been able to penetrate close to the top of fresh rock and there is no anomalous gold in the historical RAB holes directly above significant gold located in MNC200030.

Deeper drilling will be required to fully test the target areas.

Figure 4. Mayday North Cross-Section 6630960mN, looking north. Note the total lack of anomalous gold in

historical drilling.

Page 6 of 16

Figure 5. Bardoc Gold Project, tenement location plan.

NEXT STEPS

•

•

•

RC drilling underway at the Excelsior and Aphrodite Deposits.

Geotechnical core drilling at Excelsior scheduled to commence late this week.

Air-core drilling is ongoing near the Bardoc office area, with lines of holes focused on exploration and sterilisation areas for the future mill and tailings dam locations.

BARDOC GOLD PROJECT - BACKGROUND

The Bardoc Gold Project was formed in October 2018 following completion of the merger between Excelsior Gold and Spitfire Materials, bringing together significant resources and excellent potential for growth. The Bardoc Gold Project runs contiguously north for 40km in the Eastern Goldfields. There are four main deposits and a multitude of smaller projects within the 250km2 land-holding, providing a large Resource base and excellent exploration potential within the prolific Norseman-Wiluna greenstone belt and junction of the Bardoc Tectonic Zone (BTZ) and the Black Flag Fault (BFF).

These two deep-seated crustal structures host many multi-million-ounce deposits, including the world- renowned Golden Mile in Kalgoorlie.

Page 7 of 16

GLOBAL RESOURCE - BARDOC GOLD PROJECT

			MEASURED	INDICATED	INFERRED		TOTAL RESOURCES	Original
		Cut-Off		ASX
Deposit	Type
(g/t Au)													Report
		Tonnes	Grade	Ounces	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces	Tonnes	Grade	Ounces
			(,000t)	(g/t Au)	(,000oz)	(,000t)	(g/t Au)	(,000oz)	(,000t)	(g/t Au)	(,000oz)	(,000t)	(g/t Au)	(,000oz)	Date
Aphrodite	OP	0.4	-	-	-	11,622	1.7	619	6,676	1.4	298	18,288	1.6	916	22/5/18
Aphrodite	UG	2.0	-	-	-	3,458	3.9	436	2,391	4.3	330	5,848	4.1	765
Aphrodite	TOTAL		-	-	-	15,080	2.2	1,055	9,067	2.2	628	24,136	2.2	1,681
Zoroastrian	OP	0.4	-	-	-	3,862	1.8	229	1,835	1.5	89	5,698	1.7	318	22/5/18
Zoroastrian	UG	2.0	-	-	-	580	4.4	82	823	4.3	114	1,403	4.4	197
Zoroastrian	TOTAL		-	-	-	4,442	2.2	311	2,658	2.4	203	7,101	2.3	515
Excelsior	OP	0.4	-	-	-	6,729	1.2	266	1,749	1.0	54	8,478	1.2	320
Mulwarrie	OP	0.5	-	-	-	-	-	-	881	2.8	79	881	2.8	79	13/11/18
Mayday North	OP	0.5	-	-	-	-	-	-	1,410	1.7	79	1,410	1.7	79
Bulletin South	OP	0.4	152	2.2	11	546	2.1	36	150	2.1	10	849	2.1	57
Duke North	OP	0.4	-	-	-	851	1.0	28	795	1.0	25	1,646	1.0	53
Talbot North	OP	0.4	-	-	-	698	1.8	40	123	1.8	7	820	1.8	47
North Kanowna Star	OP	0.5	-	-	-	-	-	-	716	1.4	32	716	1.4	32
Lochinvar	OP	0.4	-	-	-	423	1.8	24	57	1.6	3	480	1.7	27	19/2/14
Nerrin Nerrin	OP	0.5	-	-	-	-	-	-	651	1.3	26	651	1.3	26
Vettersburg South	OP	0.6	-	-	-	-	-	-	552	1.5	26	552	1.5	26	11/12/13
El Dorado	OP	0.5	-	-	-	-	-	-	471	1.5	23	471	1.5	23
South Castlereagh	OP	0.5	-	-	-	111	1.6	6	369	1.3	15	481	1.4	21
Windanya	OP	0.6	-	-	-	-	-	-	360	1.5	17	360	1.5	17	11/12/13
Grafters	OP	0.5	-	-	-	-	-	-	319	1.3	14	319	1.3	14
Ophir	OP	0.6	-	-	-	-	-	-	75	1.9	5	75	1.9	5	11/12/13
TOTAL RESOURCES		152	2.3	11	28,880	1.9	1,766	20,403	1.9	1,247	49,426	1.9	3,022

Note: Differences may occur due to rounding. Full details of the Mineral Resource estimate were provided in the Company's ASX Announcement dated 30 September 2019.

GLOBAL RESERVE - BARDOC GOLD PROJECT

PROJECT		PROBABLE			TOTAL
Tonnes (kt)	Grade (g/t)	Gold (koz)	Tonnes (kt)	Grade (g/t)	Gold (koz)
Excelsior OP	3,540	1.4	160	3,540	1.4	160
Zoroastrian OP	350	1.9	20	350	1.9	20
Aphrodite OP	2,830	2.3	210	2,830	2.3	210
Bulletin OP	520	2.0	30	520	2.0	30
Zoroastrian UG	810	3.2	80	810	3.2	80
Aphrodite UG	2,380	3.7	290	2,380	3.7	290
TOTAL	10,430	2.4	790	10,430	2.4	790

Page 8 of 16

Figure 6: Project Location Plan

DISCLAIMERS AND FORWARD-LOOKING STATEMENTS

This announcement contains forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as "seek", "target", "anticipate", "forecast", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions.

The forward-looking statements in this announcement are based on current expectations, estimates, forecasts and projections about Bardoc and the industry in which they operate. They do, however, relate to future matters and are subject to various inherent risks and uncertainties. Actual events or results may differ materially from the events or results expressed or implied by any forward-looking statements. The past performance of Bardoc is no guarantee of future performance.

None of Bardoc's directors, officers, employees, agents or contractors makes any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward-looking statement. The forward- looking statements in this announcement reflect views held only as at the date of this announcement.

Approved for release by

Robert Ryan

Chief Executive Officer

Page 9 of 16

	For further information contact:
	INVESTORS:		MEDIA:
	Robert Ryan	Bardoc Gold Limited	Nicholas Read	Read Corporate
	Telephone:	[phone]	Telephone:	0419 929 046
	Email:	[e-mail]	Email:	[e-mail]

Competent Person's Statement

Exploration Results

Information in this announcement that relates to exploration results and mineral resources is based on information compiled by Mr. Bradley Toms who is the Exploration Manager of Bardoc Gold Limited. Mr. Toms is a Member of The Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Toms consents to the inclusion in the document of the information in the form and context in which it appears.

Mineral Resources

The Company confirms it is not aware of any new information or data that materially affects the information included in the 30 September 2019 Bardoc Resource Estimate and that all material assumptions and technical parameters underpinning the estimate continue to apply and have not materially changed when referring to its resource announcement made on 30 September 2019.

Ore Reserves - Open Pit & Underground

The information referred to in this announcement has been extracted from the Pre-Feasibility Report and Ore Reserve Statement dated 17 March 2020 and available to view on www.bardocgold.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Ore Reserves Statement and that all material assumptions and technical parameters underpinning the estimates in the Ore Reserves Statement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the Ore Reserves Statement.

Page 10 of 16

Appendix 1

Table 1 - Drill Hole Location Table

Only completed holes, with assay results received, are reported

	Collar East	Collar North			Collar Azi	Maximum
Hole ID	(MGA94-z51) m	(MGA94-z51) m	Collar RL m	Collar Dip0	Magnetic0	Depth (m)
MNC200025	390760	6630740	355	-59.8	272.1	157
MNC200026	390720	6630740	355	-59. 5	273.1	144
MNC200027	390680	6630740	355	-59.7	270.6	126
MNC200028	390620	6630940	356	-59.78	272.0	156
MNC200029	390580	6630940	356	59-.8	269.3	120
MNC200030	390540	6630940	356	-59.8	268.8	120
MNC200031	390500	6630940	356	-49.4	268.1	168
MNC200032	390380	6630980	356	-60.7	270.2	160
MNC200033	390340	6630980	356	-60.2	269.3	160
MNC200034	390300	6630980	356	-60.6	270.9	120
MNC200035	391040	6630860	355	-59.8	271.5	160
MNC200036	391000	6630860	355	-60.3	271.4	120
MNC200037	390960	6630860	355	-60	270.0	120
MNC200038	391012	6631180	355	-60.6	268.2	246

Page 11 of 16

Appendix 2

Table 2 - Significant Intersections >= 1m@ 0.5g/t Au, Intersections >=10grammetres are in bold. Maximum 2m internal downhole dilution. No upper cuts applied. NSA is "No Significant Assay", *=4m composite sample

				Grade
Hole_ID	From (m)	To (m)	Width	g/t Au
MNC200025	135	142	7	1.01
MNC200025	145	148	3	0.78
MNC200026	No significant assay
MNC200027	No significant assay
MNC200028	33	34	1	0.77
MNC200028	53	54	1	1.18
MNC200029	No significant assay
MNC200030	47	116	69	0.26
including	47	48	1	4.53
including	58	61	3	0.86
including	94	95	1	0.51
including	102	104	2	0.63
MNC200031	No significant assay
MNC200032	No significant assay
MNC200033	No significant assay
MNC200034	No significant assay
MNC200035	No significant assay
MNC200036	No significant assay
MNC200037	No significant assay
MNC200038	72	73	1	0.52
MNC200038	161	191	30	1.42
including	161	175	14	2.13
including	183	191	8	1.32
MNC200038	197	200	3	1.39

Page 12 of 16

JORC, 2012 Edition - Tables - Mayday North

1.1 Section 1 Sampling techniques and data

	Criteria	JORC Code explanation			Commentary
	Sampling	• Nature and quality of sampling (e.g. cut	•	The mineralization was primarily sampled by Reverse Circulation (RC) and
	techniques	channels, random chips, or specific specialised		Diamond Core (DC) drilling on nominal 40m x 20m (N x E) grid spacing. The
		industry standard	measurement	tools		holes were generally drilled towards grid east at varying angles to optimally
		appropriate	to	the	minerals	under		intersect the mineralized zones.
		investigation, such as down hole gamma	•	Complete details are un-available for historic drilling.
		sondes, or handheld XRF instruments, etc).	•	BDC RC recovered chip samples were collected and passed through a cone
		These examples should not be taken as limiting		splitter.
		the broad meaning of sampling.		•	To date BDC has not completed any duplicates to support sample
		• Include reference to measures taken to ensure		representivity. However, the sampling and drilling systems when inspected
		sample representivity and the appropriate		were operating in the correct manner.
		calibration of any measurement tools or	•	All BDC RC drilling was sampled on one metre down hole intervals. The
		systems used.						recovered samples were passed through a cone splitter and a nominal 2.5kg
		• Aspects of the determination of mineralisation		- 3.5kg sample was taken to a Kalgoorlie contract laboratory. Samples were
		that are Material to the Public Report. In cases		oven dried, reduced by riffle splitting to 3kg as required and pulverized in a
		where 'industry standard' work has been done		single stage process to 85% passing 75 µm. The sample is then prepared by
		this would be relatively simple (e.g. 'reverse		standard fire assay techniques with a 40g or 50g charge. Approximately
		circulation drilling was used to obtain 1 m		200g of pulp material is returned to BDC for storage and potential assay at
		samples from which 3 kg was pulverised to		a later date. The BDC DC samples are collected at nominated intervals by
		produce a 30 g charge for fire assay'). In other		BDC staff from core that has been cut in half and transported to a Kalgoorlie
		cases more explanation may be required, such		based laboratory. Samples were oven dried, crushed to a nominal 10mm by
		as where there is coarse gold that has inherent		a jaw crusher, reduced by riffle splitting to 3kg as required and pulverized in
		sampling problems. Unusual commodities or		a single stage process to 85% passing 75 µm. The sample is then prepared
		mineralisation types (e.g. submarine nodules)		by standard fire assay techniques with a 40g of 50g charge. Approximately
		may warrant disclosure of detailed		200g of pulp material is returned to EXG for storage and potential assay at
		information.						a later date.
	Drilling	• Drill type (e.g. core, reverse circulation, open-	•	RAB drilling makes up about 50% of the historic drilling and RC the other
	techniques	hole hammer, rotary air blast, auger, Bangka,		50%. There are several campaigns of historic drilling between 1983 and
		sonic, etc) and details (e.g. core diameter, triple		2017. These holes are sometimes without documentation of the rig type
		or standard tube, depth of diamond tails, face-		and capability, core size, sample selection and handling.
		sampling bit or other type, whether core is	•	For BDC drilling, the RC drilling system employed the use of a face sampling
		oriented and if so, by what method, etc).			hammer and a nominal 146mm diameter drill bit.
							•	All BDC drill core is orientated by the drilling contractor with a down the
								hole Ace system. Core diameter is noted in the assay results table for DC
								assay results
	Drill sample	• Method of recording and assessing core and	•	All RC 1m samples are logged for drilling recovery by a visual estimate and
	recovery	chip sample recoveries and results assessed		this information is recorded and stored in the drilling database. At least
								every 10th metre is collected in a plastic bag and these are weighed when
		• Measures taken to maximise sample recovery		they are utilized for the collection of field duplicate samples. All samples
		and ensure representative nature of the		received by the laboratory are weighed with the data collected and stored
		samples					•	in the database.
							The DC samples are orientated, length measured and compared to core
		• Whether a relationship exists between sample		blocks placed in the tray by the drillers, any core loss or other variance from
		recovery and grade and whether sample bias		that expected from the core blocks is logged and recorded in the database.
		may have occurred due to preferential		Sample loss or gain is reviewed on an ongoing basis and feedback given to
		loss/gain of fine/coarse material.		•	the drillers to enable the best representative sample to always be obtained.
							BDC RC samples are visually logged for moisture content, sample recovery
								and contamination. This information is stored in the database. The RC drill
								system utilizes a face sampling hammer which is industry best practice and
								the contractor aims to maximize recovery at all times. RC holes are drilled
								dry whenever practicable to maximize recovery of sample.
							•	The DC drillers use a core barrel and wire line unit to recover the core, they
								aim to recover all core at all times and adjust their drilling methods and
								rates to minimise core loss, i.e. different techniques for broken ground to
								ensure as little core as possible is washed away with drill cuttings.
							•	Study of sample recovery vs gold grade does not show any bias towards
								differing sample recoveries or gold grade. The drilling contractor uses
								standard industry drilling techniques to ensure minimal loss of any size
								fraction.
	Logging	• Whether core and chip samples have been	•	All BDC RC samples are geologically logged directly into hand-held electronic
		geologically and geotechnically logged to a		devices using standard industry software such as Geobank Mobile.
		level of detail to support appropriate Mineral	•	The entire lengths of BDC RC holes are logged on a 1m interval basis, i.e.
		Resource estimation, mining studies and		100% of the drilling is logged, and where no sample is returned due to voids
		metallurgical studies.					(or potentially lost sample) it is logged and recorded as such. Drill core is
		Whether logging is qualitative or quantitative		logged over its entire length and any core loss or voids intersected are
		in nature. Core (or costean, channel, etc)		recorded.
		photography.
								Page 13 of 16

		• The total length and percentage of the relevant	• All DC is logged for core loss, marked into metre intervals, orientated,
		intersections logged.	structurally logged, geotechnically logged and logged with a hand lens with
			the following parameters recorded where observed: weathering, regolith,
			rock type, alteration, mineralization, shearing/foliation and any other
			features that are present
			• All DC is photographed both wet and dry after logging but before cutting.
	Sub-sampling	• If core, whether cut or sawn and whether	• All BDC RC samples are put through a cone splitter and the sample is
	techniques	quarter, half or all core taken.	collected in a unique pre-numbered calico sample bag. The moisture
	and sample	• If non-core, whether riffled, tube sampled,	content of each sample is recorded in the database.
	preparation	rotary split, etc and whether sampled wet or	• BDC Exploration results reported for drill core are half core taken from the
		dry.	right hand side of the core looking down hole. Core is cut with an on-site
		• For all sample types, the nature, quality and	diamond core saw.
		appropriateness of the sample preparation	• The BDC RC samples are sorted, oven dried, the entire sample is pulverized
		technique.	in a one stage process to 85% passing 75 µm. The bulk pulverized sample is
		• Quality control procedures adopted for all sub-	then bagged and approximately 200g extracted by spatula to a numbered
		sampling stages to maximise representivity of	paper bag that is used for the 50g fire assay charge.
		samples.	• The BDC DC samples are oven dried, jaw crushed to nominal <10mm, 3.5kg
		• Measures taken to ensure that the sampling is	is obtained by riffle splitting and the remainder of the coarse reject is
		representative of the in situ material collected,	bagged while the 3.5kg is pulverized in a one stage process to 85% passing
		including for instance results for field	75 µm. The bulk pulverized sample is then bagged and approximately 200g
		duplicate/second-half sampling.	extracted by spatula to a numbered paper bag that is used for a 40g or 50g
		• Whether sample sizes are appropriate to the	fire assay charge.
		grain size of the material being sampled.	• BDC samples submitted to the laboratory are sorted and reconciled against
			the submission documents. BDC inserts blanks and standards with blanks
			submitted in sample number sequence at 1 in 50 and standards submitted
			in sample number sequence at 1 in 20. The laboratory uses their own
			internal standards of 2 duplicates, 2 replicates, 2 standards, and 1 blank per
			50 fire assays. The laboratory also uses barren flushes on the pulveriser.
			• In the field every 10th metre from cone splitter is bagged and placed in order
			on the ground with other samples. This sample is then used for collection of
			field duplicates via riffle splitting, this is yet to occur for the drilling reported
			in this announcement.
			• For DC, no core duplicates (i.e. half core) have been collected or submitted.
			• The sample sizes are considered to be appropriate for the type, style,
			thickness and consistency of mineralization located at this project. The
			sample size is also appropriate for the sampling methodology employed and
			the gold grade ranges returned.
	Quality of	• The nature, quality and appropriateness of the	• BDC has routinely used local Kalgoorlie Certified Laboratories for all sample
	assay data	assaying and laboratory procedures used and	preparation and analysis. The most commonly used laboratories have
	and	whether the technique is considered partial or	been Intertek Genalysis and Bureau Veritas Australia. No complete details
	laboratory	total.	of the sample preparation, analysis or security are available for either the
	tests	• For geophysical tools, spectrometers, handheld	historic RAB/AC, DD or RC drilling results in the database.
		XRF instruments, etc, the parameters used in	• The assay method is designed to measure total gold in the sample. The
		determining the analysis including instrument	laboratory procedures are appropriate for the testing of gold at this project
		make and model, reading times, calibrations	given its mineralization style. The technique involves using a 40g or 50g
		factors applied and their derivation, etc.	sample charge with a lead flux which is decomposed in a furnace with the
		• Nature of quality control procedures adopted	prill being totally digested by 2 acids (HCl and HNO3) before measurement
		(e.g. standards, blanks, duplicates, external	of the gold content by an AA machine.
		laboratory checks) and whether acceptable	• The QC procedures are industry best practice. The laboratories are
		levels of accuracy (i.e. lack of bias) and	accredited and use their own certified reference materials.
		precision have been established.	• BDC submits blanks at the rate of 1 in 50 samples and certified reference
			material standards at the rate of 1 in 20 samples in the normal run of sample
			submission numbers. As part of normal procedures BDC examines all
			standards and blanks to ensure that they are within tolerances. Additionally,
			sample size, grind size and field duplicates are examined to ensure no bias
			to gold grade exists.
	Verification	• The verification of significant intersections by	• BDC's Exploration Manager and Senior Project Geologist have inspected RC
	of sampling	either independent or alternative company	chips in the field and DC in the field and the core yard to verify the
	and assaying	personnel.	correlation of mineralized zones between assay results and
		• The use of twinned holes.	lithology/alteration/mineralization.
		• Documentation of primary data, data entry	• A number of RC holes have also been drilled that confirmed results obtained
		procedures, data verification, data storage	from historical drillholes. No holes have been directly twinned, there are
		(physical and electronic) protocols.	however holes within 10m of each other.
		• Discuss any adjustment to assay data.	• Primary data is sent digitally every 2-3 days from the field to BDC's Database
			Administrator (DBA). The DBA imports the data into the commercially
			available and industry accepted DataShed database software. Assay results
			are merged when received electronically from the laboratory. The
			responsible geologist reviews the data in the database to ensure that it is
			correct and has merged properly and that all data has been received and
			entered. Any variations that are required are recorded permanently in the
			database.
			Page 14 of 16

			• No adjustments or calibrations were made to any assay data used in this
				report.
Location of	• Accuracy and quality of surveys used to locate	• All drill holes have their collar location recorded from a hand held GPS unit.
data points		drill holes (collar and down-hole surveys),		Downhole surveys are completed every 30m downhole. Incomplete down
		trenches, mine workings and other locations		hole surveying information is available for the historic RC or DD drilling.
		used in Mineral Resource estimation	• BDC routinely contracted down hole surveys during the programmes of
	• Specification of the grid system used		exploration drilling for each drill hole completed using either digital
	• Quality and adequacy of topographic control.		electronic multi-shot tool or north seeking gyro, both of which are
				maintained by Contractors to manufacturer specifications. The current drill
				program was downhole surveyed by the drill contractor using north seeking
				gyro.
			• All drill holes and resource estimation use the MGA94, Zone 51 grid system.
			• The topographic data used was obtained from mining activities completed
				in 1999/2000 and it is adequate for the reporting of Exploration Results and
				subsequent Mineral Resource estimates.
Data spacing	•	Data spacing for reporting of Exploration	• The nominal exploration drill spacing is 40m x 40m with many E-W cross-
and		Results.		sections in-filled to 20m across strike.
distribution	• Whether the data spacing and distribution is	• This report is for the reporting of recent exploration drilling. The drill
		sufficient to establish the degree of geological		spacing, spatial distribution and quality of assay results is appropriate for
		and grade continuity appropriate for the		the nature and style of mineralisation being reported.
		Mineral Resource and Ore Reserve estimation	• The majority of RC holes were sampled at 1m, but when this isn't the case,
		procedure(s) and classifications applied.		sample compositing to 4m has been applied.
		Whether sample compositing has been applied.
Orientation	• Whether the orientation of sampling achieves	• The majority of previous drilling is to magnetic west. The bulk of the
of data in		unbiased sampling of possible structures and		mineralized zones are close to perpendicular to this drilling direction.
relation to		the extent to which this is known, considering		The current drilling is oriented towards similar angles in order to intersect
geological		the deposit type.		the lodes in the optimal direction.
structure	•	If the relationship between the drilling	•	No relationship between drilling orientation and sampling bias is
		orientation and the orientation of key		recognised at this time. .
		mineralised structures is considered to have
		introduced a sampling bias, this should be
		assessed and reported if material.
Sample	• The measures taken to ensure sample security.	• RC samples are delivered directly from the field to the Kalgoorlie laboratory
security				by BDC personnel on a daily basis with no detours, the laboratory then
				checks the physically received samples against a BDC generated sample
				submission list and reports back any discrepancies
			• Drill core is transported daily directly from the drill site to BDC's core
				processing facility by BDC personnel with no detours. The core is then placed
				on racks and processed until it requires cutting. BDC use an onsite core saw
				to cut core at the core processing facility. The core is then sampled on site
				and transported directly to the laboratory in Kalgoorlie for assay.
Audits or		The results of any audits or reviews of sampling	• An internal review of sampling techniques and procedures was completed
reviews		techniques and data.		in March 2018. No external or third party audits or reviews have been
				completed.

1.2 Section 2 Reporting of Exploration Results - Mayday North

(Criteria listed in the preceding section also apply to this section.)

	Criteria		JORC Code explanation		Commentary
	Mineral		• Type, reference name/number, location and		• The results reported in this Announcement are on granted Mining tenement
	tenement		ownership including agreements or material		held by GPM Resources Pty Ltd.
	and land		issues with third parties such as joint ventures,	Tenement		Holder	Area (Ha)	Expiry Date
	tenure status		partnerships, overriding royalties, native title		M27/140		GPM Resources Pty Ltd	434.8	01/05/2032
			interests, historical sites, wilderness or national		• At this	time the tenement is in good standing.
			park and environmental settings.		• BDC purchased the tenements from the current holder in November 2019.
			• The security of the tenure held at the time of		(Refer ASX announcement 9 September & 13 November 2019).
			reporting along with any known impediments
				• Production Royalty of $15 per ounce produced from tenements M27/140
			to obtaining a licence to operate in the area.		and M27/102 for the first 50,000 ounces of production.
	Exploration		• Acknowledgment and appraisal of exploration		• Exploration by other parties has been reviewed and is used as a guide to
	done by		by other parties.		BDC's exploration activities. This includes work by North, Aurion Gold and
	other parties				other exploration companies. Previous parties have completed open pit
					mining, geophysical data collection and interpretation, soil sampling and
					drilling.
					• This report comments only on exploration results collected by Bardoc Gold.
	Geology		• Deposit type, geological setting and style of		• Mayday North gold mineralisation is hosted predominantly in a
			mineralisation.		shallowly dipping shear zone that is marked by intense silicification and
					pyrite alteration. Arsenopyrite is also present. The mineralised system
					cross cuts various rock types, predominantly fine grained basalts and
					medium grained felsic volcanics.
								Page 15 of 16

Drill hole	• A summary of all information material to the	• See Table in this announcement
Information	understanding of the exploration results	•	No results from previous un-reported exploration are the subject of this
	including a tabulation of the following		announcement.
	information for all Material drill holes:	•	Easting and Northing define the collar location in MGA94 zone 51 map
	o easting and northing of the drill hole collar		projection. The map projection is a transverse Mercator projection, which

1. elevation or RL (Reduced Level - elevation conforms with the internationally accepted Universal Transverse Mercator

above sea level in metres) of the drill hole

Grid system. Collar elevations are RL's (elevation above sea level)

collar

• Dip is the inclination of the hole from the horizontal (i.e. a vertically down

o dip and azimuth of the hole

drilled hole from the surface is -90°). Azimuth for current drilling is reported

o down hole length and interception depth

in magnetic degrees as the direction toward which the hole is drilled.

o

hole length.

MGA94 and magnetic degrees vary by approximately 1° in this project area

• If the exclusion of this information is justified on

• Down hole length of the hole is the distance from the surface to the end of

the basis that the information is not Material

the hole, as measured along the drill trace. Intercept depth is the distance

and this exclusion does not detract from the

down the hole as measured along the drill trace. Intersection width is the

understanding of the report, the Competent

downhole distance of an intersection as measured along the drill trace.

Person should clearly explain why this is the

• Hole length is the distance from the surface to the end of the hole, as

case.

measured along the drill trace.

Data

•

In reporting Exploration Results, weighting

• No high grade cuts have been applied to assay results. RC and DC assay

aggregation

averaging

techniques,

maximum and/or

results are distance weighted using their applicable down hole width for

methods

minimum grade truncations (e.g. cutting of

each assay.

high grades) and cut-off grades are usually

• Intersections are reported if the interval is at least 1m wide at 0.5g/t Au

Material and should be stated.

grade. Intersections greater than 1m in downhole distance can contain up

• Where aggregate intercepts incorporate short

to 2m of low grade or barren material.

lengths of high grade results and longer lengths

• No metal equivalent reporting is used or applied.

of low grade results, the procedure used for

such aggregation should be stated and some

typical examples of such aggregations should

be shown in detail.

• The

assumptions

used

for

any reporting

of

metal equivalent values should be clearly

stated.

Relationship

•

These relationships are particularly important

• The intersection width is measured down the hole trace, it is not usually the

between

in the reporting of Exploration Results.

true width. Cross sections in this announcement allows the relationship

mineralisatio

•

If the geometry of the mineralisation with

between true and down hole width to be viewed.

n widths and

respect to the drill hole angle is known, its

• Data collected from historical workings within the area show the primary

intercept

nature should be reported.

ore zones to be sub-vertical (east dipping) in nature with a general northerly

lengths

•

If it is not known and only the down hole

strike.

lengths are reported, there should be a clear

• All drill results within this announcement are downhole intervals only and

statement to this effect (e.g. 'down hole length,

true widths are not reported. True widths are approximately 60% of the

true width not known').

reported drill intercept widths.

Diagrams

•

Appropriate maps and sections (with scales)

• Plan and sectional views are contained within this announcement.

and tabulations of intercepts should be

included for any significant discovery being

reported These should include, but not be

limited to a plan view of drill hole collar

locations and appropriate sectional views.

Balanced

•

Where comprehensive reporting of all

• All results >= 0.5g/t Au are reported. The results are length weighted

reporting

Exploration Results is not practicable,

composites based on the Au grade and down hole length, a maximum of 2m

representative reporting of both low and high

of internal dilution is included.

grades and/or widths should be practiced to

avoid misleading reporting of Exploration

Results.

Other

•

Other exploration data, if meaningful and

•

No other exploration data is considered meaningful and material to this

substantive

material, should be reported including (but not

announcement.

exploration

limited

to):

geological

observations;

data

geophysical survey results; geochemical survey

results; bulk samples - size and method of

treatment; metallurgical test results; bulk

density, groundwater, geotechnical and rock

characteristics;

potential

deleterious

or

contaminating substances.

Further work

•

The nature and scale of planned further work

• Exploration work is ongoing at this time and may involve the drilling of more

(e.g. tests for lateral extensions or depth

drill holes, both DC and RC, to further extend the mineralised zones and to

extensions or large-scalestep-out drilling).

collect additional detailed data on known and as yet unidentified

•

Diagrams clearly highlighting the areas of

mineralized zones.

possible extensions, including the main

geological interpretations and future drilling

areas, provided this information is not

commercially sensitive.

Page 16 of 16