Dacian Gold Limited provided an updated Mineral Resource estimate for the high-grade Hub deposit and development update for the Redcliffe gold project (Redcliffe). Hub is located in the southern Redcliffe tenements located approximately 80km from the Mt Morgans processing plant. These new intersections from the recent 25m x 25m Reverse Circulation (RC) and Diamond Drilling (DD) resource definition drilling program have confirmed the continuity of high-grade gold mineralisation, defined over a plunge of approximately 800m from near surface to the south, with mineralisation remaining open at depth. Following the two-phase resource definition drill program that concluded in FY2021, a Mineral Resource estimate (MRE) update was subsequently completed. As part of the MRE update, the Company adopted a cut-off grade of 0.5g/t for material considered to have open pit mining potential (approximately 180m below surface, to 300mRL), and 2.0g/t for material considered to have underground mining potential (below 300mRL). Following the resource definition drilling and the changed approach to the cut-off grade, the updated MRE is 1.1Mt at 3.9g/t for 139,000oz versus the previous estimate of 890,000t at 4.9g/t for 141,000oz. This includes a maiden Indicated Mineral Resource of 530,000t at 4.7g/t for 80,000oz with an additional Inferred Mineral Resource of 582,000t at 3.2g/t for 59,000oz. The previous MRE was classified as entirely Inferred and used a cut-off grade of 0.5g/t for the entire deposit. The Company has commenced detailed open pit and underground mine planning to optimise economic extraction of the deposit. This is inclusive of detailed geotechnical, hydrological and metallurgical studies to refine mine design parameters and mining cost estimates. The Company is concurrently progressing with requisite environmental surveys and assessments to be used as the basis of regulatory approval applications to develop the Hub deposit, along with the other Redcliffe deposits including GTS, Nambi, Bindy, Kelly, Redcliffe and Mesa-Westlode. Production from Hub is subject to receipt of regulatory approvals which are expected to be received in Fourth Quarter FY2022 with mining to commence shortly after. The Hub open pit will provide high-grade ore feed to the Mt Morgans processing plant. The Hub deposit is located approximately 60km northeast of the town of Leonora, Western Australia. The project occurs within the regionally extensive Mertondale Shear Zone (MSZ). The Redcliffe Gold Project covers a large portion of the MSZ, a North-South trending gold-bearing structure that is interpreted to be a link structure between the North/West- South/East trending Keith-Kilkenny and Celia tectonic zones. Dacian Gold's tenure covers over 40km of prospective strike length of the MSZ. The Hub geological sequence consists of a package of northerly striking, sub-vertical to steep East dipping mafic, intermediate and felsic volcaniclastics and minor shales. The deposit area has been intruded by both dolerite and lamprophyre dykes which brecciate and stope out the mineralised zones. The high-grade mineralised zone strikes North- South and is sub-vertical to steeply dipping. The zone is discrete over a maximum of 5-6m downhole in fresher material with generally little low-level Au anomalism surrounding the high-grade zone. Mineralisation at Hub is characterised by increased deformation, increased pyrrhotite content (up to 15%) and crenulation fabric (defined by wispy, white late carbonate infill). Mineralisation domains were created using a lower cut-off of approximately 0.45 g/t Au. In some cases, lower grades were included to produce geological continuity and the minimum downhole intersections were limited to 2 m. Wireframe interpretations have been created for weathering surfaces including, base of laterite, base of complete oxidation and top of fresh rock. Wireframe interpretations have also been created to represent the known extent of both dolerite and lamprophyre dykes. Drilling Techniques: The Hub MRE is based on sampling carried out using RC and DD. A total of 148 drillholes for a total of 22,769 m at depths ranging from of 30 to 435 m. This includes 113 RC (14,341 m), 20 DD (3,911 m) and 15 DD with RC pre-collar (4,547 m). RC holes were drilled with a 5.25 inch face-sampling bit and DD samples were collected from NQ, NQ2, NQ3, HQ and PQ3 diamond core. All drillholes except 20RDD002 have been located by differential GPS (DGPS). Downhole surveys were completed typically with either Reflex Ez-Trac or North Seeking Gyro instruments on 25 or 40m intervals. Sampling was carried out under Company protocols and QAQC procedures as per current industry practice. Validation checks were carried out on collar locations, downhole surveys and overlapping samples. Sampling and Sub-Sampling Techniques and Sample Analysis Method. For RC drilling, a face sampling hammer was used generating 1m samples. Samples were collected through a rig mounted cone or riffle splitter to form a 2-3 kg single metre sample in a calico bag and a green bulk 25-40 kg sample. Diamond core samples were cut with a diamond blade based on geological observations and were between 0.2 m and 2 m in length, with half the core being sent for analysis. Samples were prepared at BV and ALS in Kalgoorlie. Samples were dried, and the entire sample pulverized to 90% passing 75 m, and a reference sub-sample of approximately 200 g retained. A nominal 40 g (BV) or 50 g (ALS) was used for the analysis (FA/AAS). The procedure is industry standard for this type of sample. Dacian has a robust QAQC process for monitoring the sampling and assaying including regular field duplicates, standards and blanks. Assays are monitored for repeatability and accuracy of standards.