Manhattan : December 2021 Quarter Activities Report and Appendix 5B

ASX / MEDIA RELEASE

31 January 2022

	2021 DECEMBER QUARTER ACTIVITIES REPORT
onlyManhattan Corporation Limited (ASX: MHC) (Manhattan or the Company) is pleased to report on activities
undertaken in the December 2021 quarter and its financial position at the end of the period.
HIGHLIGHTS
Tibooburra Gold Project
use	▪ Drilling re-commenced at Manhattan's high grade Tibooburra Gold Project in late January 2022,
personal		following on from Reverse Circulation (RC) drilling completed in October/November 2021 where
	significant high-grade mineralisation was intercepted.
▪ MHC has expanded the programme to 10,000 metres of RC (initially 5,000 metres), that is to be
	complimented by further diamond drilling
▪ Drilling is to span multiple drill campaigns planned until May, targeting Main Zone, Pioneer, Western
	Lode, New Southern Zone and Clone which have the potential to host significant shallow, high grade
	gold mineralisation
▪ During the quarter MHC completed 20 RC holes for 2,131 metres. Drilling focussed on testing the
	shallow nature of the mineralisation on the New Bendigo Prospect at "Main Zone", including targeting
	north plunging shoots within the lower grade NNW trending mineralised corridor that currently
	extends over 650 metres of strike
▪ Drilling successfully intersected high-grade mineralised zones that are thought to form two separate
	north plunging shoots located to the north and south of a cross-cutting fault, though further drilling is
	required in this area to confirm the synopsis, specifically in the vicinity of the fault and the continuation
	of the shoots at depth where they remain open.
For	▪ Drilling returned significant mineralisation in addition to the previously reported near surface high-
	grade central zone (Figures 1 & 2), including:
	o	8m at 40.5 g/t Au from 70m, including 3m at 105.34 g/t Au (NB0089)
	o	16m at 13.89 g/t Au from 1m, including 3m at 69.20 g/t Au (NB0083)
	o	7m at 2.89 g/t Au from 56m, including 1m at 15.45 g/t Au (NB0088)
		o	6m at 1.93 g/t Au from 12m, including 2m at 4.29 g/t Au (NB0090)
		o	3m at 4.67 g/t Au from 126m, including 2m at 6.74 g/t Au (NB0081)
		o	8m at 1.08 g/t Au from 18m, historically mined stope from 10.5 to 14m (NB0079)
	▪	Further to the high-grade central zone and the interpreted plunging shoots, drilling successfully

increased the mineralised footprint within the broader lower grade halo of the NNW trending regional shear with all RC holes reporting significant mineralisation2 that remains open along strike to the

P: [phone]	Manhattan Corporation Limited
ABN: 61 123 156 089
www.manhattcorp.com.au
Level 2, 33 Colin Street, West Perth WA	| 1

south, the north and down-dip.to date being controlled by north-south trending structure(s) cutting across the New Bendigo "Main Zone", a northwest trending gold mineralised regional shear.

• The current drill programmes will still only focus on 25km of strike within 220 strike-km of gold- anomalous structures 100% controlled by MHC which are similar in age and tectonic features to the Victorian Goldfields which holds potential for Multi-Million Ounce Orogenic Gold Discoveries

onlyCorporate

• The Company's cash position at 31 December 2021 was $3.387 million.
• Mr Kell Nielsen was appointed to the Board of Directors.

useCurrent Drilling

Manhattan has continued its engagement with a NSW based drilling contractor to recommence drilling at the Tibooburra Project. The drilling crew and equipment arrived on site on Monday, 24 January 2022.

MHC have expanded the drill programme to drill a minimum of 10,000 metres of RC covering the high prospective areas that includes Main Zone, Pioneer, Western Lode, New Southern Zone and Clone. The company plans to focus drilling on the continuity of the plunging shoots at depth and to continue to test the size of the high-grade system at New Bendigo.

personalFollowing RC drilling, MHC plans to complete additional diamond drilling in consultation with its structural

geology specialists to aid the planning and targeting of deeper mineralisation down the plunge of the system. The diamond drilling will complement the initial diamond drilling program completed in 2020

New Bendigo RC Drilling (October/November 2021)

MHC completed twenty (20) Reverse Circulation Drill (RC) Holes (NB0073-0092) for 2,131 metres at itsTibooburra Gold Project located in north-western NSW during the quarter. Drilling focussed on testing the shallow nature of identified mineralisation, including targeting the north plunging shoots within the lowergrade NNW trending mineralised corridor that extends for approximately 650 metres of strike.

Drilling successfully intersected high-grade mineralised zones that are thought to form two separate north plunging shoots located to the north and south of a cross-cutting fault, though further drilling is required in this area to confirm the synopsis, specifically in the vicinity of the fault and the continuation of the shoots at depth where they remain open.

Drilling returned significant mineralisation in addition to the previously reported near surface high-grade central zone (Figure 1), including:

▪	8m at 40.5 g/t Au from 70m, including 3m at 105.34 g/t Au (NB0089)
▪	16m at 13.89 g/t Au from 1m, including 3m at 69.20 g/t Au (NB0083)
▪	7m at 2.89 g/t Au from 56m, including 1m at 15.45 g/t Au (NB0088)
For▪	6m at 1.93 g/t Au from 12m, including 2m at 4.29 g/t Au (NB0090)
▪	3m at 4.67 g/t Au from 126m, including 2m at 6.74 g/t Au (NB0081)
▪	8m at 1.08 g/t Au from 18m, historically mined stope from 10.5 to 14m (NB0079)

Further to the high-grade central zone and the interpreted plunging shoots, drilling successfully increased the mineralised footprint within the broader lower grade halo of the NNW trending regional

P: [phone]	Manhattan Corporation Limited
ABN: 61 123 156 089
www.manhattcorp.com.au
Level 2, 33 Colin Street, West Perth WA	| 2

shear with all RC holes reporting significant mineralisation2 that remains open along strike to the south, the north and down-dip.

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Drilling returned significant results, including:

• 5m at 1.03 g/t Au from 31m (NB0076)
• 4m at 2.16 g/t Au from 24m (NB0082)

Drilling completed on the "Main Zone" has still only tested a small portion of an elongated >5km long soil anomaly (Figure 1), where historic workings extend over at least 1.5 km of strike along the interpreted Main Zone.

On recommencement of RC drilling at New Bendigo (commenced January 2022), MHC plans to focus drilling on the continuity of the plunging shoots at depth and continue to test the size of this high-grade system at New Bendigo. This will see the programme significantly expanded from the initially planned 5,000m of RC.

Further to the planned drilling at "Main Zone", MHC will also target the "Western Lode" where RC drilling completed in 2020 returned 7m at 18.16 g/t Au from 87m (NB0023) and further high-grade prospect areas including New Bendigo South, Clone and Pioneer. MHC anticipates drilling to span multiple campaigns until mid-2022.

MHC also plans to complete further diamond drilling in consultation with Dr John Beeson (Structural Geologist) to aid the planning and targeting of deeper mineralisation down the plunge of the system. This is to complement the initial diamond drilling that was completed by MHC in 2020, where the shallow nature of the drilling lead to poor core quality limited structural data being obtained.

The Company has undertaken to engage the services of a Consultant Geostatician / Resource Geologist to review the coarse nature of the mineralisation intersected to date.

2 Refer to ASX Announcement reported by MHC on the 10th December 2021, "8m at 40.5 g/t Au intersected including 3m at 105.34 g/t Au".

P: [phone]	Manhattan Corporation Limited
ABN: 61 123 156 089
www.manhattcorp.com.au
Level 2, 33 Colin Street, West Perth WA	| 3

For personal use only

Figure 1: Tibooburra Project - Northern Target Areas (TMI RTP 1VD Grey Scale Aeromagnetic Image

Background)

P: [phone]	Manhattan Corporation Limited
ABN: 61 123 156 089
www.manhattcorp.com.au
Level 2, 33 Colin Street, West Perth WA	| 4

For personal use only

Figure 2: New Bendigo Drill Hole Collar Plan showing recent RC drill holes in relation to previous drilling. Drill traces are

projected to surface. Note the fault is inferred and further drilling is required to delineate mineralisation proximal to the fault New Bendigo. Location of Long Section (Figure 3) shown. Recent highlighted intersections are shown as yellow callouts.

P: [phone]	Manhattan Corporation Limited
ABN: 61 123 156 089
www.manhattcorp.com.au
Level 2, 33 Colin Street, West Perth WA	| 5