Province Resources : Completion of Drilling at Gnama

ASX Announcement (ASX:PRL)

4 March 2022

Completion of Drilling Programs at

Gnama Nickel-CopperProject, Fraser Range

onlyuseHighlights:

• RC Drilling has been completed in the Fraser Range targeting primary nickel-copper sulphides below historic1 supergene anomaly which returned:

		16m	@ 0.6% Ni, 0.14% Cu and 0.13% Co from 36m in drillhole SFRC0005
		20m	@ 0.57% Ni, 0.17% Cu and 0.08% Co from 28m in drill hole SFRC0006
personal	•	Samples submitted for assay with results expected in approximately eight weeks
•	Approvals in place for further RC and Diamond drilling pending positive results
	•	Downhole electromagnetic (DHEM) surveying completed looking for conductive bodies

which may be caused by sulphide accumulations, and assist with targeting for future drilling programs

Province is pleased to update on drilling activities at the Gnama nickel-copper project in the Fraser Range Province of Western Australia.

ForD illing was safely and successfully completed at both the main Gnama Project and regional targets, with samples submitted for analysis.

Province's drilling programme aimed to test the bedrock below the supergene anomalism identified by Sirius Gold Pty Ltd. Drilling successfully reached depths greater than 250 metres and casing was installed to enable DHEM surveying to take place. In total 870 metres were drilled in 3 RC holes.

See ASX release 3 June 20201

Province Resources Ltd

ABN 83 061 375 442

Suite 8, 110 Hay Street, SUBIACO WA 6008

PH: [phone]

-ENDS-

DHEM surveys were carried out post drilling to test for conductive bodies at the Gnama prospect. EM surveys are a key tool in nickel sulphide exploration as they detect conductive bodies in bed rock. Accumulations of sulphide minerals are conductive and accordingly EM anomalies are highly prospective for nickel-copper mineralisation.

Encouragingly no graphitic sediments were noted in drilling, consistent with historical drilling logs, meaning any anomalies identified will be high priority targets for follow up drilling. Province has

onlyapprovals in place for follow up RC and DD drilling at Gnama.

In addition, drilling has also been completed at the Gnama North regional targets. Initially prior to Christmas a total of 29 aircore holes were drilled to bedrock (blade refusal). A further 4 shallow RC holes were drilled as part of the current drilling campaign along one drill line to ensure adequate c verage.

A more detailed summary of the Gnama and Gnama North drilling will be reported when all data has been received and interpreted from both sample analyses and the DHEM survey.

usepersonalThis announcement has been approved by the Board.

For more information contact: David J Frances Managing Director - CEO [e-mail]

Competent Person's Statement

The information in this announcement that relates to Exploration Results and other geological information has been compiled under the supervision of Mr Thomas Langley. Mr Langley is a member of the Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy and is an employee of the Company. Mr Langley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is 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 ('the JORC

ForCode')". Mr Langley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The Company confirms that it is not aware of any new information or data that materially affects the exploration results contained in this announcement, and that the form and context in which the Competent Person's findings are presented have not been materially modified from the original reports.

Province Resources Ltd

ABN 83 061 375 442

Suite 8, 110 Hay Street, SUBIACO WA 6008

PH: [phone]

For personal use only

Figure 2. Planned drilling at the Gnama Nickel Project with Ni / Cu RC drill intersections by Sirius Gold Pty.

Province Resources Ltd

ABN 83 061 375 442

Suite 8, 110 Hay Street, SUBIACO WA 6008

PH: [phone]

Appendix 1. Historical Significant Intersections from the Gnama Project

use only

Appendix 2. Supporting tables prescribed under the JORC Code (2012 Edition) for the reporting of Exploration Results from the Gnama Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

personal		Criteria		JORC Code explanation		Commentary
	Sampling	• Nature and quality of sampling (eg		• Historical RC drilling to test for nickel-
	techniques	cut channels, random chips, or		copper mineralisation.
			specific specialised industry		• Drilling was sampled at 1m intervals with
			standard measurement tools		the entire interval collected at the rig
			appropriate to the minerals under		then riffle split at the rig to produce
			investigation, such as down hole		samples.
			gamma sondes, or handheld XRF		• Initial sampling was done using a scoop
			instruments, etc). These examples		to collect a composite sample. Samples
For				should not be taken as limiting the		were submitted to an external laboratory
			broad meaning of sampling.		where they were dried and pulverised
			• Include reference to measures taken		before sub sampling for assay.
			to ensure sample representivity and		• Where anomalous results were returned
			the appropriate calibration of any		from initial samples the 1m samples from
			measurement tools or systems used.		the interval were collected and
			• Aspects of the determination of		submitted to the laboratory for drying,
			mineralisation that are Material to		pulverising and sub sampling for assay.
			the Public Report.
				• In cases where 'industry standard'
				work has been done this would be
				relatively simple (eg 'reverse
				circulation drilling was used to

Province Resources Ltd

ABN 83 061 375 442

Suite 8, 110 Hay Street, SUBIACO WA 6008

PH: [phone]

For personal use only

Criteria

Drilling techniques

Drill sample recovery

Logging

Sub- sampling techniques and sample preparation

JORC Code explanation	Commentary
obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g
charge for fire assay'). In other cases
more explanation may be required,
such as where there is coarse gold
that has inherent sampling problems.
Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
• Drill type (eg core, reverse	• RC drilling was carried out using face
circulation, open-hole hammer,	sampling reverse circulation hammers.
rotary air blast, auger, Bangka,
sonic, etc) and details (eg 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).
• Method of recording and assessing	• RC recoveries were measured
core and chip sample recoveries	qualitatively and poor recoveries
and results assessed.	recorded in the sampling sheets.
• Measures taken to maximise sample	• Standard drilling techniques such as
recovery and ensure representative	cleaning cyclones each rod and hole
nature of the samples.	conditioning to maintain good sample
• Whether a relationship exists	quality were used.
between sample recovery and	• No recovery issues noted so no
grade and whether sample bias	relationship between recovery and
may have occurred due to	grade or sample bias known.
preferential loss/gain of fine/coarse
material.
• Whether core and chip samples	• All RC chips were geologically logged in
have been geologically and	their entirety. The logs are sufficiently
geotechnically logged to a level of	detailed to support Mineral Resource
detail to support appropriate	estimation. Logged criteria included
Mineral Resource estimation, mining	lithology, alteration, alteration intensity,
studies and metallurgical studies.	veining, weathering, grainsize and
• Whether logging is qualitative or	sulphides.
quantitative in nature. Core (or	• Geological logging is qualitative in
costean, channel, etc)	nature, although percentages of veins or
photography.	sulphides present were estimated.
• The total length and percentage of
the relevant intersections logged.
• If core, whether cut or sawn and	• For RC drilling samples were riffle split at
whether quarter, half or all core	the rig after passing through a
taken.	conventional cyclone. An initial sample
• If non-core, whether riffled, tube	was taken by spear sampling the reject
sampled, rotary split, etc and	piles to form a 4m (FRC series) or 10m
whether sampled wet or dry.	(SFRC series) composite.
• For all sample types, the nature,	• All techniques are appropriate for
quality and appropriateness of the	collecting statistically unbiased samples.
sample preparation technique.	• Duplicates were collected every 10
• Quality control procedures adopted	composite samples to ensure
for all sub-sampling stages to	representivity, with duplicates also
maximise representivity of samples.	collected from the 1m split samples.

Province Resources Ltd

ABN 83 061 375 442

Suite 8, 110 Hay Street, SUBIACO WA 6008

PH: [phone]