Strategic Minerals Corporation NL announced an update to the Mineral Resources for the Big Vein South (BVS) gold deposit in the Woolgar Project in North Queensland. The update has been prepared by H&S Consultants Pty Ltd. (H&SC), an independent consultancy, on behalf of Strategic, and is reported in accordance with the 2012 JORC Code & Guidelines and the ASX Listing Rules, Chapter 5.8.1. The infill drilling has generated a 35% increase in Measured and Indicated Resources with no material change in gold grade. The new Measured and Indicated (M&I) Resources include a 35% increase in gold ounces which amounts to 64% of the contained ounces for the deposit. This successfully completes the Company's principal objective of converting the majority of the northern and central half of the resource to M&I categories, as required for Pre-Feasibility level studies. These results confirm the suitability of the drill holes spacings developed from the 2017 program to efficiently convert lower confidence material to M&I. The resource continues to convert to M&I in a predictable manner, increasing confidence in the Company's modeling of the deposit. The results of this program continue to reinforce the drilling approach undertaken by the company in developing the resource base at Big Vein South ("BVS"). Outcomes of the 2019 BVS Resource Infill Programme: The main aim of the 2019 drilling programme was to upgrade the resource estimates and confirm the likely drill spacing required to convert the majority of the remainder of the deposit to Measured and Indicated Resource status, as required to commence Pre-Feasibility Studies and Probable Ore Reserve determination. The 2019 infill drilling program followed-up on the very successful 2017 drilling program and subsequent resource update in 2018 where the majority of the drilling was focused on the central Crossover sector of the resource. The 2019 program targeted the area north of and around the Crossover, considered likely to be the initial focus for mine planning. The 2019 drill programme had three main aims: infilling on the existing BVS resource, exploring high-priority targets adjacent to the resource and improving geotechnical understanding of the resource. Fourteen reverse circulation ("RC") infill drill holes for 2,255 meters within the BVS, concentrated on upgrading areas of Inferred or below categories to Indicated or above. One additional RC drill hole targeted a potential near-surface extension to the west of the Crossover, but failed to identify further mineralization. Four diamond drill hole ("DD") s drill holes for 754 meters within the BVS were completed solely for necessary geotechnical data to facilitate mine planning. The two of these holes t intersected the existing resource, were analyzed and incorporated into this estimate. Resource Update for the BVS Deposit, Woolgar Project: H&S Consultants Pty Ltd. ("H&SC") was requested by Strategic Minerals Corporation NL ("Strategic") to complete updated resource estimates for the Big Vein South ("BVS") gold deposit of the Woolgar Project. The project is located in North Queensland, approximately 120km north of Richmond. H&SC had completed new resource estimates for the deposit in May 2015 and updated resource estimates in November 2015, February 2017 and December 2018. The updated resource estimates have been reported in accordance with the 2012 JORC Code & Guidelines.