Announcement PDF Dundas Minerals Limited Suite 13, 100 Railway Rd T: +61 (08) 9481 0389 ACN: 640 432 819 Daglish, WA 6008 E: admin@dundasminerals.com ASX : DUN ASX ANNOUNCEMENT 30 January 2026 Quarterly Activities Report for December 2025 Dundas Minerals Limited (“Dundas” or “The Company”) is pleased to present its Quarterly Report for the period ending 31 December 2025. HIGHLIGHTS o Major Gold Acquisition of the prospective Romano Gold Project within the Yamarna–Dorothy Hills regional shear corridor, Western Australia o Capital Placement raising $1.1M before costs to provide working capital for the Company’s gold projects, evaluation of new project opportunities and for general capital o Key Appointments of new Managing Director, Jonathan Downes, Company Secretary Aida Tabakovic and Geologist, Callum Rodwell o Numerous priority targets identified at the Gerry Well Project with review and planning work ongoing as well as being awarded an EIS drilling assistance grant o Review Work and Planning on the Kalgoorlie Gold Projects commenced with drill and resource expansion planning On 7 October 2025, Dundas appointed Jonathan Downes as the Managing Director who replaced Shane Volk upon his retirement. The transition saw a strategic fund raising that brought in several new institutional investors and raised gross proceeds of $1,120,000 (before costs), that was settled across two tranches (ASX 7 October 2025). The funds will provide working capital to facilitate growth. Company’s recent acquisition of Romano Gold Project represents a major land holding of 800 km2 of prospective greenstone horizons within the Yamarna–Dorothy Hills shear system (ASX 30 December 2025). The southern boundary of the Romano tenure lies less than 1 km north of the operating Gruyere Gold Mine; however, no Mineral Resource or geological continuity has been established between the projects[, which is something that is intended to be tested given the limited exploration activity to date]. The Gruyere deposit was discovered in 2013 and Dundas believes that this region has the potential to host further gold discoveries. The Romano project already has several priority exploration targets that warrant follow up with further exploration. Dundas’ Managing Director, Jonathan Downes, commented: “I am very excited with the quality of assets held by Dundas, that belies our current market capitalization. Dundas holds three groups of assets, at different stages of development[, and involving districts of varying degrees of historical gold exploration]. The first is the Kalgoorlie Suite comprising existing Inferred Mineral Resources at Capricorn and Baden Powell, which were 2 estimated using a gold price assumption of AU$2,250 per ounce, and recent drilling at Rockland that is now under technical review and further drill planning. The recently discovered 1km long strike of mineralisation at Rockland (ASX:21/1/2025) is particularly encouraging. Rockland remains open at depth, east and west, providing exploration potential. The purpose of the studies is to review a range of technical options and development concepts, subject to further work and evaluation.” The Gerry Well Project represents a +600 km2 tenement package over a large-scale exploration opportunity. The prospective horizon is mostly obscured by overburden, representing a rare terrain hosting classic Western Australian greenstone belts, that has not been extensively explored. Dundas has been working on utilising independent advanced AI targeting techniques to prioritise targeting in this district. The Romano Project offers everything that Gerry Well offers, but includes some immediate walk- up drill targets such as Bloodwood, where shallow drilling returned results such as 12m @ 3.3 g/t gold from first pass drilling and there has been remarkably little follow up. The Romano Project directly abuts the Gruyere Gold Mine along the interpreted continuation of the Dorothy Hills Shear Zone. While Dundas does not represent that mineralisation extends into the Romano Project, the spatial relationship highlights the prospectivity of the broader regional structural corridor. With a modest number of shares on issue, Dundas holds a gold focused group of assets at various stages of development and I am excited to be a part of building success, interest and news going forward. I thank you for your support as shareholders and believe that 2026 will be an exciting and active year as we unlock the value from the extraordinary assets base held by Dundas.” ACTIVITIES Romano Project Acquisition On 30 December 2025, the Company announced the acquisition of an 80% interest in a district- scale gold exploration package known as the Romano Project, located in the northeastern Goldfields of Western Australia. The Romano Project comprises approximately 800km² of under explored frontier terrain on the eastern margin of the Yamarna Shear Zone and is located adjacent to the operating Gruyere gold mine (Figure 1).1 The Company cautions that proximity to an operating mine is not indicative of mineralisation within the Romano Project and no geological or mineral continuity has been established between the Romano Project and the Gruyere gold mine. The acquisition materially expands Dundas’ exploration footprint into a proven but under explored gold province and provides exposure to multiple priority targets supported by historical drilling and geochemical datasets. 1 The Company cautions that proximity to an operating mine is not indicative of mineralisation within the Romano Project and no geological or mineral continuity has been established between the Romano Project and the Gruyere gold mine. 3 Romano Project Overview and Location The Romano Project is located in the northeastern Goldfields of Western Australia on the eastern margin of the Yamarna and Dorothy Hills Shear Zones, regions recognised for hosting large-scale gold systems, including the nearby Gruyere gold mine. The project comprises approximately 800 km² of contiguous exploration tenure and remains sparsely explored relative to more established districts with shallow alluvium and sand dune overburden. Previous exploration conducted by Gold Road Resources identified multiple gold targets within the project area, forming a foundation for future systematic exploration. Gruyere North Exploration Licence E38/3904 is located immediately north of the operating Gruyere gold mine, which contains an estimated ~6 Moz gold resource and is mined as a large-scale open pit operation (Figure 3)1. Gold Fields recently acquired the remaining 50% interest in the Gruyere gold mine for A$3.7B, consolidating full ownership. Figure 1: Location map showing the Romano Project tenure, key gold bearing structures and mineral deposits. Regional mineralisation at Gruyere is spatially associated with the Dorothy Hills Shear Zone, which is interpreted from regional geophysics and mapping to continue northward into the Romano Project tenure. Exploration north of the mine has historically been limited due to access and cultural heritage considerations. Dundas does not represent that mineralisation extends into the Romano Project. Notwithstanding this, the proximity of the Romano Project to Gruyere highlights the prospectivity of the broader Yamarna region. Several tenements within the Romano Project are subject to pending exploration licence applications and are not yet granted. Two of the other prospects within the Romano leases have also been identified. 4 Bloodwood Prospect The Bloodwood Prospect was identified through historical exploration conducted by Gold Road Resources, including air core drilling that defined a coherent gold anomaly extending for approximately 5 km. Limited drilling has returned results including 12m @ 3.3 g/t gold from 20m, with a high-grade interval of 4m @ 9.5 g/t gold from 20m. In the following year, a single diamond drill hole was drilled at the Bloodwood target, which returned 3.0 m @ 2.0 g/t gold from 113.45m, including 0.7m @ 4.8g/t gold from 115m (18CWDD0028). Figure 2: The Romano Project location on both the Yamarna and Dorothy Hills Shear Zones. Also shown are major gold projects along these trends. Drilling across the prospect remains limited, particularly given its proximity to the Yamarna Shear Zone, which hosts the Golden Highway gold resources approximately 20 km to the south. 5 Brahman Prospect The Brahman Prospect is located within the Stock Route Intrusive Suite. Drilling identified a package of sediments intruded by a dioritic plug (hornblende-feldspar-quartz /- sericite, hematite, biotite, pyrite). The intrusive rocks exhibit broad similarities to intrusive rocks observed elsewhere in the region; however no direct geological or mineralogical correlation with the Gruyere gold mine intrusive has been established. Historical drilling intersected gold mineralisation, including a best intercept of 2m @ 3.9 g/t gold from 92m, including 1.0m @ 7.0 g/t gold. The presence of broad mineralisation supports the prospectivity of the target and warrants follow up. References to nearby operating mines and regional mineral systems are provided for geological context only. Dundas cautions that proximity to such operations is not indicative of mineralisation within its tenure, and no Mineral Resources or Ore Reserves have been defined at the Romano 6 Project. Figure 3: Top: Location of the Gruyere Mine which lies along the Dorothy Hills Shear Zone (DHSZ), adjacent to Dundas Tenure. Bottom: The Gruyere Mine open pit lies 1km south of the border to Dundas’s Romano Project Tenure with the interpreted DHSZ continuing north into Dundas’ E38/3904. 7 Transaction Terms Dundas entered into an agreement with Cazaly Resources Limited (ASX:CAZ) under which Dundas may earn an 80% interest in the Romano Project tenements include the payment of $150,000 in cash and issue $350,000 worth of shares (completed subsequent to this reporting period), at a deemed issue price per share calculated, based on a 5-day VWAP, to be 3.809 cents , and involving 9,188,764 shares. On grant of each application tenement, Dundas must pay CAZ an additional $150,000 and issue CAZ $150,000 in shares at a deemed issue price equal to 5- day VWAP prior to the grant date, subject to shareholder approval2. The earn-in requires $2,000,000 in exploration expenditure over 2 years (ASX 30 December 2025). [MC Comment: edit purely tries to reduce size of sentence] Gerry Well During the quarter, Dundas completed a comprehensive gold exploration targeting program across the Gerry Well project, in the northern Yilgarn Craton of Western Australia. Dundas utilised SensOre DPT and SAM modelling using gravity, magnetics, DEM and lithological datasets with 2.16M data cells trained on +1Moz deposits. The Gerry Well project is characterised by a combination of outcropping and covered greenstone mineralogy within the tenements with some hosting a strike of approximately 30 kilometres. The extension of the greenstones under shallow cover to the north, and to the east of the outcropping rocks, is observable from magnetic geophysical surveys and has been confirmed by limited but encouraging historic drilling results that returned gold mineralisation. Managing Director Appointment Dundas announced the appointment of Mr Jonathan Downes as Managing Director, effective 7 October 2025. The Company’s leadership transition comes as a result of founding Managing Director Mr Shane Volk’s decision to retire from employment now a suitable Managing Director for Dundas Minerals has been identified. Jonathan is a geologist with over 30 years’ experience in the mineral and energy sectors and has a track record of project identification, financing and development. He has worked in various geological and corporate capacities throughout his career. Jonnathan has a proven track record of growing small-cap exploration companies under his leadership, to the stages of construction and / or production. Most recently, Jonathan served as the founder and a Managing Director of ASX listed Company, Kaiser Reef Limited (ASX: KAU). From the Company’s initial listing on the ASX in February 2020, until 6 October 2025, Jonathan saw Kaiser move from a small exploration company and managed the acquisitions and development into a profitable gold producer with a market capitalision of more than $200 million. Share Placement On 8 October 2025, Dundas announced that it had received commitments from professional and sophisticated investors qualifying under S708 of the Corporations Act 2001 (Cth), to subscribe to a share placement of up to 46,666,669 new Dundas Minerals shares at an issue price of 2.4 cents per share, to raise gross proceeds of $1,120,000 (Placement). The Placement was completed in two tranches and was concluded during the quarter. The funds raised from the Placement have 2 If Dundas shareholder approval is not received, Dundas will instead pay $150,000 in cash. 8 positioned the Company to continue exploration at its Western Australian gold projects, to evaluate new project opportunities, and for general working capital purposes. Appointment of Company Secretary During the quarter, the Company appointed Ms Aida Tabakovic as the Company Secretary who replaced Mr Shane Volk who retired from employment. Aida has over 15 years’ experience in the corporate accounting, reporting and financial management, as well as having number of years’ experience across company secretarial and corporate compliance reporting of both ASX listed and unlisted companies. She holds a double major degree in Accounting and Finance and a Postgraduate Degree in Business Law, and brings with her a strong background in corporate governance and risk mitigation. Aida has also been involved in listing a number of exploration companies on the ASX and is currently Company Secretary for numerous ASX listed companies. - ENDS - This announcement was approved for release by the board of Dundas Minerals Limited. For further information, please contact: Jonathan Downes j.downes@dundasminerals.com Competent Persons Statement The information in this announcement that relates to the Gerry Well project and historic drill holes is based on information compiled by Jonathan Downes (B.Sc.) (Geology), MAIG, an employee of Dundas Minerals Limited. Mr Downes has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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. Mr Downes consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. The information included in this report also relates to some information based on historic Exploration Results Mr Downes has not independently verified the historical assay data but considers the information suitable for inclusion to illustrate prospectivity. Mr Downes holds securities in the Company. The information in this announcement that relates to the Baden-Powell and Capricorn Gold Mineral Resources is extracted from and was originally reported in the ASX Announcement titled “Gold Resources Increase to 1.24m oz” published on 28 September 2022 by Horizon Minerals Limited (ASX: HRZ). And, in its report titled “Group Minerals Resources Statement - Amended” published on 1 August 2024, HRZ confirmed (page 24) that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates published in the 28 September 2022 announcement continue to apply and have not materially changed. A copy of both announcements are available to view on the HRZ web site: www.horizonminerals.com.au. Furthermore, the Mineral Resources estimates for the Capricorn and Baden-Powell projects were undertaken by Mr Stephen Godfrey, a Fellow of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists, who has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the ‘JORC Code 2012’. Mr Godfrey is a full time employee of HRZ and has consented to Dundas Minerals Limited reporting details of the Baden-Powell and Capricorn gold Minerals Resource Estimates in the form and context as set out in Appendix 1. The relationship between the Company and HRZ: Dundas Minerals has an option (expiring 9 month following the grant of Mining Lease application M 24/1004) to acquire an 85% Joint Venture Interest in various mineral tenements from HRZ, including tenements within which the Capricorn and Baden-Powell projects and gold deposits sit; for complete details refer to the Company’s ASX announcement dated 30 August 2023. 9 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 Dundas and the industry in which it operates. 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 expressed or implied by any forward-looking statements. The past performance of Dundas is no guarantee of future performance. None of Dundas’ 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. Any references to potential mineralisation or endowment at Gerry Well are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. 10 Tenement Summary – as required by ASX Listing Rule 5.3.3 SCHEDULE OF MINERAL TENEMENTS HELD BY DUNDAS AT 31 DECEMBER 2025 Project Tenement Status Holder Interest Baden-Powell P24/5666 Granted Dundas Minerals Limited 100% Baden-Powell P24/5667 Granted Dundas Minerals Limited 100% Baden-Powell P24/5668 Granted Dundas Minerals Limited 100% Baden-Powell P24/5823 Application Dundas Minerals Limited N/A Gerry Well E38/3153 Granted Dundas Minerals Limited 100% Gerry Well E38/3741 Granted Dundas Minerals Limited 100% Gerry Well E38/3896 Application GTT Metals Group Pty Ltd Option1 Gerry Well E38/3965 Granted GTT Metals Group Pty Ltd Option1 Gerry Well E38/3966 Granted GTT Metals Group Pty Ltd Option1 Gerry Well E38/3968 Application GTT Metals Group Pty Ltd Option1 Gerry Well E38/3969 Application GTT Metals Group Pty Ltd Option1 Gerry Well E38/3970 Application GTT Metals Group Pty Ltd Option1 Gerry Well E38/3971 Application GTT Metals Group Pty Ltd Option1 Gerry Well E38/4001 Application Dundas Minerals Limited N/A Gerry Well E38/4021 Application Dundas Minerals Limited N/A Gerry Well E38/4017 Application Dundas Minerals Limited N/A Windyana M24/974 Granted Rockland Pty Ltd 100% Windyana P24/5687 Granted Dundas Minerals Limited 85% Windyana P24/5754 Application Dundas Minerals Limited N/A Windyana P24/5836 Application Dundas Minerals Limited N/A Romano E38/3904 Granted Cazaly Resources Limited Earn-in2 Romano E38/3983 Application Cazaly Resources Limited Earn-in2 Romano E38/3995 Application Cazaly Resources Limited Earn-in2 Romano E38/4000 Application Cazaly Resources Limited Earn-in2 Romano E38/4002 Application Cazaly Resources Limited Earn-in2 Notes: 1 Dundas can acquire 100% of the tenement by exercising its option to purchase and paying the exercise price of $100,000. 2 Dundas may earn 80% interest in Romano Project tenements by paying $150,000 in cash and $350,000 worth of shares, at a deemed issue price per share equal to 5-day VWAP immediately prior to execution date. On grant of each application tenement, Dundas must pay Cazaly Resources Limited an additional $150,000 in cash and issue $150,000 worth of shares at a deemed issue price equal to 5-day VWAP prior to the grant date, subject to Dundas obtaining shareholder approval. If Dundas shareholder approval is not received, Dundas will instead pay $150,000 in cash. SCHEDULE OF MINERAL TENEMENTS SUBJECT TO THE HORIZON OPTION The Company has an option to acquire an 85% Joint Venture interest in each tenement listed below. The option expires 9 months after the grant of mining lease application M24/1004. The option exercise fee is $1,000,000, payable as cash or fully paid ordinary shares of Dundas Minerals, or a combination of cash and shares at the election of Dundas. An anniversary payment of $125,000 was paid on 29 August 2024, and the minimum in-ground exploration expenditure of $500,000 on the tenements has been met. 11 Project Tenement Status Holder Interest Windyana M24/959 Granted Black Mountain Gold Limited - Windyana M24/919 Granted Black Mountain Gold Limited - Windyana P24/5046 Granted Black Mountain Gold Limited - Baden-Powell P24/5507 Granted Black Mountain Gold Limited - Baden-Powell P24/5508 Granted Black Mountain Gold Limited - Baden-Powell P24/5059 Granted Black Mountain Gold Limited - Baden-Powell P24/5464 Granted Black Mountain Gold Limited - Baden-Powell P24/4817 Granted Black Mountain Gold Limited - Baden-Powell M24/1004 Application Black Mountain Gold Limited - Mineral Resource Estimates Baden-Powell and Capricorn Gold Projects reported at a 0.5g/t Au cut-off. Project Inferred Material Tonnes Au g/t Oz Au Baden-Powell Oxide 75,000 1.19 2,900 Transition 61,000 1.04 2,000 Fresh 459,500 1.22 18,000 Total 595,000 1.2 23,000 Capricorn Oxide 313,100 1.23 12,400 Transition 138,800 1.24 5,500 Fresh 207,400 1.13 7,500 Total 659,300 1.2 25,500 Tonnages are dry metric tonnes. Minor discrepancies may occur due to rounding. The above Mineral Resource Estimates comprise Inferred Mineral Resources, which are unable to have economic considerations applied to them, nor is there certainty that further sampling will enable them to be converted to Measured or Indicated Mineral Resources. Please refer to the Competent Persons Statement pursuant to these Mineral Resource Estimations for additional information. 12 Appendix 1 – Drill hole information Hole ID Hole Type Northing Easting RL Dip Az i Depth From (m) To (m) Interval (m) Au (ppm) Cu (%) Pb (%) Zn (%) CBRC001 RC 7043520 414650 555 -60 90 186 NSI CBRC002 RC 7044000 415360 555 -60 90 300 NSI CBRC003 7044000 415210 555 -60 90 300 194 195 1 3.85 CBRC004 7044000 415060 555 -60 90 300 264 268 4 0.35 CBRC005 RC 7043600 416270 555 -60 90 300 260 264 4 1.36 including 260 261 1 5.45 CBRC006 7043600 416120 555 -60 90 300 200 204 4 0.17 CBRC007 7043600 415970 555 -60 90 258 NSI *NSI = No significant intercept Location ofhistoricCBRC drill holeswithin the Gerry WellProject 13 Appendix 2 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to 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. • 4m composite samples were collected by scoop sampling and 1m samples collected by spear sampling. • A riffle splitter with a split ration of 87.5:12.5 was used to collect the 1m samples. • No discussion of sample representivity is discussed in WAMEX Report A79252 from which the drill hole was reported. • All composite samples were submitted to Actlabs Pacific in Redcliffe WA for analysis of a broad range of elements which included Au, Ni, Cu, Zn Pt and PD. Samples were analysed using Actlabs “TraceMS 4” package which incorporates a 4 acid digest with analysis by ICP-MS for low detection limited. Where the composite sample had elevated gold, base metal or PGE assays, the 1m sample was then submitted for analysis. Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, 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). • RC Drilling was conducted by SBD Drilling, utilising an Atlas Copco Explorac 220RC rig using a face sampling hammer. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • The sample quality is described in A79252 as being “Good” • There is no further discussion of sample quality in A79252 Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • All sample intervals were geologically logged and entered into a digital database. Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub- • The RC samples described in WAMEX report A79252 are described as being riffle split and spear sampled where riffle split sampling methods were used to collect 1m samples and spear sampling methods were used to collect 4m composite samples. There is no further discussion about sample quality, sample control or subsetting of samples 14 Criteria JORC Code explanation Commentary sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. within A79252. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • The samples were assayed at Actlabs Pacific for ICPMS analysis. • One duplicate sample was submitted for each 20 samples. • The sample size is considered to be appropriate for the material grain size. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • There has been no independent verification of the presented assay results or logging methodology • Dundas intends to twin selected holes to validate grades, widths and orientations. Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • Drill hole surveys was undertaken using an Omnistar differential GPS in MGA94Z51. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation proc