Ark Mines : Information Form and Checklist Annexure 1

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Information Form and Checklist

Annexure 1 (Mining Entities)

Name of entity		ABN/ACN/ARBN/ARSN
Ark Mines Ltd		123 668 717

This Annexure forms part of the Information Form and Checklist supplied by the entity named above to support its application for admission to the official list of ASX Limited (ASX) as an ASX Listing.

A reference in this Annexure to JORC means the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Resources - 2012 Edition, a copy of which is included in Annexure 5A of the Listing Rules. Terms used in this Annexure which are defined in JORC (including, without limitation, 'exploration target',' exploration results',' mineral resource', 'ore reserve' and 'competent person') have the same meaning as in JORC.

No Item

Location/Confirmation

General requirements

Complete this section if the Offer Document includes any reference to an exploration target, exploration results or estimates of mineral resources or ore reserves.

1. Where in the Offer Document does it state that the exploration target,	Section 5 of the Independent Technical
exploration results or estimates of mineral resources or ore reserves (as the	Report (section 11 of the prospectus)
case may be) have been prepared and reported in accordance with JORC
(Listing Rule 5.6)?1

For personal

2. Where in the Offer Document does it state:

• that the exploration target, exploration results or estimates of mineral resources or ore reserves (as the case may be) are based on, and fairly represent, information and supporting documentation prepared by a named competent person2 or persons (Listing Rule 5.22(a) for material mining projects and JORC clause 9 for other projects);
• whether the competent person is an employee of the mining entity or a related party and, if not, the name of the competent person's employer
  (Listing Rule 5.22(b) for material mining projects and JORC clause 9 for other projects)?
• the name of the professional organisation of which the competent person is a member (Listing Rule 5.22(c) for material mining projects and JORC clauses 9 and 11 for other projects); and
• that the competent person has given his or her prior written consent as to the form and context in which the exploration target, exploration results or estimates of mineral resources or ore reserves (as the case may be) and the supporting information are presented in the Offer Document (Listing Rule 5.22 for material mining projects and JORC clause 9 for other projects)?

Section 1.5 of the Independent Technical Report

Section 12 of the Independent Technical Report

Section 12 of the Independent Technical Report and section 15.5 of the prospectus

1. The Offer Document must use terminology consistent with the terms in Figure 1 of JORC. Terms such as 'mining inventory' or 'mineable resource' are not allowed.
2. JORC clause 11 defines a 'competent person' as a minerals industry professional who is a Member or Fellow of The Australasian Institute of Mining and Metallurgy, or of the Australian Institute of Geoscientists, or of a 'Recognised Professional Organisation', as included in a list available on the JORC and ASX websites. The person must have a minimum of five years relevant experience in the style of mineralisation or type of deposit under consideration and in the activity which that person is undertaking. If the competent person is preparing documentation on exploration results, the relevant experience must be in exploration. If the competent person is estimating, or supervising the estimation of mineral resources, the relevant experience must be in the estimation, assessment and evaluation of mineral resources. If the competent person is estimating, or supervising the estimation of ore reserves, the relevant experience must be in the estimation, assessment, evaluation and economic extraction of ore reserves.

ASX Listing Information Form and Checklist Annexure 1 (01/12/19)appendix-1a-information-form-and-checklist-annexure-1-mining-entities (Ark Mines) (29

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No	Item	Location/Confirmation
3.	Please enter "Confirmed" in the column to the right to indicate that the Offer	Confirmed, Section 11 of the
	Document discloses any potential conflict of interest any of the named	Independent Technical Report
	competent persons may have and, if it does, indicate where in the Offer
	Document that disclosure has been made (JORC clause 9)?

For personal use only

4. Is there an Independent Geologist's Report included in the Offer Document?

If so, where does it state that any exploration target, exploration results or estimates of mineral resources or ore reserves (as the case may be):

• are based on, and fairly represent, information and supporting documentation prepared by a named competent person or persons;
• the name of the professional organisation of which the competent person is a member; and
• that the competent person has given his or her prior written consent as to the form and context in which the exploration target, exploration results or estimates of mineral resources or ore reserves (as the case may be) and the supporting information are presented in the report (Listing Rule 5.22 for material mining projects and JORC clause 9 for other projects)?

Is the Independent Geologist's Report either a technical assessment report, valuation report, or fairness and reasonableness report prepared in accordance with the Valmin Code?

If so, where does it state in the report the declarations required by section 12 of the Valmin Code?

1. Does the Offer Document include a "metal equivalents" calculation?
   If so, where does the Offer Document include the following information required under JORC clause 50:
2. • individual grades for all metals included in the metal equivalent calculation;
   • except where the information is commercially sensitive, the assumed commodity prices for all metals;3
   • assumed metallurgical recoveries for all metals and a discussion of the basis on which the assumed recoveries are derived (metallurgical test work, detailed mineralogy, similar deposits, etc);4
   • a clear statement that it is the entity's opinion that all the elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold; and
   • the calculation formula used?
3. Please enter "Confirmed" in the column to the right to indicate that the Offer Document does not include any reference to "in situ" or "in ground" values
   (JORC clause 51).

Yes

Sections 3, 5 & 12 of the Independent Technical Report

The report is a technical assessment report as defined in the VALMIN Code. The declarations are in section 1 of the Independent Technical Report.

No.

Confirmed

1. Actual assumed prices should be disclosed. It is not sufficient to refer to a "spot price", without disclosing the actual price in question. Where the actual assumed prices used are said to be commercially sensitive, the entity must disclose sufficient information, perhaps in narrative rather than numerical form, for investors to understand the methodology it has used to determine these prices.
2. Estimates of metallurgical recoveries for each metal must be used to calculate meaningful metal equivalents. Reporting on the basis of metal equivalents is not appropriate if metallurgical recovery information is not available or able to be estimated with reasonable confidence.

ASX Listing Information Form and Checklist Annexure 1 (01/12/19)appendix-1a-information-form-and-checklist-annexure-1-mining-entities (Ark Mines) (29

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For personal use only

No ItemLocation/Confirmation

Exploration targets

Complete this section if the Offer Document includes any reference to an exploration target.

7.	Where in the Offer Document does it disclose a detailed explanation of the	N/A, no exploration target.
	basis for the exploration target, including whether the target is based on
	actual exploration results or on proposed exploration programmes and a
	specific description of the level of exploration activity already completed
	(JORC clause 17)?
8.	Where in the Offer Document does it state the proposed exploration	N/A, no exploration target.
	activities designed to test the validity of the exploration target and the
	timeframe within which those activities are expected to be completed (JORC
	clause 17)?
9.	Where in the Offer Document does it include the required statement by a	N/A, no exploration target.
	named competent person taking responsibility for the form and context in
	which the exploration target appears (JORC clause 17)?
10.	Where in the Offer Document does it include the required clarification	N/A, no exploration target.
	statement that the potential quantity and grade is conceptual in nature, that
	there has been insufficient exploration to estimate a mineral resource and
	that it is uncertain if further exploration will result in the estimation of a
	mineral resource (JORC clause 17)?5
11.	Please enter "Confirmed" in the column to the right to indicate that the	N/A, no exploration target.
	following JORC requirements have been satisfied:
	• information relating to the exploration target has been expressed so that
	it cannot be misrepresented or misconstrued as an estimate of a mineral
	resource or ore reserve and the terms "resource" and "reserve" have not
	been used in this context (JORC clause 17);
	• the exploration target is expressed as a tonnage and grade range and as
	an approximation only (JORC clause 17);
	• the Offer Document includes a description of the process used to
	determine the grade and tonnage ranges used to describe the
	exploration target (JORC clause 17);
	• there are no "headline statements" in the Offer Document referring to the
	exploration target (JORC clause 17); and
	• the exploration target does not include a "metal equivalent" estimate or
	calculation (JORC clause 50).
Exploration results
Complete this section if the Offer Document includes any reference to exploration results
12.	Where in the Offer Document is the separate report in relation to each of the	Appendix 1 of the Independent
	criteria in sections 1 and 2 of JORC Table 1 (Listing Rule 5.7.1)?6	Technical Report

5

6

Note that the clarification statement must be within the same paragraph as the first reference to the exploration target in the Offer Document.

If an entity that determines that any of the criteria is not material to understanding the exploration results, the entity must identify the criteria and explain why it has determined that it is not material to that understanding.

/cont.

ASX Listing Information Form and Checklist Annexure 1 (01/12/19)appendix-1a-information-form-and-checklist-annexure-1-mining-entities (Ark Mines) (29

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No	Item	Location/Confirmation
13.	Where in the Offer Document is the separate table setting out the following	Section 11 "Independent Technical
	information for material drill-holes (unless the entity determines that the	Report'.
	information is not material):7	Pluton: Table 5
	• easting and northing of the drill-hole collar;
	• elevation or RL of the drill-hole collar;
	• dip and azimuth of the hole;
	• down hole width and depth; and
	• end of hole (Listing Rule 5.7.2)?

personal use

14. Please enter "Confirmed" in the column to the right to indicate that the following JORC requirements have been satisfied:

• if the exploration results relate to mineralisation not classified as a mineral resource or ore reserve, then estimates of tonnages and average grade have not been assigned to the mineralisation except as an exploration target in accordance with JORC clause 17 (JORC clause 18);
• if true widths of mineralisation are not reported, an appropriate qualification has been included in the Offer Document (JORC clause 19);
• clear diagrams and maps designed to represent the geological context have been included in the Offer Document which include a plan view of drill hole collar locations and appropriate sectional views (JORC clause 19);
• there has been no selected disclosure of information such as isolated assays, isolated drill holes, assays of panned concentrates or supergene enriched soils or surface samples, without placing them in perspective (JORC clause 19);
• if the Offer Document includes exploration results based on rock chip or grab sampling, the location (represented as a table, diagram or map), total number and assay results for the sampling have been included for each sample so as to ensure samples are representative and not selectively reported (JORC clause 19 and JORC Table 1); and
• if the Offer Document reports visual results in the absence of assays, it does not include any reference to the grade or economic potential of the mineralisation (Example D in Annexure A of Guidance Note 8).

Confirmed, as there are no estimates of tonnage and average grade assigned to mineralisation.

Confirmed, as true widths of mineralisation are not reported

Confirmed

Confirmed

Confirmed

Confirmed

For

Mineral resources

Complete this section if the Offer Document includes any reference to an estimate of mineral resources.

15.	Where in the Offer Document does the competent person explicitly discuss	N/A, no mineral resources.
	the basis for the reasonable prospects for eventual economic extraction of
	the mineral resource (JORC clause 20)?
16.	Where in the Offer Document does the competent person explicitly discuss	N/A, no mineral resources.
	the technical and economic support for the cut-off assumption applied
	(JORC clause 20)?
17.	Where in the Offer Document does it disclose the relevant geology and	N/A, no mineral resources.
	geological interpretation (Listing Rule 5.8.1 first bullet point)?8

1. An entity that determines that a drill-hole table setting out the information described above is not material, is not required to attach the table to the Offer Document but must explain why it has determined that the table is not material to understanding the exploration results.
2. Note that the information referred in items 17-24should be disclosed independently from the separate report in relation to each of the criteria in sections 1, 2 and 3 (and 5 if appropriate) of JORC Table 1 required under Listing Rule 5.8.2 mentioned in item 25 below.

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No Item

1. Where in the Offer Document does it disclose the entity's sampling and sub- sampling techniques (Listing Rule 5.8.1 second bullet point)?
2. Where in the Offer Document does it disclose the entity's drilling techniques (Listing Rule 5.8.1 third bullet point)?
3. Where in the Offer Document does it disclose the criteria used for classification, including drill and data spacing and distribution - this includes separately identifying the drill spacing used to classify each category of mineral resources (inferred, indicated and measured) where estimates for more than one category of mineral resource are reported (Listing Rule 5.8.1 fourth bullet point)?

Location/Confirmation

N/A, no mineral resources

N/A, no mineral resources

N/A, no mineral resources.

For personal use

21. Where in the Offer Document does it disclose the entity's sample analysis	N/A, no mineral resources
method (Listing Rule 5.8.1 fifth bullet point)?
22. Where in the Offer Document does it disclose the entity's estimation	N/A, no mineral resources.
methodology (Listing Rule 5.8.1 sixth bullet point)?
23. Where in the Offer Document does it disclose the entity's cut-off grade(s),	N/A, no mineral resources.
including the basis for the selected cut-off grade(s) (Listing Rule 5.8.1
seventh bullet point)?
24. Where in the Offer Document does it disclose mining and metallurgical	N/A, no mineral resources.
methods and parameters, and other material modifying factors considered to
date (Listing Rule 5.8.1 eighth bullet point)?
25. Where in the Offer Document is the separate report in relation to each of the	N/A, no mineral resources
criteria in sections 1, 2 and 3 (and 5 if appropriate) of JORC Table 1 (Listing
Rule 5.8.2)?9
26. Please enter "Confirmed" in the column to the right to indicate that the	N/A, no mineral resources.
following JORC requirements have been satisfied:
• the mineral resource estimate has been appropriately classified
according to increasing geological confidence (ie inferred, indicated or
measured - JORC clause 20-24);
• if an estimation of an inferred mineral resource is presented on the basis
of extrapolation beyond the nominal sampling spacing and taking into
account the style of mineralisation, the report contains sufficient
information to inform the reader of:
• the maximum distance that the resource is extrapolated beyond the
sample points;
• the proportion of the resource that is based on extrapolated data;
• the basis on which the resource is extrapolated to these limits; and
• a diagrammatic representation of the inferred mineral resource
showing clearly the extrapolated part of the estimated resource
(JORC clause 21);
• the mineral resource estimate has been rounded off to appropriately
significant figures, is referred to as an estimate not as a calculation and,
in the case of inferred mineral resources, is qualified by the term
'approximately' (JORC clause 25);

9 If an entity that determines that any of the criteria is not material to understanding the estimate of mineral resources, the entity must identify the criteria and explain why it has determined that it is not material to that understanding.

ASX Listing Information Form and Checklist Annexure 1 (01/12/19)appendix-1a-information-form-and-checklist-annexure-1-mining-entities (Ark Mines) (29

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