Golden Cross Resources Limited announced that following reinstatement to quotation on 18 February 2022, company has engaged H&S Consultants, who have extensive experience of porphyry style mineralisation, and long term familiarity with Copper Hill, to review the resource estimate history at Copper Hill. The purpose was to comment on a potential re-estimation, if warranted, from a review of various criteria, along with recommendations for additional drilling that may be required to bring peripheral zones of mineralisation into a future resource estimate update. The review recommendations may contribute substantially to the design of further feasibility studies.

HSC have finalised a brief formal review of the 2015 Mineral Resource Estimate (MRE) and an Executive Summary of the Review is attached. The major recommendations of the HSC review are: Historical core holes with long assay intervals should be admitted to the MRE, providing the data is unbiased and particularly if there is no other information available nearby; Hard grade domain boundaries should not be used in the estimation of metal grade distributions at Copper Hill; HSC advocates considering the resource classification on a local basis; This approach would likely result in the reinstatement of at least part of the pre-2015 Measured Mineral Resources; The Copper Hill MRE should be re-estimated, implementing the recommendations listed.