The Ulysses deposit lies within the Archaean-aged Norseman to Wiluna greenstone belt. Host rocks comprise a sequence of dolerite and basalt units. Gold mineralisation is associated with a strongly altered, distinctive assemblage of biotite-sericite-albite-pyrite ± carbonate alteration and quartz veining located within a regionally extensive WNW trending shear zone termed the Ulysses Shear. Depth of complete oxidation is approximately 30m to 40m with depth to fresh rock approximately 45 to 60m.

Within the shear zone, discrete zones of mineralisation are typically 2-12m in thickness and dip at 30- 40o to the north. A number of horizons of magnetic dolerite sills occur within the mafic stratigraphy at Ulysses, and where the main shear cuts through these units local thickening and increased grade are evident and form plunging shoots with good continuity of grade and thickness over considerable plunge lengths. The zones are visually distinct and typically display sharp boundaries to the mineralisation.

Drilling at Ulysses extends to a maximum depth of 520m below surface. The mineralisation has been interpreted and estimated to that depth and the mineralisation remains open over much of the 2.7km strike length of the deposit.

Mineralisation within the Admiral, Butterfly and Clark (“ABC”) deposits is visually identifiable due to the strong pyrite-albite-biotite alteration and quartz veining that is present. Mineralisation has been modelled at a 0.3g ........

The Ulysses Underground describes the potential underground mine associated with the Ulysses Mineral Resource, located directly beneath the Ulysses and Ulysses West open pits. The designed mine plan considers two declines from separate portals – one located in each open pit. Two declines are required given the strike length of the ore body.

Estimated Life-of-Mine production based on the Mineral Resources from the Ulysses Underground is approximately 3.02Mt @ 4.13g/t gold for 0.4Moz.

The mine has been designed using a typical long hole open stope technique in a top down sequence for the Ulysses ore body.

Mine design parameters:
Decline gradient - 1 in 7
Decline profile - 5.2m (W) x 5.5m (H)
Stope Strike Length - 45m - 85m (HR 6.5)
Stoping minimum mining width - 1.5m
Level spacing – floor to floor - 10m
Ore drive development profile - 4.0m(W) m x 5.0/3.0m (H) Shanty Back
HW Length - 13m - 18m
Stope dilution - unplanned + planned - 10% + 20% (Varying from 5% - 33%)
Average stope width - 4m (Varying from 1.5 – 12m)
Mining recovery - 95%
Rib pillars - 1:1 Ratio
Haulage - 45t trucks.

The two proposed declines are to be positioned in the hanging wall to the potential underground mine and it is anticipated that the decline will advance at a rate of +100m vertical metres per annum. The position of the declines in the hanging wall to the Resource will allow diamond drilling for gra ........

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