Jutt Holdings Limited

Operations

Onslow Project

The Onslow Project is situated in the south-west Pilbara region of Western Australia, 68 kilometres south-southeast of the coastal town of Onslow.

Jutt Holdings has the right to acquire up to a 51% participating interest in the Onslow Project Tenements, which cover a total area of 170 hectares and comprise two granted mining leases, the Range Prospect (M08/272, 120 hectares) and the Turtle Prospect (M08/273, 70 hectares).

Positive historical drill results have revealed that both mining leases are prospective for silver, lead and copper. These historical results suggest that the Range and Turtle Prospects are part of a targeted shear linear system within granite rock types, hosting galena as lead sulphide, copper as copper sulphide and silver. Jutt Holdings intends to conduct audits, drilling at depth, and geochemical and metallurgical testing to assess the resource mineralisation.

Range Prospect

Several drilling programs at the Range prospect have tested vertical depths below surface down to 98 metres. Some intersections include 3.5% lead and 38 g/t silver over seven metres from 27 metres, 7% lead and 60 g/t silver over 5 metres from 22 metres and 2.8% lead and 15 g/t silver over 18 metres from 80 metres. The historical drilling suggests depth continuity and deeper drilling is required to confirm that ore exists open ended at depth.

The Range Prospect also hosts an untested buried geophysical target, which is a specific electro magnetic (EM) response, possibly representing a separate mineralised lode previously unrecognized by historical drilling. The geophysical EM target is measured as a 60 metre x 60 metre body of unknown width and runs parallel to the old Range mine workings with a top to the target at about 50 metres depth from the surface. Further geophysical surveying is required to complete the part EM work carried out to date at both Range and Turtle Prospects.

Turtle Prospect

Historical data for the Turtle Prospect, from drilling and assays, suggest copper, lead and silver mineralisation. Historical drilling has outlined a wider mineralised system than the Range Prospect and suggests that mineralisation is open ended at depth, to be proven by deeper drilling over a greater area.

Surface mineralisation at the Turtle Prospect persists at depth close to an abandoned shaft. Some of the RC intercepts of interest include 3.3% copper, 1.9% lead and 277 g/t silver over 11 metres from 21 metres, and 1.8% copper, 0.5% lead and 30 g/t silver over 8 metres from 11 metres.