3D Resources : Gibraltar Drilling Result Show Potential for Major Deposit

ASX Announcement

23 May 2022

GIBRALTAR DRILLING RESULTS SHOW POTENTIAL FOR MAJOR DEPOSIT

AT ADELONG GOLD PROJECT NSW

Highlights

• Gibraltar Mine drilling demonstrates the potential for a major deposit and generation of additional open

	cut resources
only• Exceptional results at Gibraltar from exploratory drill hole 3DGIB003 with multiple veins and
use	intersections at shallow depths including:
o 1m @3.36g/t Au from 2 metres (3DGIB003);
o 5m@ 3.8g/t Au from 13 metres (3DGIB003);
o 3m @ 1.96g/t Au from 25 metres (3DGIB003);
o 1m @ 4.18g/t Au from 38 metres (3DGIB003)
o	1m	@ 5.36g/t Au from 47 metres (3DGIB003); and
o	1m	@ 9.02g/t Au from 82 metres(3DGIB004).
• Significant intersection encountered at Caledonian Deposit within a broader mineralised zone including:
personalreturn, but also showed that any additional resources can add significantly to the bottom line.
	o	6m	@ 6.68g/t Au from 52m (CAL009), including
		1m	@ 16.65g/t Au from 53 metres.

• Initial drilling results received with remainder to follow shortly

3D Resources Limited (ASX:DDD) (3D Resources or the Company) is pleased to announce that it has received impressive first assay results from the recent the drilling program at the Gibraltar Mine and the Caledonian Deposit within the Adelong Goldfield in Southern NSW.

This drilling program was designed to explore the significant potential of the Gibraltar Mine and improve the geological understanding of the Caledonian Deposit with the aim to upgrade the current inferred resources to a higher classification for inclusion in and finalisation of the Company's Scoping Study.

This initial exploration program at Gibraltar represents a shift in the company's focus after having completed the Scoping Study that demonstrates the resources at Adelong can generate a commercially attractive financial

Managing Director Mr. Peter Mitchell commented:

For

"The results received to date are extremely promising and could offer the potential for a major resource. The initial assays from reconnaissance drill holes at Gibraltar are excellent. Hole 3DGIB003 has shown the presence of multiple veins (5) and wide mineralised zones at shallow depths to the west of the Perkin's Shaft. Equally hole 3DGIB004 has intersected a 1m vein deposit averaging 9.02g/t Au which makes it also a target for further exploration work.

We are also very pleased with the initial results from CAL009 which confirm the presence of wide intersections at Caledonian. We look forward to receiving the remaining assay results very soon."

3D Resources Ltd | www.3dresources.com.au | ASX: DDD

4/91 William Street, Melbourne VIC | T: [phone] | E: [e-mail]

ASX Announcement

23 May 2022

Gibraltar Mine
The results from drill hole 3DGIB003 have proven exceptional and have confirmed the potential of this area for
only
generating additional open cut resources with multiple veins and intersections at very shallow depths. 3DGIB003
is the western most drill hole and the mineralisation is open to the west as there has been no exploration or
mining west of this drill intersection. Equally the first vein was intersected at just 2 metres and the full width of
the mineralised zone has yet to be determined.
Table 1: Drilling Results from Gibraltar
personal use	GIBRALTAR	Easting	Northing			Azimuth	Inclination
MGA94	MGA94	Elevation	Depth	Intersections
HOLES
(z.55)	(z.55)	(m RL)	(m)	(o N Grid)	(o)
3DGIB003		595,535	6,095,751	303	82	158.7	-60.0	1m @3.36g/tAu from 2metres
								5m @3.8g/t Au from 13metres
								3m @1.96g/tAu from 25metres
								1m @ 4.18g/t Au from 38metres
								1m @ 5.36g/tAu from 47metres
3DGIB004		596,067	6,095,837	476	100	334.6	-50.2	1m @ 9.02g/tAu at 82metres
For				Figure 1: Drilling Rig setting up to drill hole 3DGIB003

The Gibraltar drilling program was exploratory in nature as there had been very limited drilling in the past, despite the Gibraltar mine historically being one of the largest gold producers in the Adelong Goldfield. Much of the historical production had come from a single high grade narrow vein deposit "Main Vein" worked extensively in the O'Brien Shaft workings which produced about 140,000oz at an average grade of 34g/t Au.

The historical mine records showed there were multiple veins discovered (at least 5) in the Gibraltar area so the focus of this initial program was to target the Perkin's Shaft Workings with 3 drill holes. This site was chosen as historical records described wider mineralisation and described silicic alteration of the granites but the records did not detail where this mineralisation was located within the Perkin's workings. The company therefore drilled 3 shallow holes designed to potentially locate these deposits at a depth that would offer open cut potential.

www.3dresources.com.au

Figure 2: Showing the location of drilling around the Perkin's Shaft

ASX Announcement

23 May 2022

onlyuse

personalWhat is potentially more exciting about the recent results of 3DGIB003, is the location of this drill hole with regards the regional geology. Since the Company acquired this project it has formulated a view that the key

geological control that determines the location of deposits is the presence of NE/SW trending structures with the major N-S (or NNW/SSE) shear zones. The Gibraltar area is a prime target as the NE trending mineralised veins at Gibraltar would intersect the largest shear zone in the region (Wondalga Shear) just 400m to the west of hole 3DGIB003. This shear is located below the Adelong Creek and historical records show that most the alluvial production (400,000oz) came from dredging the Adelong Creek downstream from the Gibraltar mine, so it represents one of the best potential targets for major mineralisation.

For

Figure 3: Drilling rig at Hole 3DGIB004 the Gibraltar Mines located down the hill to the right of the rig

www.3dresources.com.au

ASX Announcement

23 May 2022

A further drill hole at Gibraltar (3DGIB004) (See Figure 3) evaluated the potential for eastern extension of the Gibraltar deposits in an area that largely remains untouched and intersected a single vein with a 1 metre

intersection averaging 9.02g/t Au from 82 metres. onlyCaledonian Deposit

The Caledonian drill program comprised 15 drill holes designed to improve the geological understanding of the Caledonian Deposit to both infill and upgrade the Caledonian Resource and also to explore some potential areas for extensions.

Impressive drill hole results from CAL009 showed a 6 metre intersection grading 6.68g/t Au (including a one metre assay of 16.65g/t Au) all contained in a broader 13 metre mineralised zone with assays between 0.1-0.6g/t

useAu in the surrounding halo.

Based on the initial infill drilling results it appears hole CAL009 has confirmed the wide mineralised zone noted during logging and some of the holes further south also look extremely promising based on the geological logging completed. Once all the results for Caledonian drilling have been received these results will be incorporated into the JORC Resource model.

personalFor	Table 2: Drilling Results for the Caledonian Deposit
CALEDONIAN	Easting	Northing			Azimuth	Inclination
	MGA94	MGA94	Elevation	Depth	Intersections
	HOLES
	(z.55)	(z.55)	(m RL)	(m)	(o N Grid)	(o)
	3DCAL009	597,056	6,094,919	424	65	270.0	-55.0	6m @ 6.68g/t Au from 52metres

Figure 4 Location of Drill holes at Caledonian with CAL009 located as the Northern most hole

-ENDS-

www.3dresources.com.au

ASX Announcement

23 May 2022

Released with the authority of the board.

only
For further information on the Company and our projects, please visit: 3dresources.com.au
Contact:
3D Resources Ltd
Peter Mitchell	Andrew Draffin	Mark Flynn
Managing Director	Company Secretary	Investor Relations
[e-mail]	[e-mail]	[e-mail]
use	[phone]	[phone]
[phone]

About 3D Resources Ltd

3D Resources Limited is a minerals explorer targeting high value commodities with a particular focus on Gold personaland owns the Adelong Goldfield in New South Wales (NSW). In May 2020, 3D Resources took control of the Adelong Goldfield which covers 70km2, comprising the old Adelong Gold Project situated in Southern NSW

located approximately 20km from Tumut and 80km from Gundagai. The project now carries a JORC (2012) Resource, following the resource upgrade in August 2020 of 171,700 oz of gold as well as 17 freehold properties with all mining and processing plant equipment onsite. Until recently, Adelong was a producing mine.

Competent Persons Statement

Information in this "ASX Announcement" relating to Exploration Results, geological data , and metallurgical testing has been compiled by Mr. Peter Mitchell. Mr Peter Mitchell is a Member (#104810) of the Australasian Institute of Mining and Metallurgy, the Institute of Materials, Minerals and Mining and the Canadian Institute of Mining, Metallurgy and Petroleum. He is Managing Director and paid by 3D Resources Ltd. Peter Mitchell has sufficient experience that is relevant to the style of mineralisation and types of deposits under consideration and to the activity being undertaken to qualify as a Competent Person (CP) as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code) Mr Peter Mitchell believes that these Resource Estimates fairly represent the resources the subject of this

Report.

For

www.3dresources.com.au