Traka Resources : Growing confidence at Mt Cattlin - 3 new intrusives

ASX/Media Announcement

only				17 March 2022
	Growing confidence at Mt Cattlin - 3 new intrusives
use		Three large untested mineralised intrusives identified below known targets;
Plus, final drill assay results highlight potential for Resource extensions at Sirdar
	Key Points:
		• Latest drill results have delineated a new mineralised hanging wall structure associated
			with the Sirdar Mineral Resource. This structure is defined by a previously reported
personal		intersection of 1.65m @ 19.20g/t Au including 0.50m @ 47.90g/t Au (RAGD038) and a new
	up-dip intersection of 2m @ 2.59g/t Au including 1m @ 4.61g/t Au (RAGC088).
•	The combination of near-surfacegold-copper with deeper intrusive-related mineralisation
		•	The mineralised hanging wall structure coincides with the edge of an IP anomaly and
			coincident gold-in-soil geochemical anomaly extending over several hundred metres.
		• Diamond drilling has also confirmed that the Sirdar Mineral Resource continues down-
			plunge, with a peak intersection of 0.5m @ 3.04g/t Au (RAGD090).
		• The presence of disseminated fine-grained sulphides, alteration and mineralisation below
			the Sirdar Mineral Resource and within the IP anomaly indicates that the Mineral Resource
			remains open at depth and along strike.
		• Meanwhile, new geochemical surveys and data compilation have highlighted the position
			of three buried intrusive bodies underlying or peripheral to the numerous targets tested in
			the last two drill programs.
For		is very encouraging for further discoveries and the delineation of large-scale resources.

• In-fill geochemical sampling and geological investigation is underway to achieve better definition of the new buried targets as well as some of the near-surface opportunities.

• A new phase of drilling will be planned as a priority to test these targets as soon as possible.

ASX: TKL	Ground Floor	Tel: [phone]
ABN 63 103 323 173	43 Ventnor Avenue	Fax: [phone]
West Perth 6005	www.trakaresources.com.au
	Western Australia	[e-mail]

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Traka Resources Limited (ASX: TKL, Traka or the Company) is pleased to advise that recent results have significantly upgraded the discovery potential within its 100%-ownedMt Cattlin Gold-Copper onlyProject, located immediately adjacent to the Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt

in south-west Western Australia.

The results include potential extensions to the existing Mineral Resource at Sirdar, as well as the identification of three buried mineralised intrusives that sit below the existing drill targets but have never been tested by previous drilling.

The locations of the key prospects within the Mt Cattlin Project are shown in Figure 1.

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Figure 1. Aeromagnetic image of the Mt Cattlin Gold-Copper Project showing key prospects. The image shows the Fornorth-east trending gold soil geochemical anomaly extending over 1km between Plantagenet-Ellendale-Revival.

The Sirdar Prospect:

our RC drill holes were planned to test the down-plunge potential of the Sirdar Deposit (133,186t @ 3.40g/t Au) (1), but only one hole, RAGC088, reached its intended target due to very high ground-water flows. A diamond drill-hole tail was added to RAGC090 to achieve target depth in a second position to ensure sufficient information was gathered for future drill planning (Figure 2).

Drill-hole RAGC088 intersected mineralisation which appears to highlight a new mineralised hanging wall structure in a position consistent with the expected down-plunge extension of the Sirdar Mineral Resource (Figure 3).

RAGC088 returned a peak intersection of 2m @ 2.59g/t Au including 1m @ 4.61g/t Au from 168m down-hole, with additional wide intercepts of lower-grade mineralisation above and below indicating an

extensively mineralised zone (Table 1 and 2). A previously reported intersection of 1.65m @ 19.20g/t Au including 0.5m @ 47.90g/t Au on drillhole RAGD038(2) intersected this structure at depth. A

onlyreorientation of drilling would be required to test this structure in future.

Drillhole RAGD090 intersected gold-copper mineralisation in a number of positions down-plunge from the Sirdar Mineral Resource, with a peak intersection of 0.5m @ 3.04g/t Au and 0.21% Cu from 156m down- hole (Figure 4).

The presence of disseminated fine grained sulphides, alteration and mineralisation in this position as well as up- and down-hole account for the IP (Induced Polarisation) geophysical anomaly and confirms that this target remains open at depth.

useThe individual high-grade shoots that comprise the Sirdar Mineral Resource are relatively small features that will require the remaining drill pattern to be completed to properly evaluate the potential for extensions. The newly-identifieddown-plunge extension and mineralised hanging wall structure remains open, with the opportunity to significantly increase the existing Mineral Resource through further drilling.

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Figure 2. An image showing the IP anomaly at 105m depth, drill hole collar positions, cross-section lines, the Sirdar Mineral Resource model, the gold soil geochemical anomaly, the projected position of the hanging wall mineralised structure and where the gently dipping pegmatite dyke comes to surface.

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personalFigure 3. Cross-SectionA-B of the Sirdar Prospect showing the position of the IP anomaly associated with the Sirdar Mineral Resource, the hanging wall mineralised structure and the intersections on it at the margin of IP

anomaly. For

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personalForigure 4. Cross-SectionC-D of the Sirdar Prospect showing the position of the IP anomaly associated with the Sirdar Mineral Resource and intersections down-plunge and within the IP anomaly.