Traka Resources : More high-grade gold and copper intercepts at Mt Cattlin

ASX/Media Announcement

25 February 2022

only	More significant high-grade gold and copper
intercepts at Mt Cattlin Project, WA
	Results continue to reveal high-grade gold and copper at the Revival, Maori Prince,
	Maori Chief and Revelation prospects - all hosted within a large porphyry intrusive
	complex
useKey Points:
personal	• At Revival, drilling near historical, small and shallow prospector pits intersected shallow
high-gradeintrusive-related gold and copper mineralisation within a 50m wide zone. Assays
• At Maori Prince and Maori Chief, drilling tested around previous high-grade intercepts of
	include: 4m @ 5.53g/t Au from 76m downhole including 1m @ 18.9g/t Au, and 7m@ 5.91g/t

Ag, 1.56% Cu from 86m downhole including 1m @ 8.96g/t Ag and 1.56% Cu and 1m @ 14g/t Ag and 2.33% Cu (RAGC094).

• Revival is located on a 1km long trend extending south-west towards the Plantagenet

Prospect, where drilling returned high-grade results earlier this year. This trend is a priority focus for follow-up exploration.

4m @ 20.4g/t Au including 1m @ 79g/t Au in RAGC056 (Maori Prince) and 4m @ 2.35g/t including 2m @ 4.16g/t Au (Maori Chief). Peak results included 1m @ 7.14g/t Au, 0.19g/t Ag and 0.01% Cu from 100m down-hole (RAGC067) and 1m @ 5.34g/t Au, 0.19g/t Ag and from 47m down-hole (RAGC068).

• At Revelation, one additional hole drilled into a previously defined 400m-long mineralised intrusive returned a peak intersection of 1m @ 0.6g/t Au, 5.32g/t Ag and 0.60% Cu from 178m down-hole (RAGC096). This result confirms the mineralisation extends into the main body of the intrusive and north-east from the previous intersections associated with networked stringer sulphides and DHEM anomalies.

ForTraka Resources Limited (ASX: TKL; Traka or the Company) is pleased to advise that it has received further encouraging assay results from drilling completed in December 2021 on its 100%-ownedMt Cattlin Gold-CopperProject, located immediately adjacent to the Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt in the south-west of Western Australia.

The results continue to highlight the excellent potential of the Mt Cattlin Project to host significant mineralisation across multiple targets, providing a strong foundation for ongoing exploration in 2022.

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

ASX: TKL	Ground Floor	Tel: (+61)	8 9322 1655
ABN 63 103 323 173	43 Ventnor Avenue	Fax: (+61)	8 9322 9144
West Perth 6005	www.trakaresources.com.au
	Western Australia	[e-mail]

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

The Revival Prospect

Four RC (Reverse Circulation) drill-holes were completed at Revival to test under old prospector-scale workings. The workings are at the north-eastern end of a mineralised structure extending over 1km through the Ellendale and Plantagenet Prospects (Figure 1).

Drilling tested the central portion of a 400m-long coincident aeromagnetic and gold-in-soil auger geochemical anomaly and coincident surface copper pXRF soil geochemical anomaly (Figure 2). The geochemical anomalism extends north-west for another 500m over the nearby Parramatta and Aragon

ForProspects (Figure 3).

The drilling delivered a peak intersection as summarised below (presented in full in Table 1 and 2 with the JORC Table 1 details provided in the Annexure):

• 4m @ 5.53g/t Au including 1m @ 18.90 g/t Au,
• 1m @ 5.91g/t Ag and 0.98% Cu, and
• 1m @ 14g/t Ag and 2.33% Cu from 76m down hole (RAGC094).

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Figure 2. An aeromagnetic image of the Mt Cattlin Gold-Copper Project showing key prospects with pXRF Cu+As pXRF soil geochemical anomalism on the Revival and other prospect areas.

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personal Figure 3. A plan view of the Revival Prospect shown historic and new drill hole location on aeromagnetic

image with geochemistry information draped over.

The holes intersected gold (Au), copper (Cu) and silver (Ag) mineralisation in a zone at least 50m wide (Figures 4 and 5) within mafic intrusive and porphyry rocks. This is similar to that found at Plantagenet and Ellendale and continues to demonstrate the extensive level of mineralisation within the intrusive complex

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(1) (2)

at Mt Cattlin

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Historical drill-holes RR0041 to RR0046 plus RR0045, RR0046, RR0076 and RR0077 were drilled into the 400m-long zone but were all stopped at 30m down-hole depth, at or just below the base of oxidation. Low-level gold was intersected in a number of these holes but there were no assays for copper or other elements.

Traka's subsequent deeper drilling at Revival and at the other targets such as Ellendale continues to demonstrate the potential for deeper mineralisation not adequately tested by historical drilling.

For personal use only

Figure 4. A cross-section of the mineralisation intersected at the Revival Prospect.