Ann: Cervantes Pansy Pit keeps giving Gold, page-5

Next Steps

A fuller assessment of these drilling results will be undertaken to better understand the controls on gold mineralisation. The historic hole collars no longer exist; Cervantes may decide to redrill those holes to more fully test the area for gold mineralisation in the light of the conclusions drawn from this drilling campaign. Holes unable to be drilled during this campaign will be re-assessed for possible future completion.

A more regional assessment of the Pany mineralisation will be undertaken, particularly in light of the gold anomalism seen in aircore drilling to the south east of the pit (ASX announcement 11 July, 2018.)

Cervantes is now in a position to review all the completed drilling programs carried out on all the relevant projects and prepare new drilling programs, budgets and submit work programs. At this stage it is expected we would commence with expansion drilling at Albury Heath in Meekatharra, where spectacular 2oz, 3oz and up to 6oz results occurred.

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