Manhattan : Interim Financial Report for Half Year Ended 31 December 21

About this update from Manhattan Gold Corporation Limited

For personal use only Interim Financial Report For the Half-Year Ended 31 December 2021 ABN 61 123 156 089 CONTENTS PAGE CONTENTS only CORPORATE DIRECTORY DIRECTORS REPORT AUDITOR'S INDEPENDENCE DECLARATION CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME use CONSOLIDATED STATEMENT OF FINANCIAL POSITION CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CHANGES IN EQUITY personal NOTES TO THE FINANCIAL STATEMENTS DIRECTORS' DECLARATION INDEPENDENT AUDITOR'S REVIEW REPORT For PAGE 1 2 14 15 16 17 18 19 24 25 CORPORATE DIRECTORY For personal use only Directors Mr Marcello Cardaci (Non-Executive Chairman) Mr Kell Nielson (Executive Director and Chief Executive Officer) Mr John Seton (Non-Executive Director) Company Secretary Ms Eryn Kestel Registered Office Level 2 33 Colin Street West Perth WA 6005 Telephone: +61 8 9322 6677 Facsimile: +61 8 9322 1961 Website: www.manhattancorp.com.au Email: [email protected] Share Registry Computershare Investor Services Pty Ltd Level 2 Reserve Bank Building 45 St Georges Terrace Perth WA 6000 Australia Telephone: 1 300 850 505 Facsimile: + 61 8 9323 2033 Auditors Rothsay Auditing Level 1, Lincoln House 4 Ventnor Avenue West Perth WA 6005 Securities Exchange The Company's securities are quoted on the official list of the Australian Securities Exchange Limited, the home branch being Perth. ASX Codes: MHC and MHCO Manhattan Corporation Limited 1 2021 Half-Year Report to Shareholders DIRECTORS REPORT The Directors present their report for Manhattan Corporation Limited ("Manhattan" or "the Company") and its subsidiaries ("the Group") for the half-year ended 30 December 2021. RESULTS OF OPERATIONS only The Group's net loss after taxation attributable to the members of Manhattan Corporation for the half-year to 31 December 2021 was $306,565 (31 December 2020: $358,264). OVERVIEW During the half-year ended December 2021, Manhattan Corporation Limited (MHC or the Company) continued to advance the Tibooburra Gold Project, with a Reverse Circulation (RC) drill programme where significant high- grade mineralisation was intercepted. TIBOOBURRA GOLD PROJECT use New South Wales MHC Controls 100% of the Tibooburra Gold Project in the Far NW of New South Wales (NSW) through it's fully owned subsidiary Awati Resources Pty Ltd (Awati). The Tibooburra Gold Project comprises a nearly contiguous land package of 15 granted exploration licences (~2,200 square kilometres) that are located approximately 200km north of Broken Hill. It stretches 160km south from the historic Tibooburra townsite and incorporates a large proportion of the Albert Goldfields (which produced personal in excess of 50,000 to 100,000 ounces of Au from auriferous quartz vein networks and alluvial deposits that shed from them during its short working life), along the gold-anomalous (soil, rock and drilling geochemistry, gold workings) New Bendigo Fault, to where it merges with the Koonenberry Fault, and then strikes further south on towards the recently discovered Kayrunnera gold nugget field. The area is conveniently accessed via the Silver City Highway, which runs N-S through the project area. For Figure 1: Location of the Tibooburra Gold Project Manhattan Corporation Limited 2 2021 Half-Year Report to Shareholders DIRECTORS REPORT (Continued) For personal use only Figure 2: Prospective Palaeozoic gold terrains (green shading) of NSW and Victoria. New Bendigo RC Drilling - October-November 2021 After a pause in exploration activities caused by the outbreak of Covid-19 in NSW, MHC completed twenty (20) Reverse Circulation Drill (RC) Holes (NB0073-0092) for 2,131 metres at its Tibooburra Gold Project located in north-western NSW during the reporting period. Drilling focussed on testing the shallow nature of identified mineralisation, including targeting the north plunging shoots within the lower grade NNW trending mineralised corridor that extends for approximately 650 metres of strike. Drilling successfully intersected high-grade mineralised zones that are thought to form two separate north plunging shoots located to the north and south of a cross-cutting fault, though further drilling is required in this area to confirm the synopsis, specifically in the vicinity of the fault and the continuation of the shoots at depth where they remain open. Drilling returned significant mineralisation in addition to the previously reported near surface high-grade central zone (Figure 1), including: 8m at 40.5 g/t Au from 70m, including 3m at 105.34 g/t Au (NB0089) 16m at 13.89 g/t Au from 1m, including 3m at 69.20 g/t Au (NB0083) 7m at 2.89 g/t Au from 56m, including 1m at 15.45 g/t Au (NB0088) 6m at 1.93 g/t Au from 12m, including 2m at 4.29 g/t Au (NB0090) 3m at 4.67 g/t Au from 126m, including 2m at 6.74 g/t Au (NB0081) 8m at 1.08 g/t Au from 18m, historically mined stope from 10.5 to 14m (NB0079) Manhattan Corporation Limited 3 2021 Half-Year Report to Shareholders This is an excerpt of the original content. To continue reading it, access the original document here .

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