ASX ANNOUNCEMENT/ MEDIA RELEASE ASX:ABU

20 November 2017

RC Drilling has commenced at the Suplejack Project HIGHLIGHTS

1,580 metres of RC drilling has commenced on the following targets on our 100% owned Suplejack Project;

  • Seuss Fault
    • 700m planned, following up on 5m @ 60.9g/t, 13m @ 5.6g/t and 7m @ 4.7g/t gold DD and RC holes

  • Hyperion South / Seuss Intersection
    • 660 metres planned, following up on 1m @ 1.8g/t gold aircore hole

  • Hyperion West
    • 220 metres planned, following up 29m @ 0.2g/t and 12m @0.3g/t gold (historical RAB intersections)

ABM Resources ("ABM" or "Company") is pleased to advise that reverse circulation (RC) drilling has commenced on its 100% owned Suplejack Project in the Tanami Region of the Northern Territory. The Suplejack Project contains a number of mineralised structures being systematically explored.

Drilling identified the Seuss Fault in December 2016 with the first diamond result of 13m @ 5.6g/t gold (ASX announcement 7 December 2016). Subsequent RC drilling confirmed continuity of the structure with key intersections that include 5m @ 60.9g/t, 6m @ 19.4g/t, 3m @19.9g/t and 7m @ 4.7g/t gold (ASX announcement 23 June 2017).

Aircore drilling in July 2017 identified potential extensions to the Seuss mineralisation with best result of 1m @ 1.8g/t gold intersected in aircore to the south to the Seuss RC program (ASX announcement 13 September 2017).

The compilation of historicdataat Hyperion West has identified two significant historic RAB holes that have not been effectively followed up. These are intersections are 29m @ 0.2g/t and 12m @0.3g/t gold.

ABM's Managing Director, Matt Briggs, said:

"Ourunderstandingof the Suplejack Project continues to improve. This project alonehasmultipletargets that have a high potential to deliver. The previous RC results exceeded our expectations with multiple significant intersections. I look forward to theresults from this upcoming drilling as wecontinueto grow the area".

Figure 1. Suplejack RC program drilling locations

Matt Briggs - Managing Director About ABM Resources

ABM is an established gold exploration company with a successful track record of discovery in one of Australia's premier gold mining districts. The Company owns gold resources and extensive prospective land holdings in the Central Desert region of the Northern Territory. The Company leadership has implemented a strategy of aggressive cost management initiatives and is developing a disciplined, tightly focused exploration strategy. Activities are currently focused on the Company's under-explored 21,000km2 Tanami Project area1 and includes:

  • Systematic evaluation of high potential early stage targets

  • Drilling of advanced prospects on the Suplejack Project

  • Assessment of existing resources and

  • Exploring opportunities for joint ventures and divestment of early stage targets

1 Area managed by ABM excluding the Lake Mackay JV and North Arunta Projects

2

Competent Person's Statement

The information in this announcement relating to exploration targets and exploration results are based on information reviewed and checked by Mr Matt Briggs who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Briggs is a full time employee of ABM Resources NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves". Mr Briggs consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears.

Appendix 1: Suplejack Historic RAB Drill Hole Co-ordinates

Hole ID

Total Depth (m)

East1

North1

RL2

Dip

Azimuth1

Year Drilled

From Depth (m)

Interval (m)

Result3 (g/t Gold)

Comments

STRB0301

29

612333.6

7837165.8

416

-90

269.5

2003

0

29

0.2

STRB1142

60

612583.3

7837005.4

415

-90

3.5

2004

36

12

0.3

"Good quartz veins"

1Converted to MGA94 Zone 52 2Estimated from 30m SRTM data 3Reported above a 0.1g/t cutoff

SECTION 1: SAMPLING TECHNIQUES AND DATA - HISTORIC RAB HOLES AT SUPLEJACK

Criteria JORC Code explanation Commentary

Sampling techniques

  • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

  • Include reference to measures taken to ensure sample representivity and the

    appropriate calibration of any measurement tools or systems used.

  • Aspects of the determination of mineralisation that are Material to the Public Report.

  • In cases where 'industry standard' work has been done this would be

    relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

  • RAB drilling has been employed by employees in the historic data presented.

  • Drillholes havebeen sampled at various intervals which includemulti and

    singlemetre composites.

  • The exact sampling methods cannot be determined, with confidence, from the historic data.

Criteria

JORC Code explanation

Commentary

Drilling techniques

  • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

RAB drilling has been employed by previous employees in the historic data presented.

Drill sample

  • Method of recording and assessing core and chip sample recoveries and results assessed.

  • Measures taken to maximise sample recovery and ensure representative

  • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

nature of the samples.

Due to the historic natureof the data, recovery cannot be determined with

recovery

confidence.

The relationship between samplerecovery and grade has not been

determined.

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

  • Whether logging is qualitative or quantitative in nature. Core (or costean,

  • The total length and percentage of the relevant intersections logged.

channel, etc) photography.

Not all geological data for all drillholes is available. Where data is available, it has been compiled and entered into the company historic database. The data will be unsuitable for usein a Mineral Resourceor more advanced

study and is to be used as an exploration aid only.

Sub-sampling

  • If core, whether cut or sawn and whether quarter, half or all core taken.

  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

  • For all sample types, the nature, quality and appropriateness of the sample

  • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

  • Measures taken to ensure that the sampling is representative of the in situ

  • Whether sample sizes are appropriate to the grain size of the material being

preparation technique.

material collected, including for instance results for field duplicate/second- half sampling.

sampled.

The nature of the sub-sampling for the RAB chips has not always been

techniques and

determined due to the historic natureof the data.

sample

The samplepreparation and samplesizeinformation is not always available

preparation

due to the historic natureof the data.

Quality of

  • The nature, quality and appropriateness of the assaying and laboratory

QAQC protocols arenot always provided in the historic data and it is

assay data and

procedures used and whether the technique is considered partial or total.

unlikely to be to the same level as current industry standards.

laboratory

  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the

tests

parameters used in determining the analysis including instrument make and

model, reading times, calibrations factors applied and their derivation, etc.

ABM Resources NL published this content on 20 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 November 2017 23:00:08 UTC.

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