Prospecting Permit (PP)57240 'Frosty Creek West' West Coast, South Island, New Zealand Final Technical Report for the Period 15 July 2017 - 14 July 2019

This report discusses prospecting activities carried out by NZ Garnet Ltd. between 15 July 2017 - 14 July 2019 in MPP 57240 'Frosty Creek West', West Coast. Activities included a passive seismic survey, geochemical sampling using a hand augur, and geological mapping with the purpose of further investigating areas with potential for hosting a significant garnet resource. Fifteen outcrop and stream samples were collected, with low visual and XRF garnet grades returned. An average garnet grade of 3.54% was determined across the permit in the <2mm fraction, with 50% of samples containing no garnet at all. It is unlikely there is a commercially viable garnet resource within MPP 57240.