TIDMTTAU 
 
5 March 2021 
 
                               TECTONIC GOLD PLC 
                      ("Tectonic Gold" or the "Company") 
 
                             Drill Warrant Notice 
 
Tectonic Gold plc (TDIM: TTAU), is providing formal notification to "Drill 
Warrant" holders that on the back of successful initial drilling results the 
September 2020, the 0.7p warrants are being called. The company has worked with 
warrant holders to secure approximately  £500,000 in new capital from the 
conversion of approximately 70 million warrants. Unconverted warrants will be 
rolled to February 2022 with the exercise price reset to 1.4p. 
 
Warrant Notice Highlights: 
 
  * 0.7p September 2020 "Drill Warrants" being called effective today 
  * Indicative demand from warrant holders of approximately £500,000 
  * Fully funds next phase of technical program 
  * Appointment of Geos Mining mineral consultants to conduct independent 
    modelling 
  * 500+ pre screened samples to be sent for immediate copper and gold assay 
  * Drilling program at Specimen Hill to resume targeting high grade "Southern 
    Copper" discovery 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"Earlier this week we met with warrant holders and explained the need for 
funding in the order of £500,000 to complete the next phase of the technical 
program at Specimen Hill. In order to minimise dilution and prevent any 
pressure of the share price we negotiated with warrant holders an option to 
exchange any unexercised 0.7p warrants for a 1.4p warrant with a 28 February 
2022 exercise date. Warrant holders entering a voluntary 12 month restriction 
on exercised warrants have been offered a one for two 1.4p warrant with a 28 
February exercise date. 
 
We are very grateful for the immediate support from our warrant holders and are 
extremely grateful for the opportunity to get back into the field so quickly 
after our initial success. Specimen Hill is shaping up to be a world class 
discovery and we need to extend the drilling along the 5km+ strike zone with 
increased density to work this up into a meaningful resource. In addition we 
have brought in one of Australia's leading independent consulting groups, Geos 
Mining, to provide modelling so that we can formally engage with majors such as 
our northern neighbour Rio Tinto, and regional heavyweights, Newcrest, 
Evolution and South32. 
 
About Tectonic Gold: 
 
Tectonic Gold is a specialist gold exploration company, focused on the 
identification and delineation of large-scale, multimillion-ounce Intrusion 
Related Gold Systems ("IRGS"). Tectonic Gold holds a number of gold discoveries 
in the New England Orogen in Eastern Australia, a prolific gold region that is 
home to Australia's two largest gold production companies, Newcrest Mining and 
Evolution Mining. Rio Tinto, one of the largest copper companies in the world 
has recently taken a large tenement alongside Tectonic's Specimen Hill project 
 
Qualified Persons: 
 
Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full-time 
employee Signature Gold Limited and is a registered Chartered Professional 
(Geology) with the Australian Institute of Mining and Metallurgy (AusIMM - 
304542). Mr Robbeson has sufficient experience that is relevant to the style of 
mineralisation and type of deposit under consideration and the activity being 
undertaken to qualify as a Competent Person as defined in the Note for Mining 
Oil & Gas Companies, June 2009, of the London Stock Exchange and the 2012 
Edition of the 'Australian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves' (JORC Code). Mr Robbeson consents to the inclusion 
in the release of the matters based on his information in the form and context 
in which it appears. 
 
JORC Table 1 information for this release on Specimen Hill can be found on the 
Company website. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Tectonic Gold plc                     +61 2 9241 7665 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com. 
@tectonic_gold 
 
 
Financial Adviser, Corporate Adviser and Broker 
 
VSA Capital Limited                                                    +44 20 
3005 5000 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
Ends 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END

(END) Dow Jones Newswires

March 05, 2021 03:02 ET (08:02 GMT)

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