Ann: HAW Quarterly Activities and Cashflow Report - Mar22, page-5

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1- Exploration for nickel/copper and lithium and associated metals
Initial geological reconnaissance and rock chip sampling was conducted in the eastern region of the Mt Bevan exploration lease. Pegmatite development in the area appears weak. Detailed geological mapping and surface sampling will now be undertaken in the northern and eastern areas. The northern area is proximal to the St George Cathedrals Ni-Cu sulphide discovery and the eastern area is along strike of the broad NNW trending corridor from the recently reported Red Dirt Minerals Li/Ta discovery at Mt Ida. Extensive pegmatite development is associated with the Mt Alexander granite which intrudes into the mafic dyke rocks that host the SGQ Ni-Cu deposits. Potentially there are chances to discover these pegmatites in the areas as similar a geological setting is evident.

2-EXPLORATION
Pinjin Tenements: E31/1094, E31/781, E31/782, E31/783 and E31/1050
(Hawthorn Resources Limited 70%; Gel Resources 30%)
During the quarter a review of the tenements surrounding the Anglo Saxon open pit and along strike from the pit was conducted; as a result a program of approx. 2,000m of RC drilling will commence shortly on all of these tenements.
A focus of the program will be the prospective Tomahawk prospect, within E31/1094, which is along strike from Anglo Saxon and where historic drilling returned numerous elevated drill hole intercepts in proximity to a mapped porphyry unit.