Ann: High Grade First Drill Results - Stanton Cobalt Deposit, page-32

N27

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These are super results

High grade first drill results from the Stanton Cobalt Deposit, Northern Territory – Wollogorang Cobalt Project

•   Assays received for first five (5) drill holes of 57 RC holes drilled on the Stanton Cobalt resource. A total of 104 holes completed at the Wollogorang Project, with drilling ongoing
•   Highlights include 37 metres at 0.28% cobalt (Co), 18 metres at 0.33% Co and individual metre grades of up to 2.13% Co
•   Next assay results expected early next week with results to continue into January and resource upgrade expected Q1 2018
  Northern Cobalt has to date drilled 57 RC and 4 diamond core holes on our existing Stanton Cobalt resource, aiming to upgrade the existing inferred resource of 500,000 tonnes of 0.17% Co, 0.09% Ni, 0.11% Cu to indicated and obtain material for metallurgy studies and potential use in scoping studies.
  Significant intersections from the first 5 holes at the Stanton Cobalt Deposit include:
•  37 metres of 0.28% Co from 25 metres (Drill hole NC17RC003)
•  14 metres of 0.11% Co from surface (Drill hole NC17RC004); and
•  30 metres of 0.17% Co of from 20 metres (Drill hole NC17RC004); including
  o 10metresof0.33%Co
•  6 metres of 0.11% Co from 22m, (Drill hole NC17RC005); and
•  18 metres of 0.33% Co of from 32 metres (Drill hole NC17RC005); including
   1 metre of 2.13% Co at 32 metres; and  1 metre of 1.5% Co at 44 metres
• We are pleased to present the first drilling results for Northern Cobalt as a company; and even more pleased that this initial set of five drill hole results are equal to or better than expected from nearby historic drilling at our Wollogorang Cobalt Project in the Northern Territory. Further results to come as received from the laboratory, with drilling ongoing.