Ann: Yandal Exploration Update, page-3

18 Page Update!

Highlights

Bronzewing South
• Diamond Drilling (“DD” at Bronzewing South encountered extensive zones of carbonate and quartz veining as anticipated from the gravity modelling
• BWSDD001 intersected the edge of the interpretated gravity low anomaly, returning an intersection of 14m @ 0.14g/t Au from 202m
• Assays from the second hole, which drilled through the peak of the gravity low, remain outstanding with results expected early February
• Resampling of the Bronzewing South RC hole returned a high-grade gold intercept of:
• 17m at 1.56g/t Au from 120m in drill hole BWSRC0037, including; o 1m at 19.69g/t Au from 123m
• Expanded detailed gravity survey to commence imminently

Ken’s Bore
• Massive and stringer sulphide mineralisation (pyrite and pyrrhotite) intersected at Ken’s Bore
• Results upgrade Nickel potential at Ken’s Bore with other untested historical EM targets within the project area being reviewed

North Orelia
• Review of Target 1 North Orelia has commenced to examine the orientation and continuity of previously announced high-grade shallow gold intercepts (see ASX announcement dated 9 November 2020)
• Planning for an aircore (“AC” drilling program at North Orelia to test soil anomalies is anticipated to start in late February (partly funded by WA Government EIS grant)