Ann: Drilling to commence at Iroquis

INITIAL DRILLING TO COMMENCE THIS WEEK AT IROQUOIS BASE METALS PROJECT IN EARAHEEDY BASIN

• Recent work at Iroquois has delineated a new, coherent geological model for the mineralised system, suggesting potential for a much larger footprint of Cu-Zn-Ag-Pb mineralisation than initially thought

• A minimum of three diamond holes will be drilled at Iroquois as part of an initial pre-IPO program

• The holes are targeting the as-yet-untested ‘feeder structure’ to the Zn-Pb mineralisation, which is anticipated to also be enriched in copper and silver

• This drilling, along with a subsequent seismic survey, will provide crucial information for targeting additional feeder structures within the wider project area post-IPO

(80% Strickland; 20% Gibb River Diamonds Ltd (ASX:GIB)