Ann: Investor Presentation February 2023, page-17

Announcement for Carnaby at Mount Hope today -

"MAJOR EXTENSION AT MOUNT HOPE CENTRAL
73m 1.3% Copper (pXRF)
Including 36m @ 2.2% Copper (pXRF)

the mineralisation is tracking towards the Mount Hope mining lease boundary.
Assuming the mineralisation does continue below MHDD083, it is projected to cross the
mining lease boundary at approximately 1,000m below surface, however only additional future
drilling will determine this."

So at 1,000m depth Hammer should have a few very nice intersections and a high-grade ore body if the mineralisation continues on its current trajectory. It could become more vertical at depth or reverse the dip and trend away from Hammer's ground, only drilling will tell us.

Come on Hammer this IOCG is so highly mineralised, can we spend a bit of time, effort and money on the bit between Lady Fanny and Mount Hope, please.

Hammer could have a very good year.

DYOR. Not investment advice.