HIGHLIGHTS
• Firm commitments from sophisticated investors for $1.03 million, with a further $370,000 commitment
from Directors, raising total $1.4m via Placement.
• Funds to be used to accelerate exploration at the Kookynie Gold Project following the recent execution
of a term-sheet with our JV partner to increase Metalicity’s interest in the JV to 80%.
• Several greenfield and brownfields exploration targets have been reviewed and re-interpreted
following input received from geophysical consultant partners.
• Prospects reviewed in conjunction with Metalicity’s exploration strategy of targeting structurally hosted
gold mineralisation.
• Initial targets will include follow up drilling north of McTavish, which has returned significant intercepts
to date including:
o 5m @ 25.9 g/t Au from 28m, inc. 3m @ 41.5 g/t from 30m; and inc. 1m @ 91.2 g/t Au from 30m1.
o 6m @ 20.6 g/t Au from 19m, inc. 4m @ 29.1 g/t Au from 20m 1
.
o 3m @ 19.1 g/t Au from 88m, inc. 1m @ 52.8 g/t Au from 89m 1
.
o 5m @ 17.9 g/t Au from 48m, inc. 1m @ 80.17 g/t Au from 51m2.
• Maiden drilling by Metalicity at the underexplored, but highly prospective Mulga Plum to commence.
• Extensive auger drilling program planned at the Wandin prospect, which demonstrates similar
geophysical signatures to the prolific Niagara Trend and has had limited effective historical exploration.
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