Ann: Airborne Survey identifies several EM anomalies at Yerecoin, page-2

Airborne EM Survey identifies several EM anomalies at YerecoinProject

Highlights

· Preliminaryresults from the recent helicopter-borne VTEM^TM Max electromagnetic (EM) and magnetic geophysical surveyidentifies several EM anomalies

· Historicaldrilling at Yerecoin South magnetite deposit intercepted abundant serpentinisedultramafic rocks adjacent to the BIF over strike length of ~3km and in places upto 150m thick

· Potential for ultramafichosted Ni-Cu-Co-PGE mineralisation

· Located just ~60kmnorth of Chalice Mining’s Gonneville PGE-Ni-Cu-Co-Au discovery and ~15km northeast of Caspin Resources’ Yarawindah Brook project