Ann: Cloncurry Update, page-3

4th May 2021 Market Release

• FOLLOW UP DRILLING AT KING BROWN FOLLOWING HIGH GRADE COPPER/GOLD RESULTS.

• PLAN OF OPERATIONS AND FEASIBILITY STUDY WELL ADVANCED TO ALLOW COMMENCEMENT OF MINING AND PRODUCTION AT MT FREDA GOLD MINE.

• HIGH GOLD GRADES LAB ASSAYS FROM COSTEAN SAMPLING KING BROWN UP TO 16.46g/t Au.

• AUSMEX WAITING FOR LAND COURT DECISION, ADVISED IMMINENT FOR GRANTING OF THE MINING LEASE FOR GOLDEN MILE.

• ABUNDANCE OF COBALT, ERYTHRITE (COBALT BLOOM) DISCOVERY SOUTH OF KING BROWN AFTER HISTORICAL MINES DEPT RECORDS DESCRIBE LOCATIONS OF HISTORICAL PRODUCING HIGH GRADE COBALT MINES.