Ann: Exceptionally High Grade Shallow Cobalt at Roe Hill, page-2

EXCEPTIONALLY HIGH-GRADE, SHALLOW COBALT MINERALISATION INTERSECTED AT ROE HILLS

Maiden Aircore drilling confirms extensive, shallow high-grade cobalt-nickel-manganese oxide mineralisation up to 1.36% Cobalt at the ROE-1 Prospect, Roe Hills Project, WA

Highlights:

 Significant zone of near-surface cobalt-nickel-manganese mineralisation intersected over a continuous strike of at least 700m in length and up to 150m in width at the ROE1 prospect in the recently completed 59-hole, 1,851m cobalt-focused Aircore drilling program.

 Significant assay results include:
 RHAC002A: 8m @ 0.11% Co; 0.43% Ni and 0.40% Mn from 2m

 RHAC003: 3m @ 0.27% Co; 0.48% Ni and 1.93% Mn from 2m including:  1m @ 0.70% Co; 0.67% Ni and 4.95% Mn from 2m depth.

 RHAC023: 10m @ 0.10% Co, 0.64% Ni and 0.59% Mn from 4m

 RHAC024: 6m @ 0.12% Co, 0.67% Ni and 0.34% Mn from 6m, including:  2m @ 0.24% Co, 0.76% Ni and 0.63% Mn from 6m depth

 RHAC028: 4m @ 0.39% Co, 0.57% Ni and 1.0% Mn from 11m, including:  1m @ 1.36% Co, 1.29% Ni and 3.37% Mn from 11m depth

 RHAC029: 12m @ 0.20% Co, 0.65% Ni and 0.73% Mn from 11m, including:  3m @ 0.40% Co, 1.0% Ni and 1.43% Mn from 12m depth.

 The cobalt & manganese grades reported are exceptionally high compared to most other nickel-cobalt oxide deposits in WA and globally.

 A follow-up program of ~2,000m of Aircore drilling is planned later this year to test extensions of the ROE-1 cobalt prospect along with several other high-priority cobalt prospects identified throughout the Roe Hills Project.

 ~2,800m gold-focused drilling program comprising 34 Aircore/RC holes designed to test a number of high-priority gold targets including Terra, Lady of the Lake and Ginger Kiss has also now been completed with assays awaited.