Ann: Greater Duchess Copper Gold Project Exploration Update, page-3

Highlights
• Extensive copper-gold mineralisation is present over 70 km of Iron
Oxide Copper Gold (IOCG) targets within Carnaby’s tenure south of
Hammer Metals (HMX) new Trafalgar copper gold discovery (Figure 1).
Follow up geophysics, drilling and initial resource estimates will be
completed in 2021.
• The Nil Desperandum prospect is a stand out copper-gold target with
broad and high grade copper mineralisation present over a 1.5 km
strike not drilled since the 2007 Global Financial Crisis. Results include;

	Column 1	Column 2
0	ND010	20m @ 2.4 % copper
1	ND012	52m @ 1.0 % copper inc 24 m @ 1.5 % copper
2	NDR017	50m @ 1.1 % copper inc 19 m @ 2.3 % copper
3	NDR021	6m @ 5.2% copper and 0.84 g/t gold
4	•	New tenement application adjoining Nil Desperandum increasesground holdings to 384 km2.

	Column 1	Column 2
0	•	At Mount Birnie, 4 km north of Tick Hill, further ground geophysicsand drilling will be completed in 2021 following up shallow high gradecopper mineralisation intersected by Carnaby in 2019 and fromhistorical drilling including;
1	MBC002	15m @ 2.1 % copper inc 6m @ 4.4 % copper
2	MBC006	2m @ 3.2 % copper and 17 m @ 3.1 % copper
3	DDH03	11.7m @ 7.1 % copper
4	DDH06	13m @ 3.3 % copper inc 4.1m @ 8.5% copper

The Company’s Managing Director, Rob Watkins, commented:
“The Greater Duchess Copper Gold Project is a camp scale cluster of potentially
open pittable shallow IOCG deposits within trucking distance to nearby
competing processing plants. There is clearly underlying and emerging value
in our copper assets which we will bring to the forefront in 2021. Drilling at
Greater Duchess is planned to commence in Q2 following the current 8,000 m
drill program at Strelley in the Pilbara which will commence next week.”