Ann: High Grade Copper Intersected at Lakeview, page-14

HIGH GRADE COPPER INTERSECTED AT LAKEVIEW

• Assays received from first three (of nine) drill holes in extensional drilling
at Lakeview includes high grade copper intercept of
:
• 18m at 1.70% Cu and 0.49g/t Au from 61m in HMLVRC005, including:
• 5m @ 4.17% Cu and 1.04g/t Au from 62m

• Drilling at Overlander has defined a thick copper bearing breccia over a
broad width with significant assay results of 78m @ 0.26% Cu from 75m in
OVRC035

• Field mapping has defined several prospective zones for copper and gold
mineralisation surrounding Lakeview. Rock chip results from these areas
have delivered peak assays of 19% Cu and 24g/t Au

• Samples from the Orion target, 1km to the northwest of Lakeview, have
recorded assays of up to 8.4% Cu and 0.56g/t Au. Orion to form part of an
upcoming drilling program

• Detailed mapping of the Neptune IOCG prospect defines further highly
prospective targets. Peak rock chip assays of 27% Cu, 10g/t Au

• New target zones defined in Neptune area at Sirius, Australian Flag and Lady
Kate. New prospects to be targeted in upcoming drilling program

• Downhole EM geophysical review and modelling underway for prospects
at Lakeview and Neptune (Lady Rose)

• Drill rig secured for the end of October; follow up drilling program to
include both Hammer’s 100% ground and within the Mount Isa East Joint
Venture with Sumitomo Metal Mining Oceania
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These results in my opinion are significant.

7 individual targets resulting in 6 great results.

Copper & Gold. Yes Copper & GOLD. The best mixture.

Ziggy must be on a high and in for more and more and more.

The easing of our share price from circa 11 to 6 cents since April indicates a clear
BUY / Top up opportunity if this is your style of investment. Certainly is mine. Please
do you own research.

My sentiment remains at a Strong BUY at these levels. Please re-read the announcement.

All the best to shareholders, management & staff.

Gracie