Ann: Intercepts up to 188m from Vanadium-Bearing Buddadoo **bro, page-3

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HIGHLIGHTS  The Buddadoo **bro hosts, coarse grained bands of massive and disseminated vanadiferous titanomagnetite within a 350 m wide by 6 km long high-order magnetic anomaly.
 Assays from the 10 (-60° to 250° and to 200 m deep) RC drill-holes across the magnetic anomaly (Table 2; Figure 5) outlined as Budd_Gabbro_04 generated mineralised intercepts in all holes.
 The eastern zone returned a maximum metre-sample reporting vanadium (“V2O5 “) @ 1.2%. The zone appears to thicken to the south where BUDRC028 has longer downhole intercepts with higher magnetic susceptibility and reports a down-hole intercept of 69 m (from 131 m to end of hole) @ 0.39% V2O5 + 6.3% titanium (“TiO2”).
 The central zone has a maximum metre sample reporting V2O5 @ 0.9%. Holes BUDRC016, 019 and 027 report mineralised intercepts that cover almost their entire length of the hole. This zone is best represented in BUDRC027 with 188 m (from 12m to end of hole) @ 0.34% V2O5 + 9.4% TiO2.
 Vanadium is one of the emerging battery metals globally with current prices around USD $30,000 per tonne.
 Development potential of Buddadoo project is enhanced by mineralisation starting from surface and the location of the project near existing transport and port infrastructure.
 Awaiting assay results from a further 18 holes from Budd_Gabbro_06 to the east which is showing potential for additional vanadium mineralisation.