Ann: Lake Mackay JV - Grapple Prospect Diamond Drilling underway, page-2

Finally

ABM Resources NL (“ABM” or the Company) is pleased to provide an update on the Lake Mackay Joint
Venture (“JV”) being managed by Independence Group (“IGO”).

HIGHLIGHTS
o 4 hole diamond drill hole program of 1,450 metres is underway
o Moving Loop EM (MLEM) survey recently completed to optimise the design of the drilling
o Results of the diamond program are expected later in the quarter

IGO has commenced activity in anticipation of the JV parties being able to conclude an exploration agreement with the Central Land Council.
The current diamond program aims to test the dip and strike extensions of the mineralisation
previously drilled at Grapple.

A 4 hole, 1,450 metre diamond drilling program has commenced at the Grapple Prospect to further
define the size and grade of mineralisation (Figure 3).
DHEM will be conducted as the drilling program is ongoing and the results will be used to modify the drilling plan in real time to target the EM plates that are generated.

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