A good update that supports the potential identified...

A good update that supports the potential identified previously.

Carbine’s first drilling program at Muchea West since acquisition of the Project in July 2021 has succeeded in meeting all expectations of:

> advancing the information available at the time of acquisition;
> identifying the area best suited for a Mining License application; and
> providing sufficient data to undertake an initial Mineral Resource Estimate in order to commence mining studies.

and "Widenbar and Associates engaged to complete maiden Mineral Resource Estimate"

Interesting comment re the Mineral License Application which would imply they are seeing this potentially as a action to commence in the near future? My recollection (and I stand to be corrected) is that they need to get consent from the Dept of Defense to undertake mining and therefore that would be a requirement to support the mining application.