Ann: Mongoose drilling delivers best copper intervals to date, page-3

The pXRF results from the Greater Mongoose zone in the Cloncurry Project show very encouraging copper mineralisation, with substantial intercepts of copper in several drill holes.

RMG035 for a notable 107-meter intercept grading 0.62% Cu starting from 55 meters, with two high-grade zones; 7 meters at 2.06% Cu and 13 meters at 1.01% Cu.

RMG036 returns a similar extensive interval of 105 meters at 0.51% Cu from just 3 meters depth, including significant sections with higher grades, such as 22 meters at 1.0% Cu and 13 meters at 0.82% Cu.

Additional copper intervals were detected at the Tank and Mongoose West areas, with multiple zones of copper mineralisation, including: - 30 meters at 0.18% Cu (Tank) - 5 meters at 0.45% Cu and 6 meters at 0.31% Cu at various depths at Mongoose West.

Encountering high magnetite alteration and breccia zones suggests a significant hydrothermal system, often associated with economically viable deposits. The Red Rock alteration and magnetite-rich breccia/shear zones at depth indicate potential for Ernest Henry-style mineralisation

Samples from RMG035 and RMG036 are now in the lab for copper and gold assays, with results anticipated in 4-6 weeks, these assays will help confirm the grade and potential for valuable co-minerals, like gold, enhancing the project's economic appeal.

The positive pXRF results, especially with the presence of magnetite and breccias, support the project’s potential for a significant copper-gold resource.