Ann: Mt Carbine Drilling Update, page-5

Scottm – I think you might be on tosomething….I have checked out the diagrams here and it looks quite clear thathole 6, the most easterly, and the most shallow (dip 48), has, intersected thered vein (Iolanthe) at a point closest to where we know the Iron Duke runs.

If an additional hole was drilled furtherto the east, it could prove a connection (well that’s my read anyway).

(Iron Duke runs 2.2km in a NNW directionfrom east of the pit. The 6 holes previously drilled had an average
weightedgrade of 0.32% - triple the grade of the overall official JORC resource.)

What I particularly like about this reportis they are only half way through the drill program and they are alreadytalking in very exciting language – I noted the following key words/phrasesthat leapt out at me;

“..significant wolframite-scheelitemineralization..”

“..intersected where expected..”

“..Iolanthe zone at shallow levels..” and “..open to the east.” (heading in the direction of Iron Duke)

This has been a great read and I cant waitto see the outcomes.

(I have posted a couple of captioned photosto assist punters in getting your bearings)

Source: 2013 AGM Presentation

The captioned photo below shows the Iron Duke and king veins running virtually parallel and in a NNW direction from the pit.

Source: March 2021 Investor Presentation