ann: nsw projects acquisition & placement

Graynic announced new projects and placement today, read full ann for more detail.

GRAYNIC TO ACQUIRE NEW PROJECTS IN NSW AND RAISE $0.5M WORKING CAPITAL
• Acquisition of four base metal and tungsten projects in New South Wales.
• Yanco Glen Project contains identified tungsten resources with possibility of early
production. Further potential with shear-hosted gold mineralisation.
• Wertago Project contains historic Cu-Ag production with head grades up to 30%
Cu. Project has had little modern exploration and is adjacent to the same
regional structure as the Grasmere deposit (0.55mt @ 2.5% Cu) located about
30km to the southeast. Potential for a large polymetallic deposit in the area.
Previous gold exploration results included 12.2m @ 4.6 g/t Au not followed up.
• Gulf Creek also has limited modern exploration and comprises three Cu-Zn lodes
with some existing Cu-Zn resources. Historic copper production at high Cu
grades reported.
• Copper Ridge project comprises a zone of Cu potential 3.5km long in a sheeted
vein system. System is untested by modern exploration, no drilling in 125 years,
and contains historic copper mining.
• Placement of shares raises $500,000 working capital.