Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

Loudens Patch tenement (E47/4281), located adjacent to the Whim Creek Project, secures Mallina
Basin sediments, formerly held by De Grey, where UltraFine+™ gridded soil sampling over goldprospective structures was completed during the quarter and results are pending. Historical
geochemistry had generated low level gold anomalism, field investigation of which confirmed quartzlimonite outcrop over 100m along a ridge. Rock chip sampling was conducted for which results are
awaited.
Mount Short tenement (E74/651) – Located near Ravensthorpe and securing a section of historically
drilled Bandalup ultramafics and Chester metasediments of the Younami Archean Terrane, the Mount
Short tenement is prospective for base metal massive sulphides and VMS style deposits, as well as
gold and lithium-pegmatites, as demonstrated across neighbouring tenure. Field investigation of
identified structures will commence in Q4 2021, and Anax continues to consider potential JV
partnerships in order to develop this project.
Interesting Mount Short has Lithium pegmatites as there are many exploring in this area for lithium atm