Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-15

TAS Quarterly Activities Report - VULCAN (Lake Torrens IOCG Project) – EL6416 (Fortescue earning 51%):

https://www.asx.com.au/asxpdf/20200728/pdf/44kwv2tjkwft2y.pdf

Work completed during the quarter by Fortescue included:

 A primary focus on the collation and analysis of newly-acquired and existing geophysical data and the reanalysis of existing drill core.

 Four Vulcan prospect holes processed through the HyLogger at the State Government drill core storage facility.

 A geochemical vectoring program on samples from Vulcan, aimed at developing a methodology for quantifying the relative abundances
and distribution of magnetite and hematite throughout the Vulcan IOCG mineral system commenced.

It’s the magnetite FMG is interesting in first until they hit the copper and or REE.

cheers Oak