Exploration Activities The Company has continued its exploration...

Exploration Activities
The Company has continued its exploration of the Avalon and Cawse Projects, utilising the
latest exploration techniques and mineralisation models, whilst taking advantage of
substantial historic datasets.
The Company continued working with Galt Mining Solutions on the analysis of a field
reconnaissance trip that was conducted in November 2022.
The follow-up reconnaissance mapping located minor exposures of the transported
channel horizons below a thick (~2-5m) recent alluvial sand cover, which also displayed
low-level concentrations of Li/REE’s. Where historic water bore drilling occurred, no drill
material existed on the surface that could be sampled to obtain deeper in-situ information
on the channel clay horizons and their potential for higher concentrations of Li/REE’s.
To adequately assess whether these clay horizons contain higher Li/REE concentrations, a
proposed Phase 1 design of 12 RC holes is planned for 960 metres of drilling to provide
data to allow a decision on further evaluation of this commodity on the Avalon Project
tenure. The drilling program will test directly for buried hard rock Li/REE’s
(intrusion/dykes) as the preliminary surface assay data shows an increase in Li related
element concentrates in Felsic rocks (Sn-W-Ta-Hf) in this area providing initial support to
the desktop conclusions of younger granitic intrusions existing to the south of DMG
tenements indicating potential to be Lithium bearing.
In addition, to further explore the Bulong gold prospectivity, 4 RC drill holes are planned
to a nominal depth of 180m down hole for 720 metres of drilling to obtain a complete
cross-section of coverage from the western felsic and mafic rocks to the eastern Bulong
Complex ultramafic rocks with the interpreted shear contact being the primary target.
The Company is currently assessing the proposed drill program and will advise progress
when further information is available.
Corporate Activity
At the end of the quarter, the Company’s cash position was $797,000.