Ann: Supergene Confirmed and Massive Sulphides Extended at Orion, page-2

Looking good - sulphides found with assays to follow

• HIGHLIGHTS• Mineralisation at Orion is now confirmed from a depth of ~1m to ~150m down dip and along strike for ~240m and remains open at depth and along strike.
• This includes multiple supergene (chalcocite) and oxide (gossanous) intercepts in the top 20m from surface. Of 29 holes drilled at Orion, 19 intersected massive to semi-massive sulphides or supergene / oxide mineralisation.
• Magnetic targets at Orion and Fuso containing multiple zones of copper and cobalt mineralisation within chlorite and silica altered sediments and mafics also confirm additional mineralisation potential.
• Drilling at Tarraji-Yampi has finished with a total of 32 RC drill holes drilled for 3,921m. Assay results are expected through November/December 2021.

Managing Director, Dean Tuck, commented: “Of the 29 holes drilled at Orion this season, 19 intersected massive to semi-massive sulphides or supergene / oxide mineralisation which confirmed our targeting techniques as well as the potential scale of the system. Mineralisation is now confirmed over ~240m of strike and to a depth of 150m and remains open. Orion also has oxide and supergene mineralisation from 1m depth. Orion, Fuso and surrounds are proving more and more to be part of a large mineralised system with similar geochemical signatures to Proterozoic Cu-Au / sedimentary copper systems with the rocks showing similar age, mineralisation and alteration as the Mt Isa Region.”