Croydon Gold Project (CZR 70%)The Croydon project is located in...

Croydon Gold Project (CZR 70%)The Croydon project is located in the Mallina Basin between Karratha and Port Hedland. The region containsDe Grey Mining Limited’s (DEG) Hemi gold deposit which has a Mineral Resource of 10.5 Moz (DEG releaseto ASX; 21 November 2023). The Mallina Basin is emerging as a major gold province and CZR’s Croydonproject covers approximately 40km strike of the prospective Mallina Basin, about 50km south-east of Hemi(Figure 12).In addition to the gold potential, the region is an emerging centre for lithium mineralisation. Wildcat Resources’Tabba Tabba and De Grey Mining’s King Col deposits are located along a similar geological setting to thenortheast, and Morella Corporation Limited’s Mallina lithium project earn-in with Sayona Mining is located only10km east of CZR’s Croydon project.Figure 12. CZR’s Croydon project and De Grey Mining’s Hemi Gold Project – Regional gravity over magneticsCZR was successful in its government co-funded exploration drilling grant application, covering targetsidentified at the Top Camp and Bottom Camp prospects (Figure 12). Ground based gravity survey completedin late 2022 identified potential Hemi-style intrusions beneath known gold mineralisation in the overlyingMallina Basin sediments. RC and diamond drilling is planned to test the gravity anomalies as a potentialintrusion related source of the overlying gold mineralisation.Post year end, CZR completed a heritage survey with Ngarluma Aboriginal Corporation (NAC) in early August2024, covering an extensive aircore drilling program, targeting greenfield gold discoveries analogous to Hemiwhile building its understanding of the basement geology below shallow sand cover. CZR anticipatescommencing site works and drilling towards the end of H1 FY25 (Figure 12 and 13)