Ann: VMC: Aircore drilling to commence at new gold target, page-2

A multi‐element geochemical anomaly measuring c. 400m x 600m at the Penny West Deep South Gold Prospect on E57/1078 (Figure 1) c. 4km south of the historical Penny West Gold mine has been delineated from a recently completed geochemical survey. The TerraLeach element signature at the Penny West Deep South Gold Prospect resembles that found in soil over the recent Sovereign gold discovery (refer ASX release 4 November 2019), north of the Penny West gold mine, where further drilling is also planned. A 4,000m aircore drilling program will commence shortly to test this promising new gold target area (Figure 2).