YOUANMI PROJECT THICK HIGH-GRADE COBALT-NICKEL DISCOVERY • Thick...

YOUANMI PROJECT THICK HIGH-GRADE COBALT-NICKEL DISCOVERY

• Thick intersections of high-grade Co-Ni and anomalous Sc mineralization encountered at shallow depth in recent AC drilling (77 holes for 3022m) at the Youanmi Co-Ni Project (Figure 1).

• At Estonia Prospect, drilling outlines two north-trending zones of significant Co-Ni mineralization that may extend over strike lengths of c. 1.8 km and 1 km respectively, with widths of up to c. 250m. Best results include:

ES25 16m @ 843ppm Co & 0.71% Ni from 8m Including 8m @1002ppm Co & 0.76% Ni from 12m

ES27 20m @ 504ppm Co & 0.56% Ni from 16m Including 4m @1490ppm Co & 0.84% Ni from 20m

ES39 20m @ 0.76% Ni from 8m Including 8m @ 1.07% Ni from 12m

• At Stone Tank Bore Prospect, significant Co and Ni intercepts form an east-trending zone c. 500m long. Best results include:

ST17 12m @ 917ppm Co from 24m Including 4m @ 1490ppm Co from 24m

ST18 12m @ 687ppm Co & 0.75% Ni from 16m Including 4m @ 950ppm Co & 1.05% Ni from 20m

• Anomalous scandium (Sc) is associated with the Co-Ni mineralization. The best Sc values are from Stone Tank Prospect:

ST01 12m @ 96ppm Sc from 12m ST02 12m @ 83ppm Sc from 8m

• Individual one-metre samples for anomalous intercepts will be analysed for Co, Ni and Sc, and reported in due course. Infill AC/RC drilling is planned. Multiple new target areas, including along strike, will also be tested (Figure 2).