Quarter SEPTEMBER 2022 HIGHLIGHTS # Solid progress on Mt Bevan...

Quarter SEPTEMBER 2022

HIGHLIGHTS

# Solid progress on Mt Bevan magnetite (iron ore ) project Pre-Feasibility Study (PFS)

diamond and RC rigs mobilised to the site; and
award of major works packages including hydrogeology, resource
modelling, metallurgy and assessment started of transport and port options.

# Commencement of an exclusive Desk Top Study (DTS) by Hancock for Critical Minerals (i.e. Li, Ni & Cu) on the Mt Bevan JV tenements.

#A full review of the TLJV’s options for the Anglo Saxon gold project including
a potential asset sale; and
commencement of a reconnaissance program for outcropping lithium pegmatites along the granite contact of the East Pinjin ELs.

#Strong cash position of $13.18m


10 October 2022 Joint Venture:

Following the discovery of lithium-tantalum pegmatites in the Mt Ida area (by Red Dirt Metals), the Joint Venture is conducting exploration of the Eastern and Northern areas of the Mt Bevan lease, where pegmatite dykes are known to occur.
Attention is being directed at the extensive pegmatite development in the northern lease area, associated with the Mt Alexander granite intrusion.

Granite and pegmatite have been intersected in the St George mafic dyke complex, diamond drilling of the Ni Cu Cathedrals zone.
This area adjoins the Mt Bevan lease. It is covered by sheet wash and drilling will be required to test this area. Scattered surface rubble of pegmatite and vein quartz points to shallow buried pegmatite.

29 August 2022
HANCOCK EXECUTES AGREEMENT FOR NICKEL, LITHIUM AND COPPER
AT MT BEVAN PROJECT