mhm exploration progress report

-First stage drilling program at Cape Sorell High Purity Silica Project successfully completed,
sampling and assaying ongoing
- Highly encouraging drilling program completed at Hill 99 copper-lead-zinc prospect

HIGH PURITY SILICA DRILLING UPDATE
MHM Metals Limited (ASX:MHM) first phase diamond drilling at the Cape Sorell High Purity Silica Project has
been completed. A total of six short holes intersected white quartzite over a thickness of approximately 12m
based on visual appearance. The silica rich quartzite dips approximately 50?X west, and drilling was designed to
test the true thickness of the quartzite at the North Escarpment prospect and the potential for a more
extensive silica cap over mixed sediments including sandstone and siltstone. Sampling and assaying of the drill
core is continuing

DRILLING O F HILL 99 COPPER-LEAD-ZINC PROSPECT
The two-hole 369 metre diamond-drilling program at MHM's Hill 99 copper-lead-zinc prospect has completed,
with preliminary inspection and sampling of the core by Niton XFR analyser showing highly encouraging levels
of mineralisation. The target was for copper mineralisation with zinc and gold credits in either a structural or
VHMS setting. The results to hand are extremely positive and the core is now being prepared for assay.
Hole H99-04 intersected strong quartz veining from 158m to 183m within highly altered intermediate and mafic
volcanic rocks with disseminated chalcopyrite (copper sulphide) though parts of this section.
Hole H99-05 intersected strongly altered mafic volcanics throughout the hole. Intense quartz-carbonate
veining is present from 118m to the end of the hole at 173m. Patchy, disseminated lead and zinc sulphides are
associated with some of the veins. The intensity of the alteration and veining in both drill holes indicates that
strong, mineralised hydrothermal systems have been intersected and will require follow up drilling.
Detailed studies on drill core from this and previous drill holes have shown that the stratigraphy, alteration and
age of the rocks at Hill 99 are comparable with mineralised horizons at the Hellier-Fosse-Roseberry group of
mines further to the north.
The drilling is consistent with MHM's strategy to continue to progress the company's mineral projects while
assessing opportunities to engage with project development partners, divest or spin-off the mineral assets of
the company at a time that maximises returns to shareholders.