Morning Trading July 31, page-3

WCN ann -- Second drilling rig now operational at Rae Copper Project
Danvers mineralised footprint significantly expanded
Two (2) drill rigs on Site and operational, with the Reverse Circulation Rig (RC) targeting new surface
mineralisation, stepping out along strike at Danvers and the Diamond Rig (DDH) targeting the
sedimentary horizons between 200m and 400m at the Hulk target
▪ To date, 1,702mtrs of RC drilling and 547mtrs of Diamond drilling has been safely and successfully
completed
▪ A new zone of chalcocite-bornite-malachite mineralisation has been discovered on surface striking over
250m adjacent to the known Danvers deposit, providing significant upside to known mineralisation
▪ A greater lateral extent of copper mineralisation on surface has been identified 4km southwest of
Danvers, where previous rock samples which returned up to 16.15% Cu and 68.5/t Ag (V749909)1
▪ The Company has expanded the RC drill program to test these two new untested horizons, offering
excellent near-deposit expansion potential
▪ The drone-based magnetotellurics (Drone MT) survey across the Danvers mineral lease is well underway
with results due back in August
▪ The first batch of Assay results from the RC rig which is operating at Danvers and the DDH Rig that is
operating at Hulk are anticipated later in August