Significant Intervals of High-Grade Gold-Copper Mineralisation in First Hole at Trundle

Assays of up to 4.32g/t Au and 2.43% Cu within 51m intercept grading 1.17g/t gold and 0.54% Cu; broad anomalous zone intersected in adjacent porphyry intrusion



HIGHLIGHTS

First diamond drill hole at the Trundle Project, NSW has intersected multiple significantly mineralised skarn zones at the Trundle Park target:

51m @ 1.17 g/t gold and 0.54% copper from 39m, including: 20.5m @ 1.94 g/t gold and 1.18% copper from 57.6m, including:

o 8m @ 3.07 g/t gold and 1.95% copper from 57.6m, and

o 2.2m @ 4.32 g/t gold and 2.43% copper from 75.9m

18m @ 0.53 g/t gold and 0.05% copper from 284m, including:

3m @ 1.80 g/t gold and 0.18% copper from 284m

Hole TRDD001 also intersected the targeted adjacent porphyry intrusion system with a broad zone of anomalous mineralisation intersected, including:21.1m @ 0.25 g/t gold and 0.03% copper from 664m to end‐of‐hole

Assay results represent the most significant mineralised intervals to date at the Trundle Project and the targeted setting of a high‐grade gold‐copper skarn and adjacent porphyry intrusion.

Assays expected within two weeks from the Mordialloc target, where significant intervals with visually interpreted localized moderate copper grades and inner propylitic zone alteration were identified.

Second hole recently completed at Trundle Park (detailed core review underway) and first hole currently being drilled at the Baileys target.

Follow‐up hole to commence at Mordialloc in July.

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