ASX Announcements

Analysis of diamond holes confirms significant high-grade manganese

Highlights:

• Full drill core scanned using high-resolution non-destructive XRF analysis

• Scanning results confirm the presence of shallow high-grade manganese with grades exceeding 50% Mn over 10cm intervals recorded

• Variability in manganese grades indicate that beneficiation should be achieved

• Core samples to be used in upcoming beneficiation testwork program ahead of Mineral Resource Estimates
• All activities are fully funded by Joint Venture partner OM (Manganese) Limited

HIGHLIGHTS:

Bryah Basin Copper-Gold Project (100%)

• Major drilling campaign (18,000 metres) commenced
• Phase 1 RC drilling program (8 holes for 1,925m) at significant VMS copper-gold target at Windalah completed and assays pending
• Down Hole Electromagnetic Survey of 5 RC drill holes underway

Bryah Basin Manganese Joint Venture (60% JV Interest)

• Diamond drilling completed (7 holes for 201m)
• Scanning of diamond drill core using XRF technology completed ahead of beneficiation testwork and mineral resource estimate
• OM (Manganese) Limited funded project expenditure to increase JV Interest to 40%

Gabanintha Project (100%)

• Bonanza results recorded in gold assaying of samples from previous drilling. Best gold intercept:
• 19RRC006 - 10m @ 27.5 g/t Au from 53m, including 4m @ 64.3 g/t Au
    &n

Drilling at Windalah VMS copper-gold prospect in the Bryah Basin

Highlights:

• 8,000 metre multi-phase reverse circulation/diamond drilling program planned
• First phase (2,000m) of RC/diamond drilling commenced today
• Program designed to test significant Volcanogenic Massive Sulphide (VMS) copper-gold target at Windalah prospect

18,000 metres of drilling to test Windalah VMS copper-gold prospect and several other high-priority targets in the Bryah Basin

Highlights:

• 8,000 metre multi-phase reverse circulation/diamond drilling program planned
• First phase of RC drilling to begin in coming days
• Program designed to test significant Volcanogenic Massive Sulphide (VMS) copper-gold target at Windalah prospect
• 10,000 metre Aircore drilling program targeting copper-gold across several locations planned.

182 g/t Au interval highlights potential for significant gold mineralisation

• 247 samples assayed from 17 holes previously drilled at the Australian Vanadium Project at Gabanintha. Best gold intercepts:
  • 19RRC006 - 10m @ 27.5 g/t Au from 53m, including 4m @ 64.3 g/t Au from 54m,         which includes 1m (55-56m) @ 182.0 g/t Au, and 1m @ 6.4 g/t Au from 65m.
• High-grade gold occurs in a cross-cutting fault zone within the vanadium-titanium-magnetite (VTM) deposit, which holds potential for significant gold mineralisation.
• Major cross faults over 11 km VTM deposit now represent untested gold targets.
• Bryah to advance assessment of growing gold potential at Gabanintha by:
  • Immediate submission of further archived drill samples pulps fo