ASX Announcements

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28-Jul-2021

HIGHLIGHTS:

  • $3.95 million Placement completed following shareholder approvals:
  • $2.95 Million in Tranche 1 - funds received in June 2021
  • $1.0 Million in Tranche 2 - funds received on 27 July 2021
  • Current Cash - $3.83 million
  • $3.0 Million At-The-Market (ATM) Facility established with Acuity Capital
27-Jul-2021

HIGHLIGHTS:

Bryah Basin Copper-Gold Project (100%)

  • Phase 1 RC drilling program at the Windalah Copper-Gold Prospect intersects broad sulphide-rich zone with highly elevated VMS pathfinder minerals
  • Highest copper results: – 2m @ 0.23% Cu from 132m in BBRC063, and 4m @ 0.12% Cu from 136m in BBRC064
  • DHEM and DDIP surveys at Windalah identify coincident geophysical anomalies
  • Aircore drilling program completed with 31 holes for 2,537 metres at Windalah and 6 holes for 279 metres at Mount Labouchere Prospects – assays pending
  • Phase 2 (diamond core) drilling to test depth extensions at Windalah Prospect to commence in August

Bryah Basin Manganese Joint Venture (60% JV Interest)

  • Geological mapping and Gradient Array IP (GAIP) surveys completed at Brumby Creek – several targets identified for drill testing
  • Scanning of diamond drill core using XRF
22-Jul-2021
22-Jul-2021

Latest intercepts confirm potential for large gold system at Gabanintha

  • 1,377 samples assayed from 23 holes previously drilled at Gabanintha. 124 samples returned gold grades exceeding 0.1 g/t Au
  • Earlier sampling at the recently named New Hope prospect recorded:
    • 19RRC006 - 10 metres @ 27.5 g/t Au from 53m
  • Latest gold intercepts at the New Hope prospect include:
    • 19RRC007 - 21 metres @ 0.74 g/t Au from surface and
                           1 metre @ 3.92 g/t Au from 80 metres
    • 19MTDT002 - 1 metre @ 2.54 g/t Au from 117 metres
  • Further gold intersected in fault zone 1.2km Northwest of the New Hope prospect:
    • 19MTDT015 - 6 metres @ 0.53 g/t Au from 39 metres
  • Latest results support the view that gold occurs in several cross-cutting fault zone
1-Jul-2021

Highlights:

  • Phase 1 RC drilling program at the Windalah Prospect intersects broad sulphide-rich zone with highly elevated VMS pathfinder minerals
  • DDIP survey identifies coincident geophysical anomaly at depth
  • Highest copper results include: – 2m @ 0.23% Cu from 132m in BBRC063, and 4m @ 0.12% Cu from 136m in BBRC064
  • Results indicate latest drilling is closer to a potential copper-gold source
  • Phase 2 (diamond core) drilling to test depth extensions at Windalah Prospect to commence in coming weeks
24-Jun-2021

HIGHLIGHTS:

  • OM (Manganese) Limited (OMM) has completed funding Tranche 3 ($500,000) expenditure on the Bryah Basin Manganese Joint Venture (BBMJV)
  • OMM commits to fund Tranche 4 ($500,000) to increase its JV interest to 51%
  • Exploration completed to date under the BBMJV has identified significant manganese mineralisation at the Horseshoe South Manganese Mine, Brumby Creek and Black Hill Prospects
  • Tranche 4 funds will be used for resource and reconnaissance drilling, mineral resource estimation and beneficiation testwork.