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QUARTERLY ACTIVITIES REPORT – JUNE 2023



HIGHLIGHTS


  • NT Lithium Project works confirm high grade lithium prospectivity, with 2023 diamond drilling works conducted and results received with pegmatite intersections and lithium confirmed, with grades up to 0.7% Li₂O and a highgrade interval of 3.25m @ 630ppm tungsten High grade rock chip sample results, including:

    • Sample SM023: 1.03% Ta (1.26% Ta₂O₅), 1,922 ppm Sn, 637 ppm Li₂O

    • Sample SM022: 2.35% Sn, 0.32% Li₂O, 814ppm Ta (994ppm Ta₂O₅)

    • Sample SM020: 0.41% Li₂O

    • Sample SM021: 0.11% Li₂O

  • The Company exercised its exclusive right to earn an initial 90% interest in the NT Lithium Project tenements

  • NT government grant for co-funded drilling awarded for up to $68,828 over two diamond drillholes at NT Lithium Project

  • Maiden inferred (JORC 2012) Mineral Resource Estimate at Burracoppin multi commodity Rare Earth Elements (REE) + kaolin/halloysite project completed

  • Burracoppin Project REE samples sent to Curtin University for TREO metallurgical testing

  • Two very promising gold prospects identified at Monte Cristo Gold Project from geochemical sampling conducted during 2022, with peak grades of: 17.1gpt Au at Old Man prospect 3.12gpt Au at Emerald prospect

KEY OBJECTIVES FOR SEPTEMBER 2023 QUARTER

  • Continue exploration and drilling works at NT Lithium Project

  • Receive results from metallurgical testwork on REE samples from Burracoppin Project and assess





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