Drilling Commenced at Chisel Base Metal Prospect

• Reverse Circulation (“RC”) drilling has commenced at the Chisel Prospect. • The Chisel prospect is a large-scale base metal target identified from the detailed gravity data using 3D computer modelling completed by Newexco. • The target has been modelled to occur within 50m of the surface and is approximately 2000m in length, 500m in width and 500m deep, which is a similar geometry to other large