Drilling update and follow-up IP geophysical survey planned at Paradise Dam Prospect

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SUMMARY

• A six-hole reverse circulation (RC) drilling program at the Peake Project testing the Paradise Dam Prospect has been completed (1,791m total) – samples dispatched to the laboratory

• The overall location of Targets AC23 and AC24 has been renamed the Paradise Dam Prospect for ease of reference

• A diamond core tail was completed to 651m depth on hole 23PK11, to test the promising chargeability anomaly on the southwest corner of the Paradise Dam Prospect. Water prevented RC drilling below 330m • Drill core from the diamond tail of 23PK11, from a depth of 475m to 651m, has been transported to Adelaide for cutting and sampling, with assays expected in January

• An IP geophysical survey is planned for early December to test the extent of the chargeability anomaly, which is open to the southeast and southwest along major structures

• A heritage survey is planned to be completed in January to enable follow up drilling on IP geophysical survey results extending the planned area for exploration at the Paradise Dam Prospect • The Paradise Dam Prospect is located on the regional scale Karari Shear Zone and is crosscut and offset by a northwest fault. A 3.8mGal gravity anomaly has also been identified by extensive gravity surveys previously undertaken by Copper Search, in 2022-23 (ASX announcement 10/7/2023)

• RC and diamond core assays will be released as a complete set with results expected in early 2024

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