June 2021 Quarterly Activities Report

Activities were focussed on completing drilling programmes at Golden Ridge and Juglah Dome and selecting Dome North lithium targets for a drill programme that commenced in July.



HIGHLIGHTS


  • Pioneer Dome Lithium Project: Geophysics reprocessing and assessment, target review and field checking, and drill target selection at Dome North were undertaken during the Quarter. o Post-Quarter: The drill programme commenced 19 July.

  • Golden Ridge Gold Project: First pass shallow air-core drilling at the AC75, Scandia and Maximus prospects was completed in May with assay results received in late June. Best results included: o Skandia: 8m @ 1.01 g/t Au from 96m including 3m @ 2.45g/t Au (hole GRA0454); and o Maximus: 3m @ 3.0 g/t Au from 30m including 1m @ 6.07g/t Au (hole GRA0375); and o AC75: 12m @ 0.49 g/t Au from 51m including 3m @ 1.01 g/t Au (hole GRA0415)

  • Juglah Dome Gold Project: Assay results from the March air-core drill programme were received. A further 700m of strike was added to the gold mineralised Gards porphyry into an area with thin alluvial cover and it remains open to the south. This is in addition to the 475m long zone of gold mineralisation defined during the December 2020 drill programme.

  • Corporate: Closing cash on hand as at 30 June: $5.5 million.