Charmers / Black Hills / Nacugi Trend / P1 & P2

The Company has identified numerous other anomalies over the Balama North Project which may be tested in the medium to long term. VTEM surveys conducted over the Balama North Project have confirmed the presence of significant conductive responses (typical of graphite mineralisation) over a number of areas which The Company has branded Charmers, Black Hills, Nacugi Trend and P1 & P2, these anomalies can be seen in Figure 1 below.

Figure 1. Overview of the new anomaly on License 5365 identified by the recent VTEM survey.