Assays from shallow RC (18 holes, 1,725m) and diamond (2 holes, (137.9m) drilling programs around the historic Star of Mangaroon gold mine include high-grade intercepts of:

• SOMDD001: 1.4m @ 87.9g/t Au from 16.0m

• SOMDD002: 2.5m @ 3.3 g/t Au from 68.2m

• SOMRC008: 2.0m @ 4.8 g/t Au from 68m

• SOMRC007: 1.0 @ 4.0 g/t from 19m (and a 2m mining void immediately above)

These are in addition to previously reported results from the first 10 holes of the RC program (ASX: 11 Dec 2023) including:

• SOMRC004: 9m @ 13.4 g/t Au from 9m including 2m @ 59.4g/t Au from 16m

• SOMRC005: 7m @ 23.0 g/t Au from 53m including 3m @ 48.9g/t Au from 54m

• SOMRC006: 8m @ 15.5 g/t Au from 89m including 3m @ 30.4g/t Au from 90m

Encouragingly, SOMRC018 (23m @ 0.4 from 10m) confirmed historical thick, oxide mineralisation to the north of the Star of Mangaroon. This may represent a halo around another high-grade lode and requires follow-up.

SOMRC015 (3m @ 2.9g/t Au from surface) indicates potential for additional lodes to the south heading towards the historical working at Popeye. This area hosts rock chips of 121.2 g/t Au, 179 g/t Ag (SM7) and 30.1 g/t Au, 552 g/t Ag (RNLYD048).

The Star of Mangaroon is one of several historical mines within the >10km long Mangaroon Shear Zone which has seen drilling along only ~200m of strike. Seven new prospects have already been identified in an area with camp scale potential which has never seen systematic exploration due to fractured, small scale ownership. There will be a strong focus on gold along the Mangaroon Shear Zone in 2024.