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Drilling underway on Shinganda Licence, Zambia

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The Company is pleased to confirm that Phase 3 RC drilling on the Shinganda Licence has commenced. Exploration including drilling to date has established the potential for a large IOCG-type target and the current programme is focusing on an approximate 10km strike length of Cu - Au mineral-bearing fault/shear targets along the Shinganda Main Fault and Splay structures broadly defined by the Company to date. These structures exposed at surface are proven to host copper - gold mineralisation within shears associated with the Shinganda Splay Fault. The extent of the mineralisation will be tested during this programme.

The Company will provide the market with updates when results are received.

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