Exploration Update: December 2025

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Eromanga Basin, South Australia

Eromanga HMS Project

October activities

  • 393m of high-priority samples submitted for assay to be reported in December
  • 1,176m of samples from 3,170m drilled on Nilpinna were collected

Upcoming Activities

  • Assays expected in December
  • Detailed analysis of assays
  • Planning for follow-up ground magnetic surveys to identify strandlines
Macquarie Arc, NSW

Byrock Copper Gold Project

November activities

  • Drilled seven high-priority Pipe Targets using low-cost aircore drilling for 2,228m completed
  • Samples submitted for assay

Upcoming Activities

  • Core drilling test of the T55 Target, co-funded
    by $80,000 NSW Government Grant
  • Results expected in early 2026 in two batches

Theseus Copper Gold Project

November activities

  • Completed acquisition payments of three key tenements from Rimfire Pacific complementary to 100% owned EL9805

Upcoming Activities

  • Finalise tenement transfer paperwork
  • Landowner engagement and access negotiations
  • Drill target assessments
Nevada, USA

Firenze Silver & Gold Project

October activities

  • Completed 100% acquisition of project
  • Alteration mapping and rock chipping outcropping Silver & Gold veins
  • Specialised fine fraction soil samples

Upcoming Activities

  • CSAMT geophysics survey to refine drill
    targeting
  • Logistics and drill contracting plans
  • Finalise drill collars & drill permitting

Alaska, USA

Boulder Creek Gold Project

October activities

  • Relogging core and digitising of historical data

Upcoming Activities

  • Consulting gold expert to report
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