Highlights

• Major Contracts Secured: Earthworks awarded to JB Contracting and drilling services contract executed with DDH1 Drilling for the Centurion Iron-Oxide Copper-Gold (IOCG) Project in the West Arunta Region of Western Australia.

• Maiden Drilling Imminent: Earthworks for the inaugural drilling program are scheduled to commence in June 2025.

• Strategic IOCG Target: The program will test a large-scale geophysical anomaly characteristic of significant IOCG systems like Olympic Dam and Carrapateena.

• Cost Efficiency: Drilling costs will be partially offset by up to $220,000 through the WA Government’s Exploration Incentive Scheme (EIS) co-funding.

• Leveraging Local Expertise: Both JB Contracting and DDH1 Drilling have existing operations in the West Arunta region, offering additional cost benefits and operational synergies.