Quarterly Activities and Cashflow Report 30 June 2018

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QUARTERLY ACTIVITIES REPORT FOR THREE MONTHS ENDED
30 JUNE 2018

  • Substantial 15,000m drilling program commenced early June
  • Assays received for 320 of 805 reconnaissance shallow air core drill holes completed this so far this season
  • 53 of 320 (~17%) of the holes have anomalous cobalt in excess of 100 ppm Co. This compares favourably with the signature of 147ppm Co over the existing Stanton Cobalt Deposit
  • Drilling is expected to continue till the commencement of the wet season in November
  • Regional airborne magnetic survey completed
  • Diamond drill assay results from 2017 drilling have been received and metallurigical samples sent for processing. Resulted expected later Q3 2018

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