Quarterly Activities and Cashflow Report 30 June 2018

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