Quarterly Report to 31 Dec 2017

Operations summary and financial update for the Oct-Nov-Dec 2017 quarterly period

• Completed resource drilling at the Stanton Cobalt Deposit, 70 reverse circulation (RC) drill holes for 6,259 m and 10 diamond drill (DD) holes for 773 m
• Highlights include
  • 37 metres at 0.28% cobalt (Co)
  • 18 metres at 0.33% Co
  • 20 metres a 0.31% Co
  • 15 metres at 0.21% Co
  • individual metre grades of up to 2.13% Co
• Completed exploration drilling at the Stanton SW, Stanton NE, Stanton SE, Running Creek and East Felix prospects, 57 RC holes for 4,554m (results pending)
• Acquired a highly detailed magnetic survey over the Stanton Cobalt Deposit and surrounding prospects
• 100% interest in nine (9) prospective tenements acquired in the Northern Arunta Pegmatite Province, Northern Territory and applications made for four (4) adjoining tenements