Quarterly Activities and Cashflow Report (September 2024)

SUMMARY

Reynolds Range Lithium Potential

• During the Quarter, iTech Minerals discovered a spodumene bearing pegmatite at Reynolds Range, NT

• Significant rock chip results include:

• 6.50 % Li2O
• 7.08 % Li2O
• 6.50 % Li2O
• 8.24 % Li2O*
• 8.24 % Li2O*
• 7.90 % Li2O
• 8.22 % Li2O*
• 7.23 % Li2O

• With over 60km of outcropping pegmatites interpreted on satellite imagery this has the potential to be a previously unrecognised lithium province
• The GMF1 pegmatite was sampled over a ~90m section and has a mapped length of over 250m before disappearing under thin sandy cover to the north and south
• QXRD analysis of two lithium bearing samples, from the GMF1 Pegmatite, confirm a spodumene content of 84% and 83%

Reynolds Range Copper-Gold-Silver-Antimony Potential

• Significant rock chip results received during the quarter:

• 18.2% Cu, 285.0 g/t Ag and 1.0 g/t Au at Scimitar
  
• 14.2% Cu, 1,490.0g/t Ag and 3.3g/t Au at Scimitar
  
• 16.4% Cu, 57.2 g/t Ag and 1.0 g/t Au at Scimitar
  
• 950.0 g/t Ag, 1.0% Sb and 5.3% Pb at Scimitar
  
• 19.5% Cu, 3.15g/t Au and 2,090.0g/t Ag at Reward
  
• 19.6% Cu and 12.2g/t Au and 785.0g/t Ag at Reward
  
• 13.8% Cu and 19.4g/t Ag at Reward
  
• 29.1% Cu, 0.83g/t Au and 27.4g/t Ag at Stanley
  
• 10.3% Cu and 0.2g/t Au at Stanley
  
• 55g/t Au and 2.4% Cu at Pine Hill
  
• 8.2g/t Au at Trout 3
  
• 15.4g/t Au at Cutlass
  
• 12.6% Sb, 1.0g/t Au, 90g/t Ag and 4.0% Pb at Falchion
  
• 182g/t Au at Sabre
  

• Ongoing fieldwork, including mapping and sampling is allowing iTech to develop a model for regional polymetallic copper-gold-silver mineralisation across the Reynolds Range Project

• Regionally significant electromagnetic anomalies at both the Scimitar and Reward Prospect align with the mineralised horizon and have the potential to be caused by massive sulphides associated with VMS mineralisation