Cangallo Diamond Drilling Update

Diamond drill-hole CANDD003 successfully completed to a depth of ~880m, confirming substantial vertical extent of the mineralised porphyry system.

Copper mineralisation logged from near surface (as copper oxides) to depths of ~550m, where it occurs as hypogene sulphides (predominantly chalcopyrite with some bornite) in stockwork veins.

Diamond drill-rig moved to the northern area to test below higher-grade copper zones (supergene mineralisation) reported from the RC drilling program.

Assay results expected in 4 to 6 weeks.