New Mutooroo Scoping Study Seeks to Enhance Economics

• New scoping study will investigate a higher throughput, initially copper only, option for the Mutooroo Project (Stage 1 work program).
• Specific focus on lowering project risk with a lower capital requirement while enhancing project economics.
• Relies on new exploration discovering additional shallow open pit copper-cobalt resources within trucking distance in the surrounding Mutooroo Copper-Cobalt district.
• Longer term value will be sought from viable cobalt recovery options and evaluation of underground development potential (Stage 2 work program).

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