The Louie anomaly is a 1,200 x 400m gold-in-regolith anomaly located on the northern margin of the Project and is open towards the Mount Gibson Gold Project. Several anomalous values up to 90ppb Au were reported within the weathering profile. The fresh rock - the potential primary source of mineralisation, was never tested below the regolith anomaly.

The anomaly is located ~1km along strike from Capricorn Metals Ltd.'s conceptual open pit. Of significance for the potential of the Claw Project, the two gold anomalies are clearly associated with the same regional structure that hosts the gold mineralisation at Mount Gibson. Aircore drilling at the Santy Project had previously defined a coherent gold anomaly at the `Santy Prospect'.

The Santy Prospect gold anomaly is characterised as a 2.2km-long 25ppb gold anomalous trend contained within a prominent north-northeast trending shear zone. 3 RC holes were drilled (306m total) testing a mineralised sheared margin of a felsic porphyry. Encouragingly, intensely altered, sulphidic, sheared felsic and mafic rocks were encountered in drilling with the following key polymetallic intercept: SRC006 ­ 1m @ 0.89g/t Au, 90.3ppm Ag, 2.03% Cu & 0.19% Pb+Zn (66-67m).

The result is of significance due to the polymetallic composition of the mineralised zone. It is thought that the mineralisation is Volcanogenic Hosted Massive Sulphide (VHMS) related. The Tallering Greenstone Belt contains known VHMS mineral occurrences.

With the multi- deposit, polymetallic Golden Grove VHMS camp a prominent operation in the region. The company is currently reviewing the Santy Project and broader Tallering Greenstone Belt providing context to the polymetallic mineralisation and further exploration strategy. Further significant precious and base metal intercepts from the prospect include: SRC005 ­ 4m @ 0.18g/t Au & 0.55g/t Ag (23-27m); SRC006 ­ 5m @ 0.11g/t Au, 11.04g/t Ag & 0.27% Cu (81-86m); SRC007 ­ 1m @ 0.144g/t Au, 7.7g/t Ag & 0.27% Cu (83-84m).

Aircore drilling was also undertaken at several litho-structural targets throughout the project area. Of note, targets IZ6, IZ7 & IZ8 were tested, these targets lie along strike of the Snake Well Gold Project containing previously mined and JORC compliant gold resources. Significant results from the other various prospects drilled include: IZ7 - SAC136 ­ 1m @ 0.124g/t Au (41-42m); IZ6 - SAC157 ­ 5m @ 0.105g/t Au (20-25m); IZ1_1a - SAC166 ­ 5m @ 0.17g/t Au (45-50m).

Ultramafic targets UM1, UM 3 & UM4 were tested as part of the program although ultramafic lithologies were intersected, no significant results received from assaying and no sulphides were observed. A 220-sample geochemical/soil survey was completed at the Tallering Project (E70/5732) in November. The project forms part of the broader Santy Project and is located adjacent to the Tallering Peak Iron Ore Mine (Mt Gibson Iron Ltd.).

The project is prospective for BIF related gold and VHMS style base metal mineralisation with assay results expected to be reported upon in early 2023.