Central Iron Ore Limited announced an exploration target of 1.7 to 4.1 million tonnes at 5.0g/t to 11.5g/t Au (270,000 to 1,500,000 Oz of Au) on the Emperor structure at its South Darlot Gold Project. The exploration target was interpreted as a linear structure from historical gold workings, gold occurrences within historical drill holes, aeromagnetic and gravity geophysics as well as results from the company's recent drilling program. The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.

South Darlot Gold Project: Initial exploration target on the Emperor structure has been estimated to be between 270,000 to 1,500,000 oz of Au by 1.7 to 4.1 million tonnes at an expected grade of 5.0g/t Au to 11.5g/t Au; The Company has completed the stage 1 farm-in spend to earn a 51% interest in the Barrick JV tenements. CIO can earn an additional 19% interest (equal to a total interest of 70%) by spending an additional AUD 250,000; Completed Stage 1 Drilling Program with significant gold intercepts being: 4m at 50.3 g/t Au including 1m at 158 g/t Au from 43m; 7m at 27.1g/t Au including 1m at 159 g/t Au from 46m; 4m at 23.2 g/t Au including 1m at 81.8 g/t Au from 28m. Emperor Structure: The Company's recent drilling program confirmed a west-north-west (WNW) trending shear zone named the Emperor Structure.

It has been interpreted from a linear trend of historical gold workings, gold occurrences within drill holes, as well as observations of the diamond drill core and RC chips from the recent drilling at the Endeavour Prospect. The interpretation generated from aeromagnetic and gravity geophysics supports the view that the structure extends further to the WNW ultimately causing a >100m displacement of stratigraphy. This gives the Structure a 2.5km strike length, a direct association with gold endowment and a favourable geological setting to host significant gold accumulation.

Currently, vein-hosted gold mineralisation has been modelled at the A1 Prospect, Mermaid Prospect and the Endeavour Prospect. Potential exists to explore for extensions of this structure to the ESE as well as across strike. The Endeavour Prospect is on the southern extent of the Emperor structure and will be the focus on future drilling programs. Emperor Structure Exploration Target: An initial exploration target on the Emperor Structure has been estimated to be between 270,000 and 1,500,000 oz of Au by 1.7 to 4.1 million tonnes at an expected grade of 5.0g/t Au to 11.5g/t Au (270,000 to 1,500,000 Oz of Au).

The exploration target for the Emperor Structure has been estimated based on a number of assumptions and limitations which include, among other things: The strike length of the structure is 1,400m; the geometry of the Structure remains constant over their entire length; the model depth extent has been fixed to 150 metres (200m down dip extent); the average true width is 3.9 metres; 100% recovery and no dilution; the specific gravity of the material is 2.51t/m3; the grade range reflects the average gold concentrations utilising suitable gold top cuts; tonnage range is +20% and -50%; it does not take into account the depth to top or effect of dip of the models and how this may impact potential mining viability.