Comet Resources Ltd. provided assay results from mineralised samples taken during the field program undertaken in November 2020 at the Barraba Copper Project located in the New England area of NSW, approximately 550 km north of Sydney. Comet has now received complete assay results from samples taken from the historical high grade Murchison Copper Mine site and the Gulf Creek North prospects. The Field Program included grid based geochemical soil sampling and rock chip sampling. Evidence of copper mineralisation was widespread around the Murchison Copper Mine. Historical mine workings that were previously unknown to the Company around the Gulf Creek North area and proximate to a number of chargeability anomalies identified by a prior induced polarisation (IP) survey were also assessed. Murchison Copper Mine: Historical data indicates that the historic Murchison Copper Mine is a volcanogenic massive sulphide (VMS) style deposit, the same as that found at the Gulf Creek Copper Mine. These deposits often occur in clusters due to the nature of the hydrothermal processes that form them. This is the case at the Barraba Copper Project with three historic VMS deposits identified within the Project area. The Murchison Copper Mine produced ore in the early 1900's with historical records indicating the presence of underground workings to a depth of 16 metres, as well as a number of shallow pits. Copper and zinc mineralisation were the primary commodities of interest. Historical production records state copper was produced at an average grade of 3%, with historical assays up to 5.1%. The initial Field Program focused on delineating the tenor of the visible mineralisation as well as its extent. Accordingly, a number of mine dump and outcrop samples were taken for laboratory analysis. In addition, a number of grid-based soil samples were taken across the perceived strike of the mineralisation. The program entailed the analysis of rocks and soils by SGS laboratories in conjunction with in-situ field analysis utilizing a Niton personal XRF analyser (p-XRF). All soil sampling was based on a grid array, with samples taken every 5 metres on the two central lines and then every 10 metres on the outer two lines. All four survey lines were orientated approximately South-North. The results of the soil sampling for the main elements of interests are summarised as follows: In general terms, strongly elevated values for copper, zinc and iron were recorded over Soil Sample Line 1, which was placed directly over the Murchison workings. A comparison of the p-XRF results for in-situ analysis v's the -80# sieved sample analysis by SGS indicates similar trends and orders of magnitude for the main elements of interest. Strongly elevated values for copper, zinc and iron were recorded for Soil Line 2. Elevated values for zinc and copper were recorded on Soil sample Lines 3 and 4. The lower results appear to reflect the greater distance of the sampling from the old workings. A number of outcrops were analysed with the p-XRF and included a number of samples from the mine dump. In addition, rock chip samples from the same general locations were also forward to SGS Laboratories with the view to verifying the p-XRF data. These data clearly highlighted strong copper and zinc mineralization, whether by p-XRF or laboratory testing. Notable observations include: Copper values up to 4.6% and zinc values up to 4.0%. High cobalt values up to 0.7%. These results are strongly supportive of further exploration being required, including geophysical surveys. Planning for this work is now underway with the objective of outlining drilling targets as soon as possible. Gulf Creek North Prospect: A reconnaissance program was also undertaken over ground to the north of the Gulf Creek Mine within freehold land where exploration access has been granted. The focus of the program was to determine whether historically identified IP anomalies, some of which coincided with an orange/red oxidised soil profile, represented a mineralising event. During the investigation of the area, the presence of several pits and an 18 metre deep shaft were noted, evidencing past workings. Mullock from these workings exhibited strong iron oxide alteration. In-situ soil analysis by a Niton p-XRF was carried out along three soil lines. Sample spacings were at either 10 metres or 20 metres. In addition, a number of rock faces were analysed by the Niton p-XRF, whilst a representative selection of rock chip samples were collected and forwarded to SGS for laboratory analysis. A number of elements from the soil sampling were assessed and plotted. Only Soil Sample Line No 1 exhibited any significant trends. Please see appendices four to six for full results. Of the elements that were analysed, only copper and zinc values show a modest increase towards the east, perhaps indicating a slight influence from historic workings located in that general area. However, in-situ values for all other elements are quite low. A number of outcrops were spot-analysed with the p-XRF and a number of rock chips were also forwarded to SGS laboratories for additional analysis. The p-XRF sampling indicated moderately elevated values for copper (up to 0.08%) and zinc (up to 0.04%), with two samples also demonstrating high cobalt values (up to 0.35%). No significant values were recorded by laboratory analysis. Overall, the soil and rock sampling results from the Gulf Creek North Prospect area indicate the presence of some subdued copper and zinc mineralisation, but of a relatively low tenor. Further soil sampling is however justified to better define the relationship between the elevated soil values, the previously defined IP anomalies and the historical workings.