Constellation Resources Limited has recently completed its AC drilling program on tenement E28/2403 (70% Constellation, 30% Enterprise Metals Limited). The tenement is located between Legend Mining Limited's "Mawson" and Galileo Mining Limited's "Lantern" nickel sulphide discoveries in the Fraser Range. The drill program was undertaken at one of five promising discrete nickel-copper-cobalt-platinum group elements ("Ni-Cu-Co-PGE") geochemical footprints that have been identified within geophysical Targets 1, 2 and 4 from the maiden AC drilling program that was completed in July 2020. The follow up AC drilling program was comprised of 16 holes totalling 1,552 metres and was designed to undertake infill drill spacing around KAC0091 down to 100 metre centres. KAC0091 returned a promising broad intersection of 21m @ 0.21% Ni, 0.08% Cu, 0.03% Co, 52 pbb (Pt+Pd), 12ppb Au to BOH during the Company's maiden AC drilling program. All holes had successfully reached the basement rocks and to blade refusal beneath a younger Eucla basin cover sequence (80 metre - 100 metre thickness). The current AC drilling program included two holes over the surface projection of the low order interpreted moving loop electromagnetic ("MLTEM") conductor which was previously reported in the Company's September 2020 Quarterly Report. Due to the current high demands placed on all commercial sample laboratories, assay turnarounds have slowed considerably. Once assay results are received and processed, the new information should refine the current broad Ni-Cu-Co-PGE basement anomaly that is centred by KAC0091 and also potentially assist vector towards better developed nickel sulphide zones. High priority follow-up work programs will be undertaken once all results are received and processed. IDENTIFICATION OF TRACE MAGMATIC NICKEL SULPHIDES: Preliminary optical petrological examination from selected AC samples in three drillholes (KAC0124, KAC0131 and KAC0135) has indicated the presence of trace polysulphide blebs comprising of supergene violarite after former pentlandite (nickel sulphides) and chalcopyrite (copper sulphides) in favourable peridotite and pyroxenite (both olivine bearing) host rocks. The presence of nickel sulphides in peridotite/olivine pyroxenite host rocks and supportive pathfinder geochemistry, clearly demonstrates the intrusion nickel sulphide fertility and prospectivity to potentially host an economically viable deposit somewhere within it. Over the past year, the Company has systematically advanced its Transline nickel tenement portfolio after each exploration phase. This includes postulating the presence of favourable mafic intrusions that are concealed undercover, the establishment of promising Ni-Cu-Co-PGE anomalies in AC drilling, to the identification of nickel sulphides within a favourable intrusion suite of rocks. The confirmation of trace magmatic nickel sulphides from petrological examinations in the three drillholes (total sulphides content <1% for each sample) is an important early stage milestone in greenfield nickel exploration and further validates the basement geochemical anomalies that are currently defined across geophysical Target 1 and the greater prospectivity of the mafic/ultramafic intrusions interpreted to be within the greater tenement area.