Dalaroo Metals Ltd. commenced a diamond drilling program at its Manning prospect, Namban Project. The drilling program is seeking to test significant Ni-Cu-PGE*+Au geochemical anomalies that are coincident with IP anomalies with high chargeability values of up to 40 mV/V. The Manning prospect is located 150km north of Perth and 90km north of Chalice Mining's world class Julimar Ni-Cu-PGE Project. The diamond drill program will be partly funded by Dalaroo's successful application in Round 26 of the Exploration Incentive Scheme sponsored by the Government of Western Australia.

The grant is for an amount of up to $175,000 from the Department of Mines, Industry Regulation and Safety ("DMIRS"), structured as a contribution towards 50% of direct drilling cost. The diamond drill program underway is expected to be completed by mid-March 2023. Drill core samples, once logged and processed will be dispatched for multi-element analyses with assay results expected during the June 2023 quarter.

Drill holes will be cased and ready for downhole geophysical surveys. The diamond drilling program underway at Manning is expected to confirm the presence of magmatic intrusion hosted Ni-Cu-PGE+Au and or hydrothermal deposits north of Chalice Mining's Goneville Ni-Cu-PGE deposit and the recent discovery by Minerals 260 of Au-Cu mineralisation at Angepena, Mynt and Zest prospects located 10km to the south-east. The drilling is also expected to provide important information on the stratigraphy, lithologies and alteration assemblages related to the identified geochemical and geophysical anomalism at Manning.

Subsequently, expanding the current understanding of controls on magmatic Ni-Cu-PGE+Au and hydrothermal/structural hosted mineralisation in the emerging West Yilgarn Province".