Labyrinth Resources Limited announced that exploration drilling is underway at its Comet Vale gold-copper-nickel project in Western Australia. This drilling is the first stage of a renewed focus on the significant exploration potential across the Comet Vale tenement package. Drilling is expected to take 10 days to complete and samples are expected to be submitted for assay at the completion of the program.

Results are expected in the June quarter. Key Points: Drill rig mobilised to site and drilling commenced 28 March 2023; Initial 20 hole, 1,500m program designed to test extensions to known mineralisation of the high-grade Sovereign Trend.