Lykos Metals Limited provided a significant exploration update on activities at the Company's 100%-owned Sinjakovo Project in Bosnia-Herzegovina. At the RDK copper cobalt prospect, the first ever modern exploration drillhole, SIDD001, is complete. SIDD001 intersected the interpreted lithological sequence which hosts the nearby high grade historical copper mine at a downhole depth of 22.5m. This was shallower than expected and in an oxide zone which suggests a ~100m reverse fault between the drilling area and historic mine area. The hole also intersected a sulphidic volcano-sedimentary complex at depth. The trenching program at the Zekil-Erak prospect targeting a gold-in-soil anomaly has commenced. About 2km of total trenching is planned at the Zekil area and is expected to
commence in August. Exceptional recent surface results support an ongoing focus on this prospect and, subject to trenching results, drilling is planned to commence toward the end of the calendar year. The Kovacevac, Prisoje and Krajevi prospects have been identified since the last exploration update (reported 13 April 2022). Kovacevac and Prisoje were identified following rock chip sampling results taken from areas with outcropping mineralisation. Mapping and drilling are
planned to commence toward the end of the calendar year. The Krajevi prospect, returning anomalous lead, zinc and antimony was identified for infill sampling following result from initial soil sampling program at the Jezero tenement. All 612 soil samples from the initial program over newly granted Jezero tenement have been collected. About 73% of the samples have been received. The processed geophysical airborne EM and MAG results from the project-wide survey are expected in mid-June, and interpretation of geophysical results is expected by early-July.