Marmota Limited recently announced that 1m assay results from extensional drilling at Marmota's gold discovery at Aurora Tank yielded outstanding grades of 217 g/t gold over 1m, and multiple high- grade gold extensions to the NE, SW and at depth. This has given rise to immediate high-priority drilling targets that require follow-up. Rig and crew were mobilized to site, and RC Drilling commenced on 6 October: Over 1,000m has already been drilled (13 RC holes).

Drilling adjourned on October 16, 2022 for the Woomera Defence Area closure that commenced on 16 October. Drilling will recommence when the area re-opens in early November. PROGRAM: October/November 2022: RC drill program: 60­80 holes (may vary); Total RC drilling: 8,000m (may vary).