Mt Malcolm Mines NL announced the RC drilling program (22DBRC0006 to 22DBRC0019) for an advance of 1,612m, that commenced in October 2022, is now complete. Peak significant intersections include
the following results: 22DBRC0008 4m @ 2.52 g/t Au (25-29m) including 1m @ 9.11 g/t Au (26-27m); 22DBRC0010 5m @ 1.18 g/t Au (0-5m) including 1m @ 2.39 g/t Au (3-4m); 22DBRC0011 6m @ 0.62 g/t Au (34-40m) including 1m @ 1.59 g/t Au (37-38m); and 2m @ 0.48 g/t Au (44-46m) and 1m @ 0.22 g/t Au (57-58m); 22DBRC0013 2m @ 1.08 g/t Au (47-49m); 22DBRC0016 6m @ 0.75 g/t Au (28-34m) including 1m @ 1.63 g/t Au (28-29m); and 4m @ 0.74 g/t Au (38-42m); including 1m @ 1.74 g/t Au (41-42m); and 22DBRC0019 8m @ 2.21g/t Au (28-36m) including 1m @ 10.60 g/t Au (31-32m). The Dumbarton workings consist of two historic workings approximately 320m apart. The area contains no rock outcrop. Production records from the gold boom of last century returned 210.58 oz from 388t (16.88 g/t Au). At Dumbarton Mt Malcolm Mines NL has identified significant gold mineralisation at depth (77-97m) as evident in 22DBRC0005. This mineralisation is associated with quartz veining and carbonate alteration in sheared and foliated basalt ± minor sulphides on or near intrusive dolerite contacts. Along the Dumbarton lode up to three parallel zones of shearing and quartz veining hosted by basalts returned numerous intersections in drilling campaigns conducted by Torian Resources RC drilling (2017). The exploration target model and the Dumbarton lode target area are comparable with the geology, structural orientation and mineralisation styles observed in old mines to the north at the nearby but excised Richmond Gem and North Star workings, 1-2km away. The underground mines were two of the districts richest and best high-grade gold producers yielding a total gold production of 39,611 ounces, the vast majority of which was processed prior to 1915 (Kelly 1954). The mineralised Dumbarton vein hosted lode system has not been systematically drill tested over its known strike length nor at depth. Potential Dumbarton lode extensions beyond the identified 400m long mineralised halo remain a semi-tested target zone. Due to the historical and recent positive gold results it's the companies intent to confirm and extend known gold intersections with RC drilling. Mineralisation continuity along with understanding the geometry and extent of the lode zone is the drill program's objective. The Dumbarton area has historically returned positive drill results and is regarded as prospective for gold along strike and at depth. Drilling confirms the geological model and shear/quartz hosted gold mineralisation. The historic peak RC drill intersection returned to Nova Resources (1986) near the main shaft was: 4m @ 7.44 g/t Au (35-39m) including 1m @ 18.30 g/t Au (36-37m). The DRC hole series drilled by Torian (2017 - 2018) and Polaris Pacific (1988) following up Nova's original discovery hole, have focused on RC drilling along the Dumbarton lode,
the earlier RC holes are angled and shallow, averaging 44m. Bed rock intersections and deeper holes are limited to the later Torian and M2M RC drilling. The depth potential remains untested. Additionally, Dumbarton information is detailed in section 6.3 of the Independent Geologists Report in the "Mt Malcolm Mines NL ACN 646 466 435 Prospectus" dated 2nd August 2021. Other historical drill data has been previously released by the company or the relevant exploration company at the appropriate time during their exploration phase. The Company is not aware of any new information or data that materially affects the information presented in the Prospectus nor this or any previous Dumbarton documents.