Native Mineral Resources Holdings Limited announce that it will undertake a ~700m (planned) diamond drill hole into the sulfide-breccia referred to as the Maneater Hill Breccia located approximately 100km west of Cairns and 35km northeast of the established mining town of Chillagoe in Northern Queensland. NMR was granted the granted the rights to explore tenement EPM28038 ("Maneater Breccia") near its existing Palmerville Copper Project in July 2022. The previously reported mineralisation (Bresser, 1996) and metal zoning found at the Maneater Breccia shares many similarities with the upper part of the >1Moz Au Mt Wright (breccia pipe) gold deposit, indicating a deposit may exist at depth, below the current limits of drilling.

The planned 700m diamond drill hole will be used to test the inferred zone of mineralisation below the current shallow level of drilling. MANEATER BRECCIA, QLD (EPM 28038): The Maneater Hill Breccia is a proven sulfide-bearing, intrusion-related breccia pipe which occurs as a significant topographic high (Maneater Hill) centrally located within the tenement. Existing information on the breccia pipe points towards a high potential for breccia-hosted copper and gold mineralisation below the predominantly silver, lead and zinc mineralisation identified near surface and in a single diamond drill hole completed in 1995.

Existing assays from historical drilling include silver grades of up to 15.8ppm Ag, copper grades up to 1810ppm Cu, Zinc grades of up to 9330ppm Zn, up to 10ppm Mo, and increasing gold grades up to 0.05ppm Au. The breccia pipe is an irregularly shaped structure approximately 500m long and 250m wide outcropping as a prominent rocky hill. The breccia is hosted within the extensive poly-deformed metasediments of the Hodgkinson Province.

Previous exploration in the area has included soil and rock chip sampling and a single diamond drill hole. Previous Exploration: A review of existing data, and a comparison of this data with other similar, and recently mined breccia-hosted mineral deposits including the >1 Moz Au Mt Wright breccia pipe (previously owned and operated by Resolute Mining Limited) suggests that the high lead, zinc and silver grades, together with relatively low copper and gold grades with sericite and silica alteration, that the current level of exposure may be above the zone of copper-gold mineralisation. The breccia pipe forms a prominent topographic high (Maneater Hill), with both breccia and mineralisation present at the surface.

Features of significance reported by previous explorers Rock chip samples from a vein adjacent to the breccia pipe of 2.05g/t Au and 65g/t Ag (sample number s40208; Stevens-Hoare & Robinson 1985). Rock chip samples from the southern side of the breccia pipe exhibit grades of 1.21 g/t Au and 640 g/t Ag (Bresser, 1996). Other samples returning grades of 14.9% Pb (Sample number s40266) and 9.45% Pb (Sample number s40017; Stevens-Hoare & Robinson 1985).

Significant observations reported in diamond drill hole log (*note that the diamond drill hole was oriented to 285 degrees at a dip of -50 to 53O, across the vertical mineralised breccia pipe). Increasing base metal abundance with depth. Diamond drill hole intersected sulfide-bearing breccia over a 300m intersection (not true width) of the breccia from 48m to 356m down-hole depth.