Pearl Gull Iron Limited announced the third batch of results from its maiden exploration program on Cockatoo Island. The company continues to receive encouraging results from the Switch Pit area while first pass North Bay drilling has returned lower grade mineralisation so far. The results from the Switch Pit area further contribute to data underpinning a resource estimate in 2022. The third batch of assay results have continued to return impressive high grade iron results from the Switch Pit including: Switch Pit prospect: 21SWDD03 ­ 10.9m @ 62.65% Fe from 18.4m down hole The Switch Pit diamond drilling program comprised a total of 11 holes for 1,098.8m. The latest assay results continue to display high-grade iron material from the main Seawall haematite unit and the adjacent footwall iron mineralisation. The footwall iron mineralisation ore types will be tested for beneficiation via Wet High Intensity Magnetic Separation (WHIMS) with results expected in the coming months. This type of material was previously processed on Cockatoo Island using similar beneficiation processes to produce high grade (>66% Fe) finished product. A plan view image of the Switch Pit drill hole traces is shown below along with the interpreted trend of the high-grade Seawall haematite intersected in holes 21SWDD01 and 21SWDD02. The `Cockatoo Formation' is a key target for iron mineralisation and its surface expression has been draped over the image in transparent blue. The first results from the North Bay prospect have been received. Modest iron mineralisation was intersected in 21NBDD04 within haematitic sandstones and quartzites including; 2.23m @ 32.4% Fe from 16.3m down hole; 2.85m @ 47.7% Fe from 66.1m down hole; 2.75m @ 44.1% Fe from 87.9m down hole; 1.58m @ 46.4% Fe from 102.1m down hole; 2.2m @ 43.7% Fe from 110.5m down hole; 2.2m @ 38.0% Fe from 117.3m down hole; 2.7m @ 43.2% Fe from 137.2m down hole. Assay results from the laboratory are slowly being completed with the remaining results expected to be received steadily over coming weeks.