Resource Mining Corporation Limited announced it has received highly encouraging lithium and base metal assay results from field survey work undertaken to complete the due diligence program for the acquisition of the three Finland projects. Geological review and field survey of the Hirvikallio reservation notification (an area of 165 km² in the Somero-Tammela area, Southern Finland), was completed by Skapto Consulting during 2022. GTK considers this region one of the most promising lithium pegmatite provinces in Finland, with various plutonic rocks and late-tectonic K-granites directly associated with known LCT pegmatite dyke swarms. The further work completed by Skapto has provided an insight into the areas of known Li mineralisation and areas of potential Li mineralisation through the mapping and assaying of in situ and transported pegmatite samples which outcrop in the reservation.

Of the 108 samples taken, 89 were noted as outcrop samples and the remaining 19 were boulder samples. Twenty five (25) out of the 108 samples returned grades greater than 0.02% Li2O. Six samples were reported with greater than 0.4% Li2O.

Three of these samples returned Li grades of 2.1% Li2O, 2.8% Li2O and 3.9% Li2O. These confirm sampling grades from earlier fieldwork, in particular at the Hirvikallio pegmatite with grades up to 3.9% Li2O in petalite rich pegmatite rock. All of the significantly mineralised samples were recovered from outcrop.

Anomalous Li values were recorded in many areas of massive pegmatitic outcrop to the south of the main Hirvikallio pegmatite. Field work has confirmed these areas require significantly more work, but anomalous values >0.02 Li2O are common and provide support for further high-grade discoveries in the reservation. The Ruossakero project area (283.72km²) on the north-western edge of Finland, near the Swedish border, was evaluated and visited by Skapto Consulting.

The area contains the Ruossakero Ni Sulphide deposits which are hosted by Archean komatiitic ultramafic bodies and are considered to be of the `Contact-type' of Ni-Cu-PGE emplacement related to the komatiites flowing across sulphur enriched sediments or volcanics. The Ruossakero Ni occurrence is in the basal contact zone of a NW-trending komatiitic cumulate sequence, of which all contacts have been mobilised by later tectonic movement. There are currently two principal bodies defined at Ruossakero, the Main Body (Ruossakero) and the smaller Eastern Body (Sarvisoaivi).

Other occurrences within the reserved area which were highlighted by a desktop review of available information, include: Sarvisoaivi (Ni-Cu-Co) including 10.3m @ 0.89% Ni; Tsohkkoaivi (Ni-Cu-Co) including 2.1m @ 1.16% Ni; Kaamajoki (Cu-PGE-Ni-Au) including 0.4m @ 3.15% Cu; Sarvisoaivi-Mo (Mo, W); Autsasenkuru (Mo). Skapto geologists first obtained and reviewed all available data for the Ruossakero area and then completed a five-day field visit to the Sarvisoaivi area to verify data and local geology. Only a small part of the Ruossakero reservation area was visited with 12 samples collected.

Sampling results and field observations confirm the Ni/Cu potential of at least part of the reservation area. Numerous Ni, Cu, Co and S values from grab samples are anomalous to highly anomalous. Highest observed Ni value was 0.48% Ni, and this was combined with many anomalous Cu values (>100ppm Cu), and the widespread presence of sulphides within the Archaean aged host rocks.

This combination of sulphur enriched rocks upon which komatiites flow across is an important condition required to form contact type Ni-deposits as seen elsewhere within the exploration reservation. The projects are currently covered by 2-year "exploration reservations", valid to May 2024. These reservations allow completion of initial, non-invasive prospecting work, including mapping, outcrop sampling, soil sampling, and geophysics.

The Company has commenced the process for conversion of the three exploration reservations to exploration licences which will allow normal ground disturbing exploration activities such as drilling, pitting, or trenching upon conversion into exploration licences.