Strike Resources Limited provided an update on mining operations at its Pilbara Paulsens East Iron Ore Project (Paulsens East) and the imminent first
shipment of Iron Ore. Strike has executed a formal Combined Multi-Users Access and Licence Agreement (MUA) with the Pilbara Ports Authority (PPA). Under the MUA, Strike has secured access subject to Strike and PPA finalising a Logistics Plan to the Utah Point Multi-User Bulk Handling Facility at Port Hedland for the export of 200,000 tonnes of iron ore per financial year. The execution of the MUA followed a successful visit by PPA to the Paulsens East mine site in
May 2022. Strike plans to commence hauling Paulsens East Lump DSO into its allocated
stockpile bunker at Utah Point in July 2022. Construction of private Haul Road from mine to existing major road network (Nanutarra-
Munjina Road) nearing completion. Additional crushing and screening equipment mobilised to site to accelerate production
and optimise product quality. Ore Sorter mobilised to site to further optimise production of high grade (62% Fe) Paulsens
East Lump DSO. DWER Works Approval application for landside operations at Port of Ashburton (Stage 2
Development) well advanced with approval expected shortly.