Drilling is underway at the Condooringie Prospect to follow up on the recently identified high-grade halloysite zone located 1 km to the north of drilling undertaken in December 2019 which significantly extended the kaolin zone to the south.

The aim of the new drilling program is to infill between the two high-grade halloysite zones identified and potentially define Bright-White halloysite-kaolin over 2 kms of strike at Condooringie should the two zones be shown to be linked.

Drilling is also planned to test the south and east of the southern zone at Condooringie which remains open in both directions.

On receipt of final assays from both programs, it is the intention to prepare a JORC 2012 Mineral Resource for the Condooringie Prospect.

Work is continuing on the Pre-Feasibility Study for Carey's Well, located approximately 5 kms from the Condooringie Prospect, which is planned for release before the end of May.