Chalking up green candles, page-12

EXCELLENT INFRASTRUCTURE AND GROUND CONDITIONS CONFIRMED AT HISTORICAL SALAU TUNGSTEN MINE
Highlights
• Extensive first phase of health and safety assessments completed within the historical Salau tungsten mine
• Results confirm excellent ground conditions within competent granite host rock with limited deterioration of conditions evident since mine closure
• Wide mine development drives which extend for more than 24 kilometres underground
• Ventilation is good, supported by natural air flows between higher and lower mine levels
• Water access already confirmed from local sources
• Nearest power line approximately one kilometre from the mine portal
• Only minor works proposed for the re-establishment of mine services for exploration activities including the installation of one ventilation fan
• Proposed work program to secure working areas for exploration and drilling and to re- establish ventilation and other services submitted to authorities
Apollo Minerals Limited (“Apollo Minerals” or “Company”) is pleased to advise that the Company has completed its initial phase of health and safety risk assessments within the historical Salau mine, confirming excellent infrastructure and ground conditions in the mine.
The Salau mine is at the centre of the Company’s Couflens Project (the “Couflens Project” or the “Project”) in the south of France and was one of the world’s highest-grade tungsten mines, operating between 1970 and 1986.
The mine, which remains open at depth and with gold upside, closed when tungsten prices were significantly lower than today. Apollo Minerals is studying the potential reactivation of the Salau mine and exploring numerous gold and tungsten targets in the wider region.
Prior to the commencement of exploration works within the Salau mine, the Company was required to complete a series of health and safety risk assessments aimed at ensuring safe conditions for workers during the exploration phase of the Project. An initial phase of risk assessments, focused on geotechnical stability, air quality monitoring, ventilation tests and water quality have been completed, and the results presented herein.
Executive Director Hugo Schumann commented: “The Salau tungsten mine is blessed with excellent infrastructure and ground conditions including wide development drives, good natural ventilation and ready access to water and power. The previous mine owners developed the majority of the mine within a hard and competent granite rock which remains in excellent condition today. These infrastructure advantages represent potential major time and cost savings and will greatly facilitate our planned work programs which include drilling to test multiple gold and tungsten targets.”