Induced polarisation (IP) survey identifies a new porphyry...

Induced polarisation (IP) survey identifies a new porphyry copper prospect characterised by a large and strong chargeability zone at Frisco • The geophysical signal, scale and location of the prospect, called Perserverance, suggests that it represents the causative intrusion(s) for the large Accrington skarn, which hosts extensive copper-magnetite mineralisation • Results also suggest an increased strike extent for the mineralised Cactus Corridor with a continuous and strong zone of high chargeability identified linking Perseverance with breccia type mineralisation at the Cactus, Comet and New Years Mines • IP results strongly support Alderan’s interpretation and exploration approach to the Frisco mineral system which the Company believes hosts a large scale, mineralised porphyry system • Processing and prospect-scale assessment of the IP survey is ongoing with results being released following further data collection and interpretation