Walford Creek potential, page-4

North west Queensland – Victor and Nicholson Projects The Company is currently continuing a review of expected cobalt potential at its northwest Queensland Victor Project and Nicholson Project, which is the subject of an Earn-in and Joint Venture Agreement with Teck Australia Pty Ltd (Teck). The Nicholson Project in particular, is being examined in detail in respect of: - copper, cobalt, zinc and lead mineralisation potential of a similar style to the Walford Creek copper-cobalt project located about 5 kilometres to the east (held by Aeon Metals); and - the Nicholson West lead-zinc geophysical target. These areas are not currently targeted by Teck under the agreement arrangements. The Company is currently in discussions with Teck regarding access to the above areas during 2018.