Mount Todd, Near Mine Exploration Mineral Licence Number 1070 Mount Todd Project Australia Co-Funding Report for the period ended 31st October 2021

Abstract

1 HQ3 diamond drillhole was drilled under the Golf / Tollis pit to intersect the east dipping limb of the Golf Tollis Anticline, test for Batman style veining in the west dipping limb, and obtain information on the Faulted fold axis at Golf Tollis. AMWD was selected to perform the drilling utilizing a UDR1200 equivalent Diamond drill rig. Drilling was commenced on 17th June 2021 and was completed 100m past panned depth at 901m on 11th August 2021. Although the hole failed to intersect Intrusive at depth, it did intersect significant mineralisation, demonstrating continuity of mineralisation within the newly identified, Southern Cross Lode, (SXZN) and has added significantly to the understanding of bedding, fold and vein orientation within the mineralised corridor. The Hole intersected a number of mineralised zones, the best being: 22.7m @ 1.1 g/t from 503 meters down hole. The structural corridor defined as the Southern Cross Lode and has a strike of over 1.2 Km and dip continuity of greater than 500m. The character of the mineralization highlights the potential for additional resources both, within the Batman - Driffield corridor and proximal to similar sheeted vein mineralised systems within the Pine Creek Shear.