Bantam West Arunta Project

Project Development Plan Overview

Fast-Tracking Exploration:

Detailed aeromagnetic surveys and on-ground reconnaissance planned for priority targets
Initial focus on granted licences E80/5873, ELA80/5915

Pending Licences:

Future Ground Surveys:

Ground-based gravity surveys for target refinement planned after successful heritage negotiations

Large Project – 1,470 km2

The Project is located ~490km south of Halls Creek in Western Australia
Four contiguous tenements, granted Exploration Licences E80/5873 and ELA80/5915 and applications for Exploration Licences ELA80/5872 and ELA80/5896
One of the largest landholdings in the West Arunta region
Adjacent to WA1 Resources’ (ASX: WA1) West Arunta Project, home to world-class Luni Niobium-REE discovery, boosting WA1’s market cap to over $1b
Multiple targets showing structural and magnetic features similar to that representing mineralised carbonatites on WA1’s ground and nearby Aileron Project

Geological Summary

Location: Western Australia’s West Arunta region, within the Arunta Orogeny
Geological Context: Situated north of the Central Australian Suture, containing Proterozoic units from the Warumpi and Aileron Provinces, with Neoproterozoic Amadeus basin fill
Exploration Status: Historically limited on-ground exploration; reliance on regional geological mapping and public geophysical surveys
Target Areas: Identified based on regional data, resembling mineralised locations on neighboring leases; awaiting field investigation and potential refinement through higher density geophysical surveying

Targeting niobium rich carbonatites

Comprehensive desktop review completed by experienced geophysical consultant Resource Potentials, known for contributions to WA1’s Luni and P2 discoveries, and Cadre Geological consultants
All available public data on the Project compiled, identifying high-priority exploration targets based on trends and structures observed in geophysical surveys
Displaying characteristics similar to neighboring leaseholders’ successful exploration for niobium, REE enriched carbonatites, and IOCG mineralisation, identified areas hold promise for further investigation