Desert Metals Limited announced the identification of a potentially significant new rare earth system on its Dingo Pass Project in the Narryer Terrain in WA, adjacent to the existing 101 million tonne Rare Earth Resource at the Tower Prospect owned by Krakatoa Resources Limited. Dingo Pass Project - Tower REE Prospect: In November 2022 Krakatoa reported a JORC compliant resource of 101Mt @ 840ppm TREO at their Tower prospect. The eastern limit of the resource is truncated by the Dingo Pass tenement boundary, with remote sensing and radiometric data suggesting the REE mineralisation is likely to continue into the Dingo Pass Project.

Field reconnaissance with a portable XRF tool by DM1 personnel has further confirmed the presence of elevated REEs within the Dingo Pass tenement east of the Tower deposit. Considering that Krakatoa's defined resource does not typically outcrop at surface, these surface sample results are particularly encouraging. Desert Metals plans to drill test a 9km long zone along strike to the east of the Tower deposit with 5000m-10,000m of Aircore drilling in early 2023.

Mineralisation in the area is typically flat lying, shallow and hosted in the clay horizon which leads to relatively quick and inexpensive drilling campaigns to test the mineralisation. Dingo Pass Project - Nickel Targets: As previously reported the recent drilling of conductors at Dingo Pass did not intersect significant nickel mineralisation. Assays of the sulphide zones have now confirmed they consist predominantly of pyrrhotite and pyrite.

The holes did however intersect prospective mafic intrusives and there remain several promising conductors with coincident mafic-ultramafic outcrops within the project. DM1 intends to complete more detailed mapping and soil geochemistry in order to prioritise these for drilling in the latter half of 2023. Belele Project: A 150 hole reconnaissance Program of Work (POW) drill program has been approved at Belele to test a 15km zone of untested greenstone belt for gold and base metals within the Carbar Shear Zone.

DM1 intends to complete this program once it has completed a heritage survey early in the new year.