Aurumin Limited provided an exploration update for its 100% owned Mt Palmer Project. Mt Palmer has a history of high-grade gold production, producing approximately 158,000 ounces at 15.9g/t Au before ceasing commercial operations in 1944. A broad spaced (100m by 400m) Ultrafine soil sampling programme (phase 1) has been completed in an area nearly 5km x 5km in the southern portion of Mt Palmer tenements with around 350 samples collected.

Preliminary assessment of these samples using a desktop XRF Bruker CTX instrument has been completed by Portable Spectral Services and the results include their in-house developed and proprietary Lithium Index Calibration. The Lithium Index acts as a proxy for lithium concentrations as pXRF instruments are unable to directly detect lithium. The Lithium Index uses detectable elements which correlate to Lithium-Cesium-Tantalum (LCT) pegmatites, i.e., Ga, Rb, Nb, Cs, and Ta, along with additional elements used to evaluate the fertility of granites.

The Lithium Index has identified multiple targets, some of which are coincident with historically logged pegmatite in drilling with intercepts up to 50m downhole and where outcropping pegmatite has been observed from field work.