DMC Mining Limited updated the market on its recent project acquisition in the Fraser Range region of Western Australia. EL 28/3260 (Project) is a large exploration licence comprising 1 EL application totalling ~112km2. Refer.

The Project is held by Isker Mining Pty Ltd, a 100% subsidiary of DMC Mining Limited. Opportunistically secured a Project prospective for critical metals (Ni & Co) . DMC can leverage existing technical skills and expertise to advance exploration (should it proceed to granting).

Ground exploration is ongoing on nearby DMC tenements. The Project adds to DMC's already large tenure in the Fraser Range of 10 granted tenements totalling ~880km2. $1,660 paid in non-refundable application fees (to DMIRS) upfront to secure the tenement package.

DMC holds 100% interest. The Project sits within the Fraser Zone of the Fraser Range region, home to world class deposits such as Nova ­ Bollinger. Exploration model is for a range of mineral deposit styles, including, magmatic Ni ­ Co ­ Cu mineralisation, as exemplified by the Nova ­ Bollinger nickel-copper cobalt mine; orogenic gold mineralisation; intrusion-related gold mineralisation; and polymetallic sedimentary exhalative and volcanogenic massive sulphide mineralisation.

Magmatic nickel and cobalt sulphide orebodies frequently occur in clusters globally. Thus far there are only two discoveries in the Fraser Range and a large number of mineral occurrences. Process to Granting: DMC is not aware of any reason why the Project will not proceed to granting in due course.

Heritage Agreement: DMC (via Isker Mining Pty Ltd) has an existing Heritage Agreement with Ngadju Native Title Aboriginal Corporation, the traditional owners of the region. Under the terms of the existing agreement, DMC has the option to add the Project to the schedule of tenements in the existing agreement.