EV Resources Limited provided an exploration update for the Khartoum Project, located in North Queensland. An initial 3,000m reverse circulation ("RC") drilling campaign has been planned for the Boulder Prospect area to follow up previous drill results and to investigate a number of high-grade mineralized greisen outcrops that have not previously been drill tested. Heavy wet season rainfall has delayed fieldwork, however clearing of access and drill pads has been completed for the commencement of drilling in late May.

Tin mineralization in the Boulder area comprises granite-hosted, lower-grade, bulk tonnage targets that are present as numerous pipes within linear zones of greisen alteration. The greisen zones are evident as a series of sub-parallel northwest-southeast striking ridges. Previous drilling targeted shallow tin mineralization within the pipes only.

The current drilling program is designed to determine the potential for mineralization along the linear alteration zones between the pipes based on elevated rock chip results, and to test for deeper mineralization associated with the pipes. More easily accessible pipes that returned higher-grade rock chip channel sample results and had not previously been drilled will also be tested. Outcrop sampling to define further drill targets has been undertaken in the northern portion of the Boulder area.

This includes the Denford-Saurian and Starlight-Titania Prospects. Samples have been dispatched to the laboratory and results are awaited. Whilst preparing for the upcoming drilling program, the Company has also commenced the assessment of higher-priority targets elsewhere within the Khartoum Project.

The initial area of reconnaissance is the historic Brownville Mineral Field, and the Gows and Tungsten Knob Prospects. The Brownville Mineral Field was primarily a lead-silver copper producing area and has received minimal exploration scrutiny since the 1970's, primarily by companies exploring for base metals. Recent sampling has returned elevated tin and tungsten results.

Some historic tin mines are also present in the area, with the Excelsior mine producing 171t of cassiterite concentrate at 1.22% Sn and the Excellent mine 28.65t of cassiterite concentrate at 1.56% Sn. The Company is currently locating the historic workings and undertaking systematic rock chip sampling to determine the potential for high-grade economic tin-tungsten mineralization. There has been no recorded drilling at any of the prospects, with previous exploration limited to surface sampling and trenching.

The Gows and Tungsten Knob areas were historically mined for tungsten and to a lesser extent tin. Accurate production figures for mines in these areas is not available.