Group 6 Metals Limited provided an update on the construction activities at the Company's wholly owned Dolphin Tungsten Mine ("DTM"), located on King Island, Tasmania. Construction of the process plant is progressing well with a significant increase in mechanical equipment installation activities over the past two months. All of the major OEM equipment has been delivered to site and the Gekko Systems construction team is accelerating the works for the remainder of the year in preparation for commissioning in early 2023.

Mechanical and electrical installation for the crushing and screening circuit have been completed, and power has been turned on for the start of the pre-commissioning and testing for this area. While commissioning of the crushing and screening circuit continues, the Gekko construction team has transitioned to completing the installation of the downstream grinding and fine ore screening area, motor control centers (MCCs) and control room, installation of shaking tables and final product preparation areas inside the main process shed. In parallel the G6M team is progressing the stage 1 mining area pre-strip excavating historically stockpiled rock to use for construction of the TSF and remaining mine site support infrastructure in anticipation for processing first ore through the process plant in March 2023.

Following the Company's successful capital raise in late November, a group of brokers and investors visited the site to inspect progress of the construction activities. The site visit was a resounding success with very positive feedback on progress made to date. Group 6 Metals intends to mobilize a drill rig to King Island early in 2023, to conduct a drill program comprising 3-4 diamond core holes to test the western margin of the Grassy Granite, north of the Investigator 21 Prospect in early January.

The Company had success when it last drilled at Investigator in 2018, having identified high grade mineralization with one hole intersecting 3.3m at 1.7% WO3. The intersection is geologically significant as it confirms the high-grade tenor of mineralization at three separate locations on the periphery of the Grassy Granodiorite (Dolphin, Bold Head and Investigator) which upgrades the overall exploration potential of this large, mineralized intrusion. Pending the success of future drilling campaigns, the company would seek to delineate an economic reserve which would extend the life of mine beyond the currently 14 years.