A helicopter-borne EM survey has been completed by Hannans Ltd. at its 100% owned Moogie Copper-Gold and Nickel-Copper-PGE Project ("Moogie"), located approximately 260km north-west of Meekatharra and 300km east of Carnarvon in the East Gascoyne Region of Western Australia. Moogie is located within the Gascoyne Province proximal to the margin with the Yilgarn and Pilbara Cratons. Such collision belts at the margin of cratons are known to host deep crustal-scale structures, favourable target sites for mineralisation.

The project hosts a significant strike length of the Cardilya Shear Zone, identified as such a deep-seated structure. The Cardilya Shear Zone is a 2-5km wide, east-west trending shear zone which buckles and thickens at its intersection with the northeast-trending Deadman Fault Zone, a second major structure transecting the project. Hannans is exploring the Cardilya Shear Zone and related structures for Cu-Au, Ni-Cu-PGE and orogenic Au mineralisation.

During January 2022, Hannans completed a 413 line kilometre high resolution helicopter borne EM and magnetic survey using the NRG XciteTM system. The line spacing over the priority Mission Bore, Breccia, Minni Ritchi and Ghallangee prospects was 200m and the line spacing for the regional survey was 400m.