Manhattan Corporation Limited provided an update on drilling planned for its Tibooburra Gold Project, located in the emerging Koonenberry Gold District, North of Broken Hill, New South Wales. Manhattan has continued its engagement with a NSW based drilling contractor to re-commence drilling at the Tibooburra Project, the drilling crew and equipment will commence mobilisation this week to restart drilling b 24 January 2022. MHC have expanded the drill programme to drill a minimum of 10,000 metres of RC covering the high prospect areas that includes Main Zone, Pioneer, Western Lode, New Southern Zone and Clone.

The company plans to focus drilling on the continuity of the plunging shoots at depth and to continue to test the size of the high-grade system at New Bendigo. Following RC drilling, MHC plans to complete additional diamond drilling in consultation with its structural geology specialists to aid the planning and targeting of deeper mineralisation down the plunge of the system. The diamond drilling will complement the initial diamond drilling programme completed in 2020.

Twenty (20) RC Holes (NB0073-0092) were completed for 2,131 metres in November 2021. Drilling focused on testing the shallow nature of the mineralisation, including targeting the north plunging shoots within the lower grade NNW trending mineralised corridor that extends for approximately 650 metres of strike. Drilling successfully intersected high-grade mineralised zones that are thought to form two separate north plunging shoots located to the north and south of a cross-cutting fault, though further drilling is required in this area to confirm the synopsis, specifically in the vicinity of the fault and the continuation of the shoots at depth where they remain open.

Further to the high-grade central zone and the interpreted plunging shoots, drilling successfully increased the mineralised footprint within the broader lower grade halo of the NNW trending regional shear with all RC holes reporting significant mineralisation that remains open along strike to the south, the north and down-dip.