Meeka Metals Limited reported assays from a further 46 aircore holes drilled at St Anne's during August 2022, targeting the zone from surface to a depth of 100m. New assays extend the broad zones of high-grade gold by 85m at the northern end of St Anne's where the drilling continues to intersect a sequence of felsic volcaniclastics and mafic rocks. The mineralisation is predominantly hosted by the mafic unit within a broad, sub-vertical north-south trending shear zone.

Oblique cross cutting shears, identified in the aeromagnetic data, are interpreted to influence the development of high-grade zones of mineralisation at St Anne's. New assays from St Anne's include: 24m @ 4.73g/t Au from 52m including 8m @ 11.78g/t Au; 36m @ 3.61g/t Au from 44m including 8m @ 11.07g/t Au 8m @ 3.05g/t Au from 104m including 4m @ 4.09g/t Au; 20m @ 1.66g/t Au from 36m including 12m @ 2.36g/t Au; 16m @ 1.43g/t Au from 92m including 4m @ 2.06g/t Au & 4m @ 2.42g/t Au 12m @ 1.24g/t Au from 68m and16m @ 0.86g/t Au from 104m - hole ends in mineralization 8m @ 1.18g/t Au from 140m including 4m @ 1.87g/t Au - hole ends in Mineralization. 8m @ 1.58g/t Au from 60m; 8m @ 0.87g/t Au from 120m including 4m @ 1.30g/t Au; 4m @ 1.33g/t Au from 72m; 4m @ 1.93g/t Au from 24m and 4m @ 2.29g/t Au from 68m; 4m @ 1.27g/t Au from 24m Holes 101 and 105 ended in mineralisation due to blade refusal with the aircore blade unable to penetrate the quartz body. RC holes targeting this primary mineralisation are now underway at the northern end of St Anne's with assay results expected in mid-October 2022.

The Company has also engaged a diamond drilling contractor who are mobilising to site in early October 2022. This will provide additional capacity to target primary mineralisation in the fresh rock, while also gathering important structural information about the St Anne's mineralisation and various other technical information to facilitate an initial Mineral Resource estimate. Metallurgical samples have been collected from mineralised intervals at St Anne's and an initial metallurgical program has been commissioned.

Results are expected in the December 2022 quarter. Outside of the immediate zones of mineralisation at Turnberry and St Anne's, only 54 drill holes have intersected the highly fertile 7km shear zone. Where this sparce, broadly spaced reconnaissance drilling has intersected the shear zone, gold is evident.

Importantly, drilling records indicate the package of rocks that host gold at Turnberry and St Anne's also strike in a similar trend. Following extensional drilling at both St Anne's and Turnberry, this shear zone will become the focus of work, targeting large zones of thick, shallow gold mineralisation. In particular, areas where the oblique cross cutting shears, which influence the development of high-grade zones of mineralisation will be priority targets.