Newcrest and R3D have amended the Bulimba agreement to allow for the deferral of the Helitem survey over the eastern Bulimba tenements until first half 2022. The Bulimba agreement covers six EPMS west of the Tartana mining leases and is subject to the Bulimba agreement where: R3D agrees to spend a minimum of $335,000 on exploration on the tenements to meet minimum expenditure commitments required for the Department of Resources. At the completion of this expenditure, Newcrest Mining will transfer the tenement to R3D Resources at no cost. if R3D discovers more than 1M oz Au Equivalent (Eq), Newcrest may elect to "claw back" 75% of the project by spending three times R3D Resources' expenditure to-date. Alternatively, Newcrest may earn a 1.5 % to 2% NSR on future production by R3D with the rate depending on whether the head grade is above or below 1g/t Au Eq. Under the original agreement the expenditure commitments were to be met by the 21 November 2021. However due to increased demand for low frequency Helitem surveys in WA, R3D was not able to commission a survey covering the tenements until first half CY2022. R3D conducted a Falcon Gravity/Magnetic aerial survey over the western tenements including its separate Beefwood project in July/August 2021 and which has met the required expenditure for EPM 26740 and 26738. In respect of EPMS 26532, 26530, 26533 and 26531, Newcrest requested and has been granted the deferral of expenditure commitments for the 2021 year until 2022 by the Queensland Department of Resources. Meanwhile new targets emerging from the Falcon Gravity/Magnetic survey are currently being assessed and planning is underway for follow up exploration. The Company expects to outline these targets in early November.