OAR Resources Limited provided the following update on its project portfolio. The Company has recommenced drilling at the high-grade Douglas Canyon Gold Project, where it is testing the interpreted depth extension of outcropping high-grade gold and silver mineralisation which included 18g/t gold and 398ppm silver1. The drilling contractor has successfully re-entered DCD-02 and has commenced diamond core drilling.

Drilling to date has intersected a series of highly weathered, sheared and fractured metasediments, with intermittent hard silica cherty bands and quartz stringer veinlets throughout. Given the fractured nature of the core, the Company has taken a steady, cautious approach to drilling, with a primary focus on maximizing the amount of core recovered for analysis. The previously reported expansion2 of the Douglas Canyon Project area, via the addition of the new claims immediately adjacent and to the west of the existing project tenure increases the interpreted strike length to over 2.5km.

The 2022 field season at the Company's Crown Ni-Cu-PGE Project in the Julimar District in Western Australia has commenced with further landholder access agreements underway in the prospective North-Eastern area of the tenement: The new land areas, once confirmed, will open up the North-Eastern area for detailed systematic mapping and soil geochemistry. Systematic soil sampling (121 samples) and rock chip sampling of outcrop (79 samples) from have been submitted for analysis. Final results pending.

Planning for the airborne geophysical survey over the eastern portion of the project area will be guided by the results of the current exploration and in particular, driven by the exploration in the new land areas.