Pantoro Limited to advise that the initial 2022 step out drilling at the Lamboo. Nickel-PGE Prospect has continued to return strong PGE, nickel and cobalt assays. In addition, significant coincident rhodium and iridium grades have been returned in the northern extensions of the Pt+Pd+Au zones drilled to date.

Drilling at Lamboo continues to extend mineralisation north and south of previously drilled areas. All areas drilled to date remain open in all directions. Occurrence of coincident rhodium and iridium with the highest grade Pt+Pd +Au(3E) assays returned to date.

Previously released results in northern parts of the West Limb of the Lamboo Prospect have also been confirmed to hold significant rhodium and iridium values. Rhodium and iridium are high value elements, currently priced at approximately AUD 21,400/oz and AUD 6,900/oz respectively. Fourteen holes drilled in the northern zones await return of rhodium and iridium analysis.

Broad zones of strong nickel and cobalt mineralisation have been encountered separate to the high grade PGE mineralisation identified. Drilling is ongoing with a number of additional assay results expected in the near term.