Pearl Gull Iron Limited announce the second batch of results from its maiden exploration program on Cockatoo Island. Pearl Gull has completed a 2,774m diamond drilling program in all three prospects comprising the Switch Pit, Magazine Pit and the North Bay area. The second batch of assay results have continued to return impressive high grade iron results from the Switch Pit including: 21SWDD02 - 65.9m @ 55.5% Fe from 0m (inc. 12.2m @ 65.5% Fe from 11.8m and 10.8m @ 59.4% from 55.2m) 21SWDD06 - 4.9m @ 62% Fe from 71m 21SWDD04 - 0.6m @ 58.9% Fe from 55.9m The Switch Pit diamond drilling resulted in a total of 11 holes for 1,098.8m with the latest assay results continuing to display high-grade iron material from the main Seawall Haematite unit and the adjacent `footwall' iron mineralisation. The footwall iron mineralisation ore types will be tested for beneficiation via Wet High Intensity Magnetic Separation (WHIMS) with results expected in the coming months. This type of material was previously processed on Cockatoo Island using similar beneficiation processes to produce high grade (>66% Fe) finished product. A plan view image of the Switch Pit drill hole traces is shown below along with the interpreted trend of the high-grade Seawall Haematite intersected in holes 21SWDD01 and 21SWDD02. The `Cockatoo Formation' is a key target for iron mineralisation and its surface expression has been draped over the image in transparent blue.