Peel Mining Limited to report initial assays from resource upgrade drilling at its 100%-owned Mallee Bull copper deposit, centred ~100km south of Cobar, NSW, have confirmed new broad high-grade copper-mineralised intercepts at shallower depths than previously seen. Peel is progressing to establish critical mass via the definition of high-quality mineral resources at each of its deposits. Drilling at the Mallee Bull and Wirlong copper deposits is part of the Company's copper first strategy, focusing on advancing the Mallee Bull and Wirlong copper assets as a priority. MALLEE BULL: Mallee Bull is amongst Australia's high grade undeveloped copper deposits, and resource upgrade drilling is part of Peel's strategy to advance each of its deposits to mineable resources, to achieve critical mass in support of a new substantial centrally located processing plant. The 2017 resource estimate for Mallee Bull comprises 6.76 Mt at 1.8% Cu, 31g/t Ag, 0.4g/t Au, 0.6% Pb, 0.6% Zn (2.6% CuEq) containing approximately 119,000t Cu, 6.6 Moz Ag, 83,000 oz Au, 38,000t Pb, 38,000t Zn) (using a 1% CuEq cut-off). Peel identified significant copper mineralisation in multiple drillholes recently completed as part of resource definition drilling, including MBDD037 and MBDD038, and assays have confirmed these observations, with better results including: MBDD037 62m @ 2.14% Cu, 15g/t Ag from 324m including: 25m @ 4.18% Cu, 24g/t Ag from 361m. MBDD038 36m @ 3.55% Cu, 72g/t Ag from 345m including: 3m @ 6.75% Cu, 75g/t Ag from 346m, 14.4m @ 4.71% Cu, 103g/t Ag from 359m, 3m @ 6.70% Cu, 88g/t Ag from 377m. MBDD042; 2m @ 1.41% Cu, 33g/t Ag from 318m, 4m @ 0.94% Cu, 51g/t Ag, 0.78g/t Au 4.10% Pb, 0.66% Zn, from 327m. MBDD043 9.67m @ 1.08% Cu, 11g/t Ag from 267.33m including: 3.46m @ 2.05% Cu, 21g/t Ag from 270m.