Petratherm Limited announced that it has completed a detailed shallow grid drilling program over the DG1 Gold Anomaly on the Comet Project Area, approximately 80 kilometres southwest of Coober Pedy in South Australia. The Comet Project contains prospective Archean strata of the Northern Gawler Craton which hosts numerous gold occurrences such as the Challenger gold deposit (1.1 Moz @ 5.1g/t) and the recent high-grade Aurora Tank Gold discovery. Petratherm has applied a new exploration methodology, where shallow grid drilling has been undertaken to directly sample the top of the in-situ "saprolite" zone clays that lie below younger transported cover strata that mask the bedrock geochemical response. The DG1 gold anomaly spans an approximate 2,000 metre by 800 metre area and the infill program comprised 130 shallow holes drilled on an 100m grid array to an average depth of 12 metres. Drill samples have been submitted to ALS laboratories for geochemical analysis with results expected in approximately 3 weeks' time. The Company is also pleased to announce, that the granting of the adjoining Gina Tenement Application (ELA 2020/00194), a large 934km2 holding, is imminent with final Regulation 46 Licence terms accepted. A new exploration licence application ELA2021/00090 has secured additional areas along the western side of the Comet Project Area. The Gina Tenement Application includes the historical Target 14 Gold Prospect which occurs about 5 kilometres southwest of the new DG1 gold anomaly, and which may be linked along the same structural trend. Air core/hammer drilling to bedrock of the DG1 Anomaly and Target 14 Areas are scheduled to get underway during September subject to final approvals and rig availability. The Company will also expand its regional Deep Geochemical Gold exploration program over the western portion of the Gina Tenement to search for new gold anomalous areas. The regional work is supported with S. A Government grant funding to a level of $147,500 on a 1 for 1 basis through the Accelerated Discovery Initiative (ADI).