ScandiVanadium Limited provided an update on the Pascalle Project helicopter electro-magnetic (HEM) survey and review of historical geophysical data at its 950km Paterson South Projects in Western Australia's Paterson Province. Pascalle HEM Survey: New Resolution Geophysics (NRG) has completed 925 line kilometres of XciteTM HEM and AMAG survey at 100m spacing over the entirety of the Pascalle tenement. This survey gives the highest resolution geophysical dataset so far recorded over Pascalle. EM surveys, such as that run by NRG, are designed to detect highly concentrated massive-sulphide bodies down to a depth of approximately 400m whereas AMAG surveys are designed to identify local magnetic anomalies, potentially associated with hydrothermal fluid flow activity. Preliminary processing of initial HEM survey results shows no evidence of massive sulphide, meaning that if sulphides are present there is not enough connectivity between the grains to create a conductive body. The survey has recorded 14 subtle anomalies that could be related to bedrock conductors but could also be explained by local near surface conductivity variations. Where magnetic targets occur without associated massive-sulphide, as indicted by the absence of EM anomalies, there remains potential for low-sulphidation mineralisation such as quartz-Au stringer- breccia style or disseminated sulphides. Potential follow on work using a ground-based, gradient array induced polarisation (GAIP) electrical geophysical technique, (which has the ability to identify disseminated sulphide mineralisation, such as that associated with Telfer, Winu, and Calibre style gold-copper-silver type mineral systems), may be undertaken. Final review of enhanced AMAG and EM channel imagery is required to clarify magnetic targets associated with low level amplitude EM anomalism. Structural interpretation of magnetic data will be used to define prospect scale targets to plan and mobilise GAIP surveys prior to drilling. Paterson South Projects: The Paterson South Project comprises three tenement applications totaling 950km2 approximately 120km south east of the Pascalle Project area. The new tenements applied for by ScandiVanadium target exciting geophysical targets under 400-500m of cover thought to be prospective for Telfer, Winu and Havieron style mineralisation. These new applications are located in the underexplored southern portion of the Paterson Province, with the same host formations and structures common to the major mineral deposits in the region further to the north. Despite the known geological affinities, the area has seen very limited historic exploration. Neighbouring tenements are owned by FMG and Ausquest, with FMG recently completing a large AEM survey over their adjacent tenements to the south. A review of all available historic geophysical data was completed on the 950km2 of application ground in the Paterson Province of Western Australia. The company identified a number of regional and local datasets, including a detailed ground-based gravity survey undertaken by Haines Surveys at 300m line spacing. Multiple geophysical anomalies have been identified and remain untested, of note is the Tabletop 2 anomaly. The Tabletop 2 anomaly displays a notable magnetic bullseye with associated 0.1-0.15 milligal gravity anomaly. 3D interpretation of Haines gravity data indicates a high-density target measuring 800m x 500m and up to 300m thick. The target, situated at a depth of approximately 400m, is directly above a strong magnetic anomaly which is interpreted as representing an intrusive unit. The relationship of the gravity anomaly located directly above a magnetic anomaly indicates the potential for dense sulphide or iron/hematite alteration deposited above a mineralized magnetic intrusive. Such systems typically develop as heat from magma produces a hydrothermal system that deposits gold and copper as the fluids interact with the host lithology. The next steps at Paterson South will include performing Euler Deconvolution modelling for the existing AMAG data over the three tenement areas to highlight depth to basement as well as remodelling historic gravity /magnetic data at Tabletop 2 to better constrain depth to target. Once depth to target is constrained follow up geophysical work will be considered to assist drill targeting at depth. With a better understanding of mineralization styles that could be responsible for the targets seen at Pascalle and at Paterson South, ScandiVanadium is able to select appropriate exploration techniques to advance both projects towards drilling.