Strategic Energy Resources Limited announced that Farm-in and Joint Venture partner FMG Resources Pty Ltd. ("Fortescue"), a wholly owned subsidiary of Fortescue Metals Group Ltd, has commenced a detailed ground survey over SER's Myall Creek Copper-Gold Project. The Myall Creek Copper Project is located at the southern end of the Gawler Craton in the Olympic Copper-Gold Province, home to the Olympic Dam, Prominent Hill and Carrapateena mines and the recent major copper- gold discovery at Oak Dam West. SER's exploration licences (which are adjacent to Fortescue tenure) cover a 15km strike length prospective for both sediment hosted copper sulphide hosted in the basal units of the Tapley Hill Formation and Iron-Oxide Copper Gold (IOCG) mineralisation in the underlying basement.

The detailed ground gravity survey will consist of over 1900 new gravity stations on a nominal 500m spaced grid which will infill the existing regional 2km spaced gravity data. The survey will also infill a number of historical 250m spaced east-west gravity traverses in the area. This survey will complement the 2020 airborne magnetic /radiometric survey data to sufficiently model any basement hosted IOCG style anomalies.

SER will continue to keep shareholders informed of further developments at Myall Creek.