Strickland Metals Limited provide an update on its Earaheedy Project (Strickland 80%; Gibb River Diamonds 20%). Geological mapping, designed to follow up on the encouraging soil sampling results, identified outcropping gossan on the contact between the Iroquois dolomite and a chloritic siltstone unit. This is the same geological setting as Iroquois.

Peak results of 7.3% Pb, 0.5% Cu, 4.8g/t Ag, 0.4% Zn and 25% Mn were returned from assays. Rock chip analysis carried out by external consultants confirmed the mineralisation is typical of a basin base metal mineralisation system. This new prospect, Malecite, is located approximately 1.5km to the south-east of Iroquois.

MVT-type Zn-Pb deposits typically form in `camps', and the work undertaken to date certainly suggests a story is beginning to unfold in this area. Following on from this recent mapping and geochemical sampling, Zonge Geophysics was engaged to undertake a trial Induced Polarisation (IP) survey to assist with identifying both the Zn-Pb (+pyrite) flat-lying mineralisation, identified from previous STK drilling (please refer to ASX announcement dated the 3 March 2022). This survey was also designed to highlight the coherent Zn, Pb, Cu, Sb, Cd, Ag and Bi feeder structures.

Results from this trial IP survey successfully highlighted chargeability anomalies, that are believed to be associated with the surface geochemical anomalies at both Iroquois and Malecite (Figures 3 and 4). Given the zonation in mineralisation from the interpreted `feeder structure' identified from the previous drilling at Iroquois (Cu-Pb-Zn to an outer zone of Zn-only) these chargeability anomalies could potentially be highlighting a more sulphide rich zone. Both structures are yet to be drill tested.