Strike Resources Limited announced an update on mining operations at its Pilbara Paulsens East Iron Ore Project (Paulsens East). Strike is targeting first ore on ship (of up to 55,000 tonnes) at Utah Point in Port Hedland in June 2022. Mining Operations: Mining operations have commenced with Paulsens East Lump DSO currently being stockpiled prior to delivery to Utah Point.

Haul Road: Construction of the 18km haulage road to connect the Paulsens East mine to the public Nanutarra Road (Haul Road)1 is progressing well, on schedule, and is expected to be completed in mid-May 2022. Haulage Contract: Strike has entered into a contract with haulage and mining services contractor, Odell Mining Services to secure the transportation of Paulsens East Lump DSO to Utah Point to meet targeted first ore on ship in June 2022. Access to Utah Point, Port Hedland: As previously disclosed, Strike has received formal confirmation of capacity allocation from the Pilbara Ports Authority (PPA) at Utah Point for 200,000 tonnes per financial year.

PPA will be undertaking a site visit to the Paulsens East mine site in early May after which the multi-user access agreement with PPA is expected to be executed. Strike plans to commence hauling Paulsens East Lump DSO into its allocated stockpile bunker from on or about June 1, 2022.