Todd River Resources Limited announced that following the confirmation of a robust bedrock conductor at the Trix Project and strongly anomalous PGE assays from drilling at the Chandler Prospect, a two phase drilling program has commenced at its 100% owned Nerramyne Project located approximately 130 kilometres north east of Geraldton in the Murchison region of Western Australia. As well as RC drilling at Trix and Chandler, a more widespread aircore program will be completed along existing station tracks and fence lines in order to test a number of interpreted mafic and ultramafic intrusions across the tenement. It is expected the program will run for approximately 2-3 weeks with results expected around a month after completion.

Nerramyne Cu-PGE Project: A Reverse Circulation (RC) and aircore drilling program has commenced over both known targets and previously unexplored mafic and ultramafic intrusions across the project area. Similarly to the initial drilling program at Nerramyne, this drilling is also subject to funding assistance from the state government of Western Australia through the successful application in Round 24 of the Exploration Incentive Scheme and thank the Western Australian Government for this funding assistance. As previously reported in ASX release lodged on 5 September 2022, FLTEM surveying at the Trix Prospect confirmed a robust bedrock conductor.

The conductor was recorded on two survey lines which both show a well defined profile with a response on all components that is consistent with a bedrock conductor source. Decays are clearly exponential and have a 25-50ms exponential time-constant. The modelled plate position is robust and has a size of ~100 x 100 metres and a conductance of 2700- 3300 Siemens.

Initial drilling at Trix which was completed during the August campaign, was carried out to better understand the geology in the area. Subsequently, interpretation of the FLTEM data has shown that this drilling was subparallel to the modelled orientation of the plate and missed the conductor. Holes have been designed to target the centre of the modelled conductive plate.

At the Chandler Prospect an initial fence of three holes intersected a package of layered mafic intrusive rocks comprising gabbro and dolerite with occasional pyroxenitic units and a medium grained granite to the west. Assay results from this drilling show significantly elevated Platinum and Palladium (PGE's) averaging 121ppb over 18m in hole NERC0002 (3m composite samples) associated with a gabbro-dolerite unit close to the granite contact. There is no drilling coverage for 400m to the south and no drilling at all to the north.

Aircore drilling will focus on several intrusions across the project where geochemistry is ineffective due to transported cover. In total 200-300 holes are planned across 6 traverses.