Tulla Resources Plc provided an update of project construction and mining activities at the Norseman Gold Project (TUL 50%). The Company's asset is a 50% interest in the Central Norseman Gold Project (the "Project"), a historic gold province near the town of Norseman in the Goldfields of Western Australia, which commenced operations in 1935. The other 50% in the Project is held by ASX listed company Pantoro Limited through its wholly owned subsidiary, Pantoro South Pty Ltd. ("Pantoro South") via a farm-in and joint venture agreement dated 14 May 2019 ("FJVA").

Pantoro South is the Manager of the Gold JV. The Company owns 100% of the iron ore asset located at the Norseman Gold Project, subject to the terms of the Mineral Rights Deed entered into with Pantoro South. The Project is located at the southern end of the Norseman-Wiluna greenstone belt in the Eastern Goldfields Province of the Yilgarn Block in Western Australia, approximately 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance.

The Project comprises 154 near continuous mining tenements (including pending applications) over approximately 70 kilometres of strike covering approximately 750 square kilometres. The Project has produced in excess of 5.5Moz of gold since 1935 and is considered one of the high grade, large scale gold projects in Western Australia. The current Mineral Resource is 4.8 million ounces of gold with an Ore Reserve of 973,000 ounces.

The Project is serviced by existing infrastructure supported by the local Shire and State infrastructure, with the new 1.0Mtpa carbon in leach processing plant due to recommence production in H2 2022.