Warriedar Resources Limited announced that a first pass analysis of both the 2014 Airborne Electromagnetic (AEM) data and the preliminary February 2023 AEM data has been carried out by Newexco, widely acknowledged experts in EM data analysis and modelling. Newexco has identified a number of high-quality anomalies to be progressed via further evaluation work, including ground EM, prior to targeted drilling from mid-2023. Both the 2014 and 2023 surveys were flown primarily to look for conductors below the ground, which may be caused by base metal bearing massive sulphides. Where gold is associated with massive sulphides, it can also be (indirectly) targeted. As per a typical geophysical workflow, Airborne EM is first used to identify where the conductors are to be followed by Ground EM to better constrain the geometry of each discrete conductor for drill testing. Of the total 810 km of tenure, Warriedar now has AEM coverage over 60% of the ground. This provides excellent preliminary insight into which parts of the tenement area, below ground, are more likely to contain accumulations of metallic sulphides. The 2014 AEM survey: The 2014 VTEM survey was flown by Geotech Airborne in June 2014 using the VTEM-Max system. Flight lines were flown east-west, spaced 150m apart and totalled approximately 1068 line-kms. The primary target of the 2014 VTEM survey was gold associated with sulphides adjacent to the Mougooderra Shear Zone, a predominantly north-south trending major structure extending along the central-eastern side of the survey area. An initial interpretation of this data, along with target summaries and follow-up recommendations, was undertaken Precision Geophysics Pty Ltd. in late 2014. The interpretation comprised of interrogating image products and the raw profile data, identifying and tabling anomalies with recommendations for follow-up. Emphasis was placed on the late-time features as these were most likely to represent the stronger, deeper conductors and are potentially the best targets for this area. Specific targets and areas of interest were selected and ranked according to their signal strength, geological setting, other geophysical data support and other characteristics. A total of 44 individual targets were identified: 2 were ranked as very high priority, 6 were ranked as high priority and 18 as medium priority. The remaining 18 targets were ranked as low priority primarily with recommendations for ground truthing. A follow-up review of the 2014 interpretation will be undertaken by Newexco in conjunction with
the newly acquired 2023 `Xcite' (NRG) airborne electromagnetic survey (AEM) data. The 2023 AEM survey: The 2023 XCite survey (commissioned by Warriedar) was flown by NRG with a nominal line spacing of 200m and variable line direction (as appropriate). A total of 1710 line-kms were flown,
including an extension of coverage at the Fields Find project. Final data is yet to be received from NRG. However, as is common practice, Newexco has
undertaken a first pass review of the preliminary data and has identified and ranked bedrock conductors. A total of 8 Priority 1 conductors have been identified in the data. A further 43 Priority 2 conductors have been flagged for review, geological integration and possible follow-up. The Priority 1 conductors in the centre of the Fields Find intrusive complex are of immediate interest. These conductors are discrete (not stratigraphic) and strong (high decay constant). All Priority 2 conductors are to be reviewed thoroughly in geological context. Discrete (non- stratigraphic) conductors in geologically favourable locations (such as the Priority 2 conductors within the host sequence for Golden Grove VMS deposits, or the conductors proximal to the historic Warriedar Copper Mine at Fields Find) are likely be followed up with ground EM surveying prior to drilling.