5 ANNUAL REPORT ALLUP SILICA Year Ending 30 June 2023 E63/2139 Pink Bark During the year the Company continued its focus on establishing strong relationships with the local landowners, community, and heritage groups. The Company has Land Access and Compensation Agreements with the landowners and has received heritage approval from the Esperance Tjaltjraak Native Title Aboriginal Corporation earlier this year, to proceed with exploration and drilling. Reconnaissance and hand auger drilling was conducted to define the high priority target areas, and thereafter a consequent air-core drilling campaign was completed in Q2 2023; a total of 26 holes drilled for 421m. The results of this drilling have indicated that Pink Bark Project is highly prospective for both silica sand and clay-hosted rare earth element (REE) mineralisation. E63/2137 Dune Buggy During the year the Company completed an auger drilling campaign in Q1 2023 and continued to focus on receiving the necessary approvals, with Consent to Explore and a PoW both approved during the year. The Company also worked with the Esperance Tjaltjraak Native Title Aboriginal Corporation (ETNTAC) who has been engaged to conduct a heritage survey across the Dune Buggy Project. The Company continues to investigate the various processing techniques for this type of silica sand, with the aim of developing two viable product streams, one being high-purity silica with the other being high-grade calcium carbonate for use in agriculture. So far, the Company has been able to demonstrate the production of calcium carbonate, a commercial Ag-lime product with moderate grade silica sand co-product. Further work is required. ARGYLE SILICA EXPLORATION PROJECT Figure 16. Location map Argyle Silica Sand Project The Company is continuing to establish strong relationships with the local community and heritage groups, and is planning a reconnaissance trip in Q4 2023 to liaise with local groups and community leaders prior to commencing activities.
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