6 ANNUAL REPORT ALLUP SILICA Year Ending 30 June 2023 E80/5524 Cabbage Spot A PoW has been approved for exploration and drilling and a Heritage Impact Notice has been lodged with the Kimberly Land Council (KLC) in accordance with the Native Title Agreement. A reconnaissance and surface sampling campaign are being scheduled for Q4 2023 and drilling is intended once the heritage survey is conducted and these activities are approved. E80/5652 Big Cecil The Exploration Licence E 80/5652 for Big Cecil Silica Sand Project was granted on the 9th of May 2023 and permissions and permitting required to start exploration are underway. A Native Title Agreement is in place, with a Heritage Impact Notice to be submitted for the proposed exploration activities. RAIL HEAD EXPLORATION PROJECT The Rail Head Silica Sands Project is located approximately 90km by rail from Bunbury Port. Rail Head was granted on the 21st of October 2022 and permissions and Heritage Agreements signed. The Company completed a reconnaissance and surface sampling campaign, which confirmed the presence of silica sand. OTHER EXPLORATION PROJECTS During the period the Company applied for four Exploration Licenses which on initial assessment were considered prospective for high purity silica sand, these being Blue Vein, Trigger Fish, Moby and Dune Buggy B (an extension to the Dune Buggy tenement). Following a more detailed assessment both Trigger Fish and Blue Vein were surrendered. The Moby Exploration Licence has been approved with further permitting and approvals currently underway. Dune Buggy B is still in Application and pending approval. Other Tenements Not Granted (Pending) ELA80/5629 Nearby Post No activity ELA63/2138 Pink Bark B No activity ELA63/2264 Dune Buggy B No activity
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