Aramo, Northern Spain

Copper-Cobalt-Nickel Project

Key highlights from the StPatrick Licence include :-

• Grab sampling across multiple mineralized veins and alteration zones have confirmed the style and tenor of mineralisation and have reported assays ranging up to 1% – 28% copper, 0.1 – 1.88% cobalt and 0.1 – 1.68% nickel.

• Lithogeo chemical sampling was completed within four accessible working levels at the historic Aramo Cu-Co-Ni mine in Asturias.

• A total of 205 rock samples have been collected and analysed at ALS Laboratories, Loughrea, Ireland.

• This work has formed the basis of a broad characterisation study of extensive zones of alteration and mineralisation which are present and clearly observed within parts of Levels 3and 4 of the mine.

• A 3D laser (LIDAR) survey has also been completed at the Mine on the historical Levels 3 and 4. This will provide an accurate 3D model framework of the mine workings and allow for systematic and more intensive underground mapping and sampling on these levels.

• This work will lead to a better understanding of the geological and mineralogical model at Aramo, and in turn form the basis of 3D visual planning for diamond drilling targeting unmined mineralization as well as extensions to the main mineralized zones.

• Mine archive searches have produced targeting data associated with areas outside of the Aramomine on the St. Patrick Licence as well as targets associated with several other of the Company’s pending licence applications.

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